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Latest Date stamped below. A 
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BULLETIN 



OF THE 



TREASURY DEPARTMENT 



JANUARY 
1943 



IHE uama uf rne 



Analysis of Receipts and Expenditures 
Composition of the Public Debt 
Prices and Yields of Government Securities 
Other Treasury Statistics 



UNITED STATES 
TREASURY DEPARTMENT 

OFFICE OF THE SECRETARY 



r^-: 



■^ O Co . I *3 

U-n37i)U 
1943 



Bulletin of the Treasury Department, January 1043 
Cumulative Table of Contents 



I. Special artlelai 

Sale* of United States OoTemaent securities In DecemlMr 19112, classified 

by type of Investor 

Dividends received by corporations. Individuals, and fiduciaries, 1936... 

Sstate tax rates and tax liability In the United States, United 

El n^dom, and Canada 

Individual Income tax rates and tax liability in the United States, 

United Kingdom, and Canada 

Individual Income tax rates In the United States, selected taxable 
years, igiS-igUs 

Comparison of various features of Treasury seeorltles oarre«tly 

off eved to the public 

Preliminary analysis of taxable excess profits tax returns for 19'^1 

filed throu^ July 3I , 19'»2 

United States Government interest-bearing public debt otitstandlng 

during World War I 

Taxable corporation incone tax returns for I9H0 filed throu^ 

December 3I, 19U1 , 

* 

Estimated ownership of all interest-bearing Sovszmnental secoritiss 
outstanding, classified by issuer and by tax status, as of June 30, 
1937-1 gltl and December 3I, igUl 

II. Summary of fiscal statistics 

Budget receipts and expenditures , 

Debt outstanding: 

Public debt 

Public debt and guaranteed obligations 

Means of financing cash requirements 

III. Hecelpts and expenditures and appropriations 

Appropriations and net contract authorisations for the war actlTlties 
program as of month-end preceding month of publication 

Budget receipts and expenditures: 

Summary by major classifications 

Analysi s of receipts from Internal revenue 

Analysl s of general expenditures 

Analysis of expenditures for war activities 

Analysis of expenditures for (l) revolving funds and (2) transfers 

to trust accounts, etc 

Total budget receipts and expenditures, by months, for recent years.. 

Receipts and expenditures for trust accounts, increment on gold, etc 

Means of financing cnsh requirements beginning 1933 

Tclal Security program: 

Budget receipts and expenditures; 

Social Security Act 

Railroad Retirement Act 

Railroad Unemployment Insurance Act ,, 

Scetement of trust accounts: 

Federal 01 rt-A*« «tiH Ri-.rTr<w<s.«« t««,..»-„ hi *. .■ — -« 



/XA^«jj_ 



53 



^^W-VAyVQ--'--^^ 






V. Government securities outstanding 

Debt outstandln>". classified by type of issuss: 

Public debt 

Piiblic debt aj i guaranteed obligations 

Composition of the public debt 

Receipts and expenditures on account of public debt 

Composition of ;l.e p hllc debt and guaranteed obligations. 



Issue and page number 



I9U3 



Jan. 



igits 



Dec. 



3-6 
7-8 



10 



13-1>1 

15 

16 
16 

17 
17-18 

19 

20 



7'<-75 
75 



Nov. 



Oct. 



Sept. 



22-23 
71-73 



5-6 

7 
7 
e 

e 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



5-6 



9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



5-6 

7 
7 
s 

8 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



^6 



8 
8 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



Aug. 



July 



5-6 

7 
7 



9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



June 



21-22 



5-6 



8 
8 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



22 



22-23 

Ul 



May 



Apr. 



8-71 



Mar. 



2 2 

3 



6 
6 
7 
7 

8 
8-9 

10 

11 



15 
15-16 



23 



23-21) 
U2 



5 
5 
6 
6 

7 
7-8 

9 

10 



11 
12 
12 

13 
13 
13 

lU 
lU-15 



20 



20-21 

39 



7-8 

9 
10 



11 
12 
12 

13 
13 
13 

lU 

iii-15 



20 



20-21 
l40 



5 
5 
6 
6 

7 
7-8 

9 

10 



lU 
Ii*-15 



30 



7-8 

9 

10 



lU 

lu-15 



20 



20-21 20-21 
28 28 



(Continued on following page) 



(I 



r 







. .v: 

,.>V-: 






-^ C3 Co > i C^ 

IS45 



Bulletin of the Treasury Department, January 1043 
Cumulative Table of Contents 



Special articlet 

Sadei of United Stetei OoTerooeDt eecurltles In Deceober l^kZ, classified 

by type of Investor 

DlTldends received by corporations, Individuals, and fiduciaries, 1936... 

Estate tax rates and tax liability In the United States, United 

Ilngdom, and Canada 

Individual income tax rates and tax liability In the United States, 
United Kingdom, and Canada 



Individual Income tax rates in the United States, selected taxable 
years, igig-igUa 



Comparison of various features of Treasury seeorities oarre^itly; 
offered to the publl c 



Preliminary analysis of taxable excess profits tax returns for 19U1 
filed throu^ July 3I, igUa 



United States Government Interest- bearing public debt outstanding 
during World War I 

Taxable corporation income tax returns for I9U0 filed through 
December 31 , 19U1 , 



Zetimated ownership of all interest-bearing Sovemnental securities 
outstanding, classified by Issuer and by tax status, as of June 30, 
1937-1 91*1 and December 3I, 19U1 



Summary of fiscal statistics 

Budget receipts and expenditures 

Debt outstanding: 

Public debt 

Public debt and guaranteed obligations. 

Means of financing cash requirements 



III. Heceipts and expenditures and appropriations 

Appropriations and net contract authorizations for the war activities 
program as of month-end preceding month of publication 

Budget receipts and expenditures: 

Summary by major classifications 

Analysis of receipts from internal revenue 

Acalysl s of general expenditures 

Analysis of expenditures for war activities 

Analysis of expenditures for (l) revolving funds and (s) transfers 

to tntst accounts, etc 

'^'otal budget receipts and expenditures, by months, for recent years. 

Receipts and expenditures for trust accounts. Increment on gold, etc.... 

MeanG of financing cash requirements beginning 1933 

)clal Security program: 

Budget receipts and expenditures: 

Social Security Act 

Railroad Retirement Act 

Railroad Unemployment Insxiranee Act , 

Statement of trust accounts: 

Tederal Old-Age and Survivors Insurance Trust Tusd 

Railroad Retirement Account 

Unemployment Trust Thxai 



Cash income and outgo of the Treasury: 

Analysis by major classifications 

Total cash Income and outgo, by months beginning January 1936. 



IT. Qeneral ?and of the Treasury 

Assets, liabilities, and balance in Qeneral yond. 
Analysis of changes in balance of Qeneral Tund. .. 



V. Government securities outstanding 

Debt outstanding, classified by type of Issues: 

Public debt 

Public debt ai 1 guaranteed obligations 

Composition of the public debt 

Receipts and expenditures on account of public debt 

Composition of the p,.blic debt and guaranteed obligations. 



19'»3 



Jan* 






7-8 



Issue and page number 



19'*2 



Dec. 



10 



15-lU 

15 

16 

16 

17 
17-18 

19 

20 



a 

22 
22 

23 
23 

23 

2U 
2U-25 



7'^75 
75 



^6 

7 
7 



9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



Oct. 



Sept, 



Aug. 



5-6 

7 
7 



9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



5-6 

7 
7 
8 
8 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



22-23 

71-73 



5-6 

7 
7 
8 

e 

9 
9-10 

11 

12 



15 
15 

15 

16 
16-17 



July 



June 



5-6 

7 
7 



15 
15 

15 

16 
16-17 



5-6 

7 
7 
8 
8 

9 
9-10 

11 

12 



15 
15 
15 

16 
16-17 



21-22 



Hay 



6 
6 
7 
7 

8 
8-9 

10 

11 



15 
15-16 



Apr. 



Mar. 



68-71 



7 
7-8 

9 

10 



lU 

lij-15 



5 
5 

6 
6 

7 
7-8 

9 
10 



lU 

iU-15 



5 
5 
6 
6 

7 
7-8 

9 

10 



11 

12 
12 

13 
13 
13 

lU 
lU-15 



30 



7-8 

9 

10 



11 
12 

12 

13 
13 
13 

lU 

lU-15 



17 
18 



(Continued on following page) 




Bulletin of the Treasury Department, January 1943 
Cumulative Table of Contents - (Continued) 



191*3 



V. O oyemnent eecurltles outetandlng (continued) 

Debt position of the United States under limitations Imposed >tj 
Section 21 of the Second Liberty Bond Act, as amended: 

March 3I. 19U2 

June 30, 19U2 • 

September 3O, V)'kZ 

December 3I, 19U2 ■ 

Computed rate of Interest on the debt: 

I»ubllc debt 

Public debt and guaranteed obligations 

Maturity schedule of Interest-bearing public marketable securltlee 
Issued or guaranteed by the TInlted States, as of month-end 

preceding month of publication 

Offerings of marketable issues of Treasury bonds, notes, and 
certificates of Indebtedness beginning with; 

January 1 , I938 

January 1, 1939 

Offerings of Treasury bills beginning »lth: 

January 1, 19'*1 

February 1, \°i^\ 

March 1, 19U1 

April 1 , 19U1 

May 1 , igltl 

June 1 , 19Ul 

July 1, 191*1 

August 1 , 191*1 

September 1, I9U1 

October 1 , 19"*! 

Hovember 1, 19l*l 

December 1, 19l*l 

Sales of United States savings bonds: 

Sujnmaxy, by series 

Sales reported by series, classified by denomination 

Sales reported by series, classified by type of purchaser 

Sales reported by series, classified by States 

Participation in payroll savings plans for war savings bonds 

Sales of United States savings stamps: 

Summary 

Sross sales, classified by denomination 

Hedemptlons, classified by means of payment 

Gross sales, classified by States 

Sales of tax series Treasury notes: 

Summary, by series 

Sales reported by series, classified by denomination 

Sales reported by series, classified by type of purchaser 

Hedemptlons by series, classified by means of payment 

VI. Ownership of Government securities 

Summary distribution, by holders, of securities issued or guaranteed 

by the United States 

Market transactions in Ooveminent securities for Treasury Investment 

accounts, monthly beginning January 1937 

Summary data from Treasury survey of the ownership of Government 
securities: 

December 31, 191*1 

January 3I, 19l*2 ' 

rebruary 28, 19l*2 

March 31 , 19U2 

April 30, 191*2 

May 31, 191*2 

June 30, 19U2 

July 31 , 191*2 

August 31, 191*2 

September 30, 19U2 

October 3I, I9U2 

Hovember 3O, 19U2 



Til. 



Prices and yields of Qovemaent securities (including securities 
Issued by federal agencies; "" 

Over-the-counter closing quotations and price history for public 
marketable securities issued by the U. S. Government and by 
Federal agencies, as of: 

The 15th of the month of publication 

The month-end preceding month of publication 

Chart showing yields of Individual Issues of Treasury bonds and 
note s 



Issue and page number 



33 



31* 
35-36 



37 



191*2 



Dec. Sov. Oct. Sept. Aug. July June May Apr. Mar. Feb 



25 
26-27 



28 



25 
26-27 



2S 



25 



26 
27-28 



29 



38 

39-1*0 
1*1 



U2-U3 

l*i4 

1*5 
1*5 
1*5 
U6 

1*7 

1*8 

1*9 
50 



29 



30-31 

32 



30-31 

32 



33-31* 

35 

36 
36 
36 
37 

38 

Ul 

1*3 

1*3 



29 



53-58 



33-31* 
35 

36 
36 
36 
37 

38 
1*1 

1*3 
1*3 



27 



28-29 



30 



30 



Ult-U9 



31-32 
33 
31* 

35-36 
37 

38 
38 
38 
39 

1*0 
1*1 

U2 

1*3 



31 



25 

26-27 



28 



2l* 



Ul 



25-26 



27 



29 



ltU-U9 



60-62 



63 



Average yield's of long-term Treasury bonds and high-grade corporate bonds: 

Beginning with January I93U 6U-65 



51-53 

51* 

55-56 



32-33 
31* 
35 

36-37 
38 

39 
39 
39 
ijo 

1*1 

U2 

1*3 



28 



U2 



25-26 



27 



39 



22-23 

2U 



22 



UO 



23-21* 
25 



28 



22-23 
2U 



28 



30-31 
32 

33 
3i*-35 
36 

37 
37 
37 
■^8 



1*6-51 



51-53 



51* 
55-56 



53-55 



56 
57-58 



U7-52 



29-30 
31 
32 

33-3I* 



29-30 
31 
32 

33-35 



25 



26-27 

28 

29 

30-32 



1*5-50 



5U-56 



57 
58-59 



52-51* 



55 
56-57 



ia*-U9 



1*5- 50 



26 



^7-28 

29 
30 

31-33 



U2-U7 



51-53 



5U 
55-56 



52-51* 



55 
56-57 



25 



28 



22-23 

L53 

2l» 



26 



27 



1*3-1*8 



1*9-51 



52 

53-51* 



26 



27 



31-36 



50-52 



53 
5i*-55 



31 
31 

32-37 



38-1*0 



Ul 
U2-U3 



39-1*1 



U2 
UvUU 






(Continued on following page) 



Bulletin of the Treasury Department, January 1943 
Cumulative Table of Contents - (Continued) 





Issue and page number | 


I9U3 


19'»2 


Jan. 


Dee. 


Nov. 


Oct. 


Sept. 


Aug. 


July 


June 


May 


Apr. 


Mar. 


Feb. 


Till. Oovemnent corporations and credit agencies of the United States 

Assets and liabilities and proprietary Interesti 

December 3I, igUl 
























U6-U7 


Januaiy 31. ^3^2 

February 28, 19U2 























U5-U6 




















57-58 


March 3I, 19U2 


















56-57 


April 30, 19U2 

May 31, 19U2 

June 30, 191*2 

July 31 , 19te 

August 31, I9U2 

September 30, 19U2 

October 3I. 19l»2 

November 30, 19U2 
















59-60 


















58-59 




















59-60 




















61-62 




















60-61 




















58-59 


















67I68 
69-70 

71-72 
30 


58-59 








































Sources and uses of funds; 

Fiscal year to date 


60-61 
62-63 

22 


60-61 
62-63 

22 


62-63 
6U-65 

22 


63-6U 
65-66 

2l» 


61-62 
63-6U 

22 


60-61 
62-63 

6k 

6U 

25-26 

66-67 

68 

70 


61-62 
63-6U 

65 

65 

25-26 

67-68 
69 

71 


58-59 
60-61 

62 

62 

22-23 

6U-65 

66 

68 
68 


59-60 
61-62 

63 

63 

23-2U 

65-66 
67 

73 


U7-U8 
U9-50 

51 

51 

22-23 

53-5»* 
55 

77 


U8-U9 
50-51 

52 

52 

53 

55-56 
57 

77 




Amount of obligations outstanding guaranteed by the United States, 


Tinacclng operations In securities guaranteed by the United States, 

beginning wl th 193'» 

Maturity schedule of securities guaranteed by the United States, as of 
month-end preceding month of publication ■ 


35-36 

7'*-75 
76 

78 


26-27 

65-66 
67 

69 


26-27 

65-66 
67 

69 


27-28 

67-68 
69 

71 


28-29 

68-69 
70 

75 


26-27 

66-67 
68 

70 


IX. Internal revenue statistics 

Collections of internal revenue: 

Sunn'iary data. . . r r , t . . . . 


Comparative details for current periods 

Gold assets and liabilities of the Treasury 


Increment from reduction In vei^t of gold dollar, cumulative to: 

June 30, 19U2 

December 3I, 19U2 












70 










69 


















78 
























69 
69-70 
71 
71 
72 
72 






70 

70-71 

72 

72 
73 
73 






68 

68-69 
70 
70 

71 
71 






77 
77-78 
79 
79 
80 
80 


Monetary stocks of gold and silver • 


78 
79 
79 
go 
80 


69-70 
71 
71 
72 
72 


71-72 
73 
73 
7U 
7U 


75-76 
77 
77 
78 
78 


70-71 
72 

72 
73 
73 


71-72 
73 
73 
7U 
7U 


73-7't 
75 
75 
76 
76 

78-79 


77-78 
79 
79 
80 
80 




Silver of specified classifications acquired by mints and assay offices. 


December 3I , 19U1 

June 30, 19U2 

September 30, 19U2 

Capital movements between the United States and foreign countries: 

Suanary tables for the calendar year 19'+1 

Cumulative suaunary for period beginning 1935: 

Het capital movement between the United States and foreign 

countries, • 














75-76 












76-77 
















82-83 








































61-62 

63-6U 
65-75 

57-59 


63-6U 

65-75 

59-61 

82 


ek 


76 


7U 


78 


so 


75 


77 


76 


73 


80 


Details by veeks 


Commodities Imported under quota provisions 



































































Note: 



In tables In which It la Indicated that the figures are rounded to 
the total shown. 



a given unit, the detalle win not necessarily add to 



SPECIAL ARTICLES 



-1- 



Sales of United States Government Securities in December 1042 
Classified by Type of Investor 



The following tabl 
In December 19'*-2 
various securlt 



able presents an analysis of the sales of United States 0^^^^"™«"^^,«^°'^^^^^^^ 
2 by type of investor. Statistics for the breakdown of total sales °^ ^^'^ 
lee issued are available In part from tabulations of subscriptions and allot- 




Small amo 



has been classified as "other corporations' 
types of corporate Investore 
results materially. The 

whole SUOply of bills during l-ne uioin-n u± ^^^^^^^., •- :"""",' k,iT» >, = .. hoen nnqumed 

month as 18 the case for all other securities. The entire Increase In bills has been assumed 
to have been absorbed by banking sources. 



ner corpora i.i.uno . >*iuc»j.j. txij.vv-.. — -- - r „<.^„-i- two 

rs specifically listed In the table, but not enough to affect the 
total amount shown for Treasury bills Is the net Ifci-^a^* ^" *2t 
ring the month of December. rather than total sales during that 



■y-t. 



A*'^ 




Basking source ■ 
Other ■ourceet 

Insurance conpanlei 
Savings banks 

Other corporations 

Individuals, partnerthlps, and personal 

trust accounts 
Dealers and brokers 
Heemoejrnaiy Institutions 
United States Oovernment agencies and 

trust funds 
State and local goTemnents, their agencies 

and sinking and trust funds 
ill other (including unclassified) 
Total froo other sources 
Total from all sources 



• Lasr than 0.05 percent. 



Souroos of Dlvldefnd Receipts, 103e 



The aooompanylng tablea are derived from epeolal 
tabulatlone of the 1936 InooM tax returns ot Individuals, 
oorporatlone, and flduolarlei, undertaken at a part of the 
Inoome Tax Study for 1936 which was aponaored and directed 
by the Dlrlelon of Tax Research of the Treasury Department 
in cooperation with the Works Projects Administration. They 
contain Information hitherto not arailable and are presented 
in advance of detailed analysis. 

In 1936, corporations paid out a total of $7 .k billions 
in oash dlTldends— the largest amount since 1930~whioh com- 
pares with an average amount of 16.0 billlcns for the pre- 
ceding 10-year period (1926 through 1935). The volume of 
cash dividends in 1936 undoubtedly was influenced by the 
operation of the undistributed profits tax which encouraged 
a more substantial distribution than would otherwise have 
taken place. It may also be noted that 1936 was the last 
year for which a tabulation of this nature could be made. 
Individual and fiduciary income tax returns of subsequent 
years do not contain detailed dividend schedules. 

The amounta and distributions of dividends received do 
not necessarily reflect corporate ownership. Equal amounts 
of dividends do not always represent identical amounts of 
corporate net worth. Moreover, no distinction oould be made 
In the tabulation of these data between dividends on pre- 
ferred stock and dividends on common stock. Finally, the 
data throw no light upon the ownership of corporations which 
did not pay dividends In I936. 

Table I shows the dividends received by corporations, 
Individuals, and fiduciaries, classified (a) by size of total 
assets of dividend paying eorporatlons and (b) by site of 
total assets of dividend receiving oorporatlone and by site 
of net Inoome of dividend receiving individuals. Table II 
provides the same information for each class of dividend 
recipients on the basis of percentage distribution of divi- 
dends received and Table III provides it on the basis of 
percentage distribution of dividends paid. 

Individuals filing Income tax returns received 56 per- 
cent, corporations Jk percent, and fiduciaries 70 percent 
of their dividend Inoome from corporations with total assets 
of JlO millions and over. Of the three main groups of re- 
cipients, fiduciaries showed the highest percentage of divi- 
dends received from the largest corporations (total assets 
of noo millions and over). Intercorporate dividends are 
highly concentrated in the group of corporations with total 
assets of $10 millions and over. More than 6k percent of 
the Intercorporate dividends paid by this group went to 
other corporations with total assets of $10 millione and 
over. 

The relative importance of Indlviduala as recipients of 
^ vldendB distributed by small corporations is indicated 
further by a comparison of the percentages shown in Table II 



y 0*,^'°*'"°""**^* distribution of total cash dividends paid 

In 1936 by corporations in the various asset size olasees. 

(See below for dividend distribution from "Statistics of 
Inoome for 1936", part II, table 5.) 

Table II indicates that the financial interest In small 
corporations of individuals with large amounts of net Inoome 
is proportionately much smaller than that of Individuals 
with small amounts of net Income. For example, while divi- 
dend payments of corporations with total assets of less than 
»50,000 amounted to I.26 percent of the dividends paid by 
all corporations, the proportion of dividends received by 
individuals with net inoome of #50,000 or more from this 
group of small corporations ranged only between .01 percent 
(for the class with net income of fl million and over) and 
.9'*- percent (for Individuals with net inoome between 160,000 
and 170,000). The ratio increased steadily as net income of 
the recipients declined, and individuals with net income of 
less than 15,000 received on the average 3.11 percent of 
their dividend Inoome from the group of the smallest ooroo- 
ratlons. ^ 

Table III emphasizes, further the disproportionately 
small financial Interest of the high inoome groups of indi- 
viduals in small corporations. Of the dividends paid by all 
corporations to all individuals filing Income tax returns, 
only 16.28 percent was paid to Individuals with net Income 
of less than 15,000. However, the share of this group in 
the dividend payments of corporations with total assets of 
lees than 150,000 was 28.81 percent, and in those of corpo- 
rations with total assets between $50,000 and $100,000, 20.27 
percent. Similarly, , only 12.79 percent of total dividend 
payments to individuals filing Income tax returns was paid 
to Individuals with net income between $5,000 and $10,000, 
but this group was paid more than 2k percent of the divi- 
dends paid to individuals by corporations of the two lowest 
asset size classes. On the other hand, individuals with net 
Inoome of $50,000 and more, whose proportionate share was 
31.34 percent, were paid less than 7 percent of the divi- 
dends paid to all individuals filing Inoome tax returns by 
corporations with total assets of less than $100,000. 



Dividend Distribution by Total Assets Classes 

of Dividend Paying Corporations, 

"Statistics of Income for 1936" 

(Percent) 



Assets classes 
(In thousands of dollars) 


fetal 


Undei! 
50 


50- 
100 


100- 
250 


250- 
500 


500- 
1.000 


1,000- 
5.000 


5,000- 
10,000 


10.000- 

50.000 


50.000- 

100,000 


' 

100.000 
and over 


100.00 


1.26 


l.'*3 


3.60 


3.92 


k.6k 


13.52 


6.95 


19.13 


10.17 


35-38 



METHODS nSKD IH DIVIDEKD STIIUY 



Proeednre; <thm original tatalatlea plast eallsd for a 100 percent 
traoBcrlptlon of the dxipllcato returni of oorporats dividend reolpionti, 
of flduclaiy ratomi, and of tbooa Individual laaeas tax rstam on 
•Ueh a total dividend inooM of HO.OOO or more vat reported. fltli 
reipect to of he I'd . » 25 percent laaple wao toleeted In tire itacet, 
at follovsi Tlrtt. every teatb block of 100 roturai on file with the 
Income Tax Study vat drawn. After trMatoriptlea, the** hltoki vara 
returned to their original potltien la the file. The itooid drawing (of 
approxlaately 15 percent) wat aada *y taking every leTeath block of 100 
retumt. In thoie eate* where the seventh bleek vat one vhlek had been 
draen provloutly at a tenth block, a rabttltuta bleek wat provided. 

Coverage I Compared with the Ubalattent of dividend inoome thowa 
In "Statistic! of Income for I936". Parte 1 and 2, the actual over-all 
ooverage of corporate dividend receipts wae 58.6 percent; of fiduciary 
retume, 61. 3 paroent (eetlaated); and of Individual retumt with divi- 
dend Income* of $10,000 or more. 71.7 percent. The Ubulatiea of the 
E5 percent eample of Individual retumt with dividend Inoomet of leet 
than 110,000 yielded an actual over-all ooverage of 18.0 percent The 
eovertae wai Incomplete dae mainly to Inadefaata Information In the 
retumt telected. 

Inflation of the etmplet i The Inflation of the laenlee to the 
tmouutt of dividend Income reported In "Btatlttlet of Income for 1936" 
vat made itparately for each aitet ilie claai of oorperate dividend 
reelpienti and for each net Income elaai of Individual dividend reolp- 
lentt. Coveragei of the different tub-groupt varied to come extent. In 
leolated oaiet where there vat only a relatively emll miaber of divi- 
dend reclplentt. the temple ooverage exceeded 100 percent of the cor- 
retpondlng totalt thown In "Statlttlot of Incame". 



The "blowing up" of the data relating to Individual dividend reclp- 
lente vat made In two etept. Wret, the "email" dividend Income eaaple 
wat Inflated to the tan ooverege repreeented by the reipectlve olattet 
of the "large" dividend Income tabulation, and the aoa of the two 
amount t vat tiiea inflated further to the 100 percent lovelt derived from 
"Statletlot of Income". 

Beoaaee no etatletlct of fiduciary retume of Inoome were available 
for 1936. a unlfon multiplication factor derived from an eitloate of 
the 1936 dividend Income of thli group wa* applied, and no breakdowne by 
else of Income are preeented. 

Inelutlon of t ajable fiduciary retume la tabulation of Individua l 
f» *^" **>• total dividend Income of I3,22g mllllont reported for 
Indlvidualt It over.tated by »117,629,000, or 3.6 percent. Thlt amount 
repretenti the dividend Income of tejcable ettatat aad tmttt. (See "Sta- 
tletlot of Inoome Supplement Compiled from Tederal Income Tax Hotumt 
for 1936", Section I, Table 2-J.) In I936. taxable eitatet and truett 
(I.e.. thote which falled^to dlttrlbute more than $1,000 to their bene- 
flclarleo) had to file Income tax returnt on Individual Income tax forme 
(Term lOW) tlnoe the Plduclary Eetnm of Income (Perm loUl) of that 
year wat merely aa. Information return aad did not provide any epaoe for 
tax coaputatlont. 

Although not re<iulred to do eo, meny taxable fldnclarlet alto filed 
Pora lOUl In 1936, In addition to the Income tax return on Itorm lOMo. 
In order to avoid duplication from the double filing of retumt, all 
fiduciary retumt of income (Tom 10l*l) which ehoved undlttrlbuted 
Income of more than H.OOO were eliminated from the tabulation of 
fiduciary retumt with dividend Income. 



Table I.- Dividends Received by Corporatlone, Individuals, and Flduclarlee. 1036i/ 
Classified by Size of Total Assets of Dividend Paying and Receiving Corporations, 
and by Size of Net Income of Dividend Receiving Individuals. 



(Amount* in thousand, of dollar.) 




B.tlaat.d en tb« *•»!• of corporat., IndlTl*!*!, and flSuolary 
tax r.turna for 13}6, 

Con.l.t. of IndlTldual. fllln* Iboom tux r»turn*. InoluM* 
approxlaat.ly 1118 ■llllon. of dlvld*nd Infloot reoelvad by ta»- 
abl* aatat*. aad truttt filln« IndUldual tnooM tax r«tttnil. 



gMludfls appro«tBBt»V ina BlUtenB of dividend ineoBP rooglyed 
to tB«hl. i»t»ta. ABd tru.tr ftUM tMlvldual Inoope t^x retu«i. 
CoDRlBt. Of individual, not filing ionoma tax rstwas. partaer- 
.hipB.and eorporation. axawpt fro« inoome ta»»tl9B, eto. 
Hot avai labia. 



Table II.- Percentage Distribution of Dividends Received 
by Corporations, Individuals, and Fiduciaries, 1030 i^ 

Classified by Size of Total Assets of Dividend Paying and Receiving Corporations, 
and by Size of Net Income of Dividend Receiving Individuals. 

(Percent) 



ClTidend 
recipients 



Total assets classes of dividend paying corporations 
(in thousands of dollars) 



Total 



Under 

50 



50- 

100 



100- 
250 



250- 

500 



Total assets clasBee 
of dividend receiving 
corporations (In thousands 
of dollars): 

Under 50 

50 - 100 

100 - 250 

250 - 500 

500 - 1,000 

1,000 - 5,000 

5,000 - 10,000 

10,000 - 50.000 

50,000 - 100,000 

100,000 and over 

UnJcnown 

Total 



Net Income classes 
of dividend receiving 
Individuals (in thousands 
of dollars): 

Deficit 

Under 1 

1 - 2 

2- 3 

3- 1 

■*- 5 

Total, under 5 

5 - 10 

10 - 15 

15- 20 

20 - 25 

25- 30 

30 - ho 

Mo - 50 

50- 60 

60 - 70 

70 - go 

go - 90 

. 90 - 100 

100 - 150 

150 - 200 

200 - 250 

250 - 300 

300 - MOO 

Hoo - 500 

500 - 750 

750 - 1,000 

1,000 and over 

Total 



100.00 
100.00 
100.00 
100.00 
100.00 

100.00 
100.00 
100.00 
100.00 
100.00 

100.00 



100.00 



100.00 

100.00 
100.00 

100.00 

100.00 
100.00 



100.00 

100.00 
100.00 
100.00 
100.00 
100.00 

100.00 
100.00 
100.00 
100.00 
100.00 

100.00 
100.00 
100.00 
100.00 
100.00 

100.00 
100.00 
100.00 
100.00 
100.00 
100.00 



100.00 



7. 81 

6.63 
5.3'* 

'a 

1.25 
.77 

.1*7 

.11* 

.18 

•13 



.50 



2.18 



1.83 
2.11 
2.83 

3.84 

3.63 



3.11 

3.7"* 

3.22 

2.56 

2.08 

1.76 

i.a 

1.02 
.8g 

.94 
.37 

• 32 
.'♦7 

.54 



.03 
•03 

.59 

.08 

.05 

.01 



1.97 



500- 

1.000 



1,000- 

5.000 



5,000- 

10.000 



10,000- 

50,000 



50,000- 

100.000 



100,000 
and over 



Corporations 



6.39 
5.58 
3.20 

1.57 

1.11 

.50 

.21 

.10 

.57 



■» 



6.3U 
l.Sk 
6.52 
8.86 
9.11 

'*.73 
3.16 

1.38 
.81* 
■ 38 

• 51 



1.56 



7.55 

U.56 

3.88 

13.16 
10.08 

6.22 
3.9I1 
2.28 

.83 
.60 

.86 



2.05 



g.56 
10.77 

5.25 

12.07 

9.97 

8.I40 
6.11* 
3-57 

1.1*2 
1.16 

3.83 



3.06 



2p.U5 

llt.62 

7.95 

18.1*2 
20.56 

25.22 

2U.72 

19.66 

5.88 

6.2g 

6.g6 



11.82 



6.1*2 
13.91* 

2.!*1* 
10.36 

5.58 

10.56 

16.22 

10.37 

5.26 

3.19 

i*.69 



6.27 



Individuals 2/ 



2.1*1* 

1.90 
1.5^ 
2. 16 
3.01 
3.10 



2.50 

i*.30 
i*.oi 
3.97 
3.38 

2.61* 

1.7"+ 
•98 

.99 

l.Ol* 
•52 

.1*5 
• 53 
.50 

.06 

.90 
.21* 

.2U 
•03 
.07 
.05 



2.25 



'*.57 

i*.i*7 
3.5"+ 
i*.39 
5.25 

6.08 



U.90 

7.67 
9.69 
9.52 

8.48 
8.23 

6.55 

5.29 
l*.3g 

2".U1* 

2-53 

1.82 

i^5'* 
1.05 

1.80 

.g2 
2.31 

1.89 

•90 
.98 

.01 



5.51 



i*.7i* 

3.73 
3.21* 
i+.oi* 

1*.21 
U.9I* 



U.I5 

6.11* 
7.98 

8.85 
9.1*2 

9.32 
8.60 

8.02 
7.05 
5.37 
3.31 

3.71 
3.68 

3.36 
1.1*1 
1.62 

.62 
1.29 
1.25 

.55 
.23 

.01 



5.65 



4.87 

3.1*9 
3.73 

ni 
5.51 



1*.1*2 

5.5"* 
7.12 

8.09 

8.62 

10.1*1* 

9.73 
9.69 

10.10 

7.36 
7.35 

7.91 
7.1*2 
3.73 

2.85 
3.83 

1.88 

2.11 

.71* 

1.10 

.29 

.25 



6.21 



18.1*0 
10.63 

9-51 

10.23 
10.21* 
12.18 



10.63 

12.1*8 
13.66 

ii*.73 
15.96 
17.06 

19.88 

22.80 
22.59 

?i*.7l 

21 .91* 

21.1*5 
20.96 
20.65 
22.71 
13.1*7 

7.01 
13.13 
12.61 

11.03 
it.6!* 
U.50 



15.51 



8.1*2 
5.55 

5.66 
1*.86 
i*.99 
5.2I* 



5.00 

5.09 
5.10 

5.81 

5-5'* 
5.1*5 

5.96 
7.41 
7.31* 
8.31 
8.52 

12.25 
9.93 

12.66 
11.58 
12.76 

11.19 

7. 81 
5.12 

1.38 



6.63 



9.96 
13.27 
51+.35 

8,36 
13.82 

17.23 

18.22 
32.86 

17.78 
21.15 

31.35 



22.67 



3-27 
6.39 
2.93 
3-72 
5.32 

5.49 
6.60 

9-15 
16. U3 
17-70 

31.11 



14.20 



17.20 

15.85 
15.96 
14.95 
15.19 
14.97 



15.25 

li*.58 
13.53 
13.38 

ll*.12 
13.62 

ll*.80 

11*. 1*5 
16.32 
15-93 
20.57 

16.73 
17.61 
20.65 
23.17 
24.03 

24.30 
21.51 
26.1*5 

19. 81 

35.31 
17.86 



16.30 



6.21 

8.51 

8.53 
7.90 

7.78 
7.00 



7.79 

7.17 
6.62 

6.23 

5. 80 
5.98 

6.31 

6.04 
5.96 
6.58 
8.12 

6.18 

5.96 
9.11 
8.99 

9.23 

11.20 
llt.i*4 
7. 08 
14.86 
11.62 
21.72 



7.72 



18. 25 
15-40 
8.14 
15^73 
18.38 

19^33 
19.12 
19.76 
51.21 
49.26 

20.09 



37-18 



30.97 

44.04 
47. 18 
44.65 

41.04 
37.35 



42.25 

33.29 
29.07 
26.86 
26.60 

25.50 

25.22 
24.30 
24.39 
26.40 
26.86 

28.47 
31.62 
27.26 
27.76 
33.06 

42.05 
37.13 
44.03 
41.25 
46.07 
54.21 



32.25 



Fiduciaries j/ 



Total. 



100.00 



.68 



.56 



1.69 



2.66 



4.02 



l4.o6 



6.74 



20.29 



7-98 



41.32 



1/ Estimated on the basis of corporate. Individual, and fiduciary- 
tax returns for 1936. 

2/ Based upon dividend receipts of Individuals and taxable estates 
and trusts filing Individual Income tax returns. 



y Basic data exclude dividend receipts of taxable estates and 
trusts filing individual income tax returns. 



Table III.- Percentage Distribution of Dividends Paid to Corporations 

and Individuals, 1936 ly 

Classified by Size of Total Assets of Dividend Paying and Receiving CorporatlonB, 
and by Size of Net Income of Dividend Receiving Individuals. 

(Percent ) 



Dividend 
recipient! 



Het Income olaBses 
of dividend receiving 
Individuals (in thonsande 
of dollars): 



Deficit. 



Under 1 . . 
i - 2.. 
2 - 3.. 



Total, under 3- 



10 ■ 

15 ■ 

20 ■ 
25 • 

^; 

70 

80 

90 

100 

150 

200 



10.. 
15. 
20. 
25- 
30. 

ko. 

50. 
60. 
70. 
80. 

90. 
100. 

150. 

200. 
250. 



250 - 300. . 
300 - UOO.. 

iioo - 500.. 
500- 750.. 

750 - 1,000.. 
1,000 and orer. 



Total. 



Total assets classes of dividend paying corporations 
(In thousands of dollars) 



Total assets classes 
of dividend receiving 
corporations (In thousands 
of dollars): 

Under 50 

50 - 100 

100 - 250 

250 - 500 

500 - 1.000 

1,000 - 5.000 

5,000 - 10,000 

10,000 - 50,000 

50.000 - 100,000 

100,000 and over 

Unknown 

Total 



Under 
50 



50- 
100 



100- 

250 



250- 
500 



500- 

1,000 



1,000- 

5,000 



5,000- 

10,000 



10,000- 

50,000 



50.000- 

100,000 



100,000 
and over 



2.00 

^2:^8 

12.56 

7.05 

21.06 

15-07 
33. '^3 

3.67 



100.00 



2.96 

2.73 

11.89 

12.93 

12.15 

18.73 
7.23 

13.27 
2.79 

\kM 

.86 



100.00 



1.68 
1.12 

3.29 

4.73 

U.72 



1.86 

i.oi* 
3-52 

6.36 

9.21 

8.68 



18.28 

12.79 
8.60 
6.58 
5. 18 

(^.17 

6.57 

U.81 
3. 80 
3.10 
2.33 

1.88 
1.69 
5.09 
2.83 
1.73 

1.08 
I.U7 
1.12 
1.68 
1.01 
2.53 



100.00 



28.81 

2U.25 

lit. 07 

8.55 

5.47 

3.73 

k.an 

Z.kS 

1.70 

1.1+8 

.■♦3 

:S 

l.UO 
.Ul 
.12 

.02 

.07 
.02 
.01 



Corporations 



2.51 

2.81 

7.39 

8.03 

12.9li 

2l+.lt8 

10.80 

ikM 

U.21 

8.51+ 

3.83 



100.00 



.92 

1.24 

5.58 

7.57 

12.02 

27.33 

iiM 

lit. 87 

6.25 

11.52 

1.26 



100.00 



.git 

.55 

2.53 

8.57 

10.15 

27. U2 
10.88 
18. 69 
It. 70 
14.04 

1.63 



.64 

.87 

2.30 

5.27 

6.73 

24.83 
11.36 
19.65 
5.40 
18. 09 

4.86 



100.00 



.'*9 

.31 

.90 

2.08 
3.60 

19.31 
11.83 
28.05 
5.80 
25.38 

2.25 



100.00 



.23 

.55 

• 52 

2.21 
1.84 

15.22 

14.63 

27.83 

9.76 

24.31 

2.90 



100.00 



.10 
.14 

3.21 
.49 

1.26 

6.86 
4.54 

24.40 
9.12 

44.52 

5.36 



100.00 



.05 
.11 

.28 
.35 
.77 

3.49 

2.63 

10.85 
13. '*7 
59-50 

8.50 



100.00 



Individuals 2/ 



1.82 

.94 
2.26 
4.25 
6.32 
6.50 



100.00 



20.27 
24.45 

15.35 

11.59 

7.78 

4.90 

5.09 

2.10 

1.68 

i.'*3 

-5^ 

:^ 

1.12 
.24 

.05 

.16 

.12 

.03 
.03 
.05 



1.39 
.90 

2.12 
3.52 
4.50 
5.20 



100.00 



16.24 

17.78 

15.12 

11.35 

7.97 

6.22 

7.81 
4.62 
3.02 
1.89 

1.03 

.86 

.56 

1.42 

.56 

.16 

.62 

-39 
.27 

.18 



1.41 

.73 
1.89 
3.16 
3.52 

It. 12 



100.00 



13.42 

13.90 

12.15 

10.30 

8,63 

6.88 

9.99 

6.83 
4.73 
2.94 
1.36 

1.23 

1.10 
3.02 

•71 

.'♦9 

.12 
.33 

.25 

.16 

.04 
.01 



1.31 
-63 

1.98 

2.84 
3.39 
4.18 



100.00 



13.02 

11.41 
9.86 
8.57 
7.19 
7.01 

10.29 
7-51 
6.17 
3-67 
2.76 

2.39 
2.01 
3.05 
1.30 

l.'07 

.33 
.50 
.13 
.30 
.05 

.10 



1.99 

.76 
2.02 
2.92 
3-12 
3-70 



2-13 

.93 
2.32 
3.24 

3-57 
3-73 



100.00 



12.52 

10.29 
7.58 
6.24 

5-33 
4.59 

8.42 
7. 08 
5-53 
4.94 
3-30 

2.60 

2.28 
6.77 
4.15 
1.50 

1.25 
.92 

1.19 
.30 

.7'* 



1.77 

1.08 
3.23 
4.06 
4.41 
■+.33 



100.00 



13.79 

9.83 
6.62 
5.77 
4.34 
3.43 

5.91 
5.38 
4.21 
3.88 
3.00 

3.'»7 
2.53 

^[96 
3.33 

1.82 

1.7'* 

.87 

2.63 

.11 

.53 

100.00 



1.35 

It. 52 
4.77 
4.27 



17.11 

11.44 
7.1'* 
5.40 
4.49 
3.49 

5.96 
4.27 
3. 80 
3.03 
2.94 

1.93 
1.82 
6.45 
4.03 

2.55 

1.61 
1.94 

1.82 
2.04 
2.20 
2.77 



100.00 



18.43 

11.86 
7.37 
5.30 

3.89 

3.23 

5.36 
3.77 

2.45 
1.50 

1.30 

6.01 

3.30 
2.07 

1.57 
2.76 
1.03 

3-23 

1.53 

7.12 



100.00 



.11 

.10 

.56 

1.02 

4.70 

2.91 

8.94 

l6.o4 

63.23 

2.10 



100.00 



1.61 

1.52 

4.82 

6.13 

6.02 

5.46 



23.95 

13.20 

7.75 

5.48 
4.28 

3.30 

5.14 

3.63 

2.87 

2.54 
1.94 

1.66 
1.65 
4.30 
2.44 

1.77 

1.41 

1.70 
1.53 

2.15 

4.25 



100.00 



• Less than .OO5 percant. 

1/ Istlmated on the hasls of corporate. Individual, and fiduciary 
tax returns for 1936- 



2/ Based upon dividend payments to Individuals and taxahle 
estates and trusts filing individual tax returns. 



Estate Tax In the United States, United Kingdom, and Canada 
Effective Rates, January 1, 1943 jy 



The following 
estates of selected 
Kingdom, and Canada 
to the net Federal 
been added to the 
Kingdom only the 
These calculations 
tate is divided equ 



table and chart show the taxes due on 

slies In the United States, the United 

The New York State tax has been added 

tax, and the Ontario Provincial tax has 

Canadian Dominion tax; In the United 

central government Imposes death taxes. 

are based on the assumption that the ea- 

ally between a widow and one adult child. 



In the United States the Federal Government grants each 
estate a specific exemption of J6o,000; In Canada under the 
Dominion law the exemption varies according to the number of 
heirs and their relationship to the decedent, from J20,000 
for a widow to a minimum of $1,000 per heir with no tax 
levied If the estate Is less than 15,000. There Is no 
specific exemption In the United Kingdom, but estates of 
less than ikoo are not subject to tax. 2/ 

The three countries employ somewhat different types of 
rate schedules. The United States Imposes bracket rates, 
each rate applying only to the amount of property In a 
single bracket. The United Kingdom employs totality rates; 
a single rate, determined by the size of the total estate, 
Is applied to the total amount of property subject to tax. 
Notch provisions prevent a small difference In the size of 
an estate from meiklng a greater difference In the amount of 
tax. The Canadian tax also Imposes totality rates. These 
rates however rise very gradually and notch provisions are 
not needPd. With certain exceptions In the lower brackets, 
two sets of totality rates apply to each Inheritance; one 
rate Is detennlned by the amount of the total estate, the 
other by the size of the Inheritance and the relationship. 

In the United States transfers of property at death are 
taxed also by all of the States, except Nevada. The Federal 
Government allows the estate to credit against the Federal 
liability payments of state death taxes In amounts not ex- 
ceeding 80 percent of the tax due under the Federal Act of 
1926, which Imposes rates ranging from 1 to 20 percent. In 
Canada all Provinces Impose death taxes, but the Dominion 
allows no credit for Provincial death taxes. In the United 
Kingdom the smsiller Jurisdictions have no death taxes. 
However, the central government Imposes In addition to the 
estate duty, which la the major death tax, a legacy and 
succession duty which varies with relationship. In recent 
years this latter tax has averaged about I.9 percent of 
total estates. 

International comparisons of the taxes Imposed by 
different Jurisdictions on the transfer of property from one 



generation or one person to another are subject to several 
limitations. The significance of some factors cannot be 
readily appraised, and It Is difficult to summarize and 
generalize about others. 

Variations In the treatment of gifts made before death 
are especially significant. The United States and Canada, 
but not the United Kingdom, Impose gift taxes. In the United 
States the gift tax rates are nominally three-quarters of 
the estate tax rates. The United States gift tax Is cumula- 
tive; all gifts (except philanthropic gifts and simounts 
exempted and excluded from the base) made since June 6, 1932, 
are added to determine the bracket or brackets In which the 
current year's gifts are taxable. The Canadian gift tax Is 
not cumulative; Its rates are higher than the death tax 
rates. In the United States there Is a presumption that 
outright gifts made within two years of death are to be 
Included in the estate (credit being given for gift tax 
paid), but the presumption Is not conclusive, and many such 
gifts as well as a large part of those made more than two 
yeeu^s before death are In fact not subjected to the estate 
tax. In the United Kingdom non- charitable gifts made within 
three years (and charitable gifts made within one year) of 
death are Included In the estate; In Canada gifts made 
within three years of death are Included In the estate 
(credit being given for gift tax paid). In all three coun- 
tries gifts on which there are certain legal restrictions 
are included In the estate when outright gifts are excluded. 

The tax bases are generally similar, but there are 
Important differences other than the exemptions and treat- 
ment of gifts already noted. The United States law, for 
example, permits unlimited deduction of bequests to a wide 
variety of religious, charitable, educational, and other 
non-profit organizations, whereas the law of the United 
Kingdom grants virtually no deduction, and the Canadian law 
limits the deduction to one-half of the estate. The United 
States also allows more generous credit than the United 
Kingdom for "property previously taxed", that is, taxed 
recently in the estate of another decedent. Canada grants 
no such credit. Property subject to certain legal restric- 
tions, such as powers of appointment and family settlements, 
is covered more thoroughly by the United Kingdom than by the 
United States law. The Canadian law also appears to provide 
stricter treatment, although the full meaning of the statute 
awaits further interpretation. The United States allows the 
executors to choose between valuation of the assets of the 
estate as of the date of death or a date one year later (or 
if distributed in the meantime at the date of distribution); 
neither the British nor the Canadian law provide such option. 



Het satate before 
specific exemption 

( In thoasandB of dollars) 



10.. 
20.. 

Uo.. 

60.. 

80.. 
100.. 
200.. 

itoo. . 
600.. 

800.. 
1,000.. 
2.000.. 
It.OOO.. 

6,000.. 

10.000., 
20,000.. 

Uo.ooo.. 
60,000.. 

100,000., 



ikjgotint of tax 1/ 



United States, 
inclttdl&£ 

New Tork State 
estate tax 



$ 150 

350 

2.150 

5.550 

33,750 

96.950 

163.950 

236,150 

312.550 

751.850 

1.873.650 

3.226,1*50 

6,310,250 

lit,Ii09,U50 

30,609,1*50 

1*6,809,1*50 

79. 209.'* 50 



United Kingdom 
2/. 2/ 



$ 1*00 

800 

2,000 

1*,920 

8,1*80 

11,800 

35.600 

102,800 

177,600 

257,600 

31*8,000 

852,000 

2,016.000 

3,336,000 

6,600,000 

13.200,000 

26,1*00,000 

39,600,000 

66,000,000 



1/ AssuBlng equal division of estate between widow and one adult child. 
The Canadian tax Is technically a succession, not an estate, tax. 



Canada, 

including 

Ontario Provincial 

succession tax 



$ 61* 

207 

973 

3,006 

5.272 

8,071 

3U.271 

93,l'*7 
156,861 
23t.55l 
318. 991 

837.281 

1.977.861 
3,1*1*3,651 
6,026,1*50 
12,066,1*30 
21*, 136, 1*30 
36,206,1*30 
60,31*6,1*30 



Iffeottve rates 1/ (Percent) 



United States, 
including 

New Tone State 
estate tax 



0.1* 
0.6 
2-7 

5.6 
16.9 

2U.2 
27.3 
29.5 
31.3 
37.6 
1*6.8 

53.8 

63.1 

72.0 

76.5 

78.0 

79.2 



United Kingdom 
i/ 



1*.0 

i*.o 
5.0 

8.2 
10.6 
11.8 
17.8 
25.7 
29.6 
32.2 
3l*.8 
1*2. 6 

50.1* 
55.6 

66.0 
66.0 
66.0 
66.0 
66.0 



2/ The pound has been converted at the rate of $l+.00. 
2/ Includes legacy and succession duty. 



Canada, 

Including 

Ontario Provlnlcal 

succession tax 



0.6 

1.0 

2.1* 

5.0 

6.6 

8.1 

17.1 

23.3 

26.1 

29.3 

31.9 

1*1.9 

1*9.1* 

57.'* 

60.3 

60.3 

60.3 

60.3 

60.3 



o 



CO 



o> 



i 



0-. 

a 
o 









« 



CO 
UJ 



(O 



LJJ 



i. 




SUMMARY OF FISCAL STATISTICS 



-9- 




— "^-— .-T 



'-'■■>:-y>. 



::-ss 



10 



Budget Receipts and Expenditures 

(In mlllloni of doUar*) 



Bacalptt: 

Internal reTenue: 

Income end profit! tajcee 2/ 

Xsployvent taxes 

Mltcellaneou* InternaJ. reTenue ^ 

Cuitome 

Other receipt* 



Total receipts. 



Leie: 



Aaoonte transferred to Jederal Old-lgo 
and SurrlTors Insnrance Trust Fund j*/ 

Post-war credits for excess-profits tax 
Tlctory tax, etc 



let receipts. 



I^Mndltures: ^ 
Var activities: 

War DepartBent 

IaT7 Department 

Miscellaneous var actlrltias 

Total war actlTltia* 

Veteran*' Idminlstratlon 6/ 

Public Works 1/ 

kid. to agriculture 8/ 

Social Seeurlt7 proeraa 10/ 
Direct and work relief: 

Work Project* Administration and 

Hational Touth Administration 11/ 
Federal iiiiergency Relief Administration 

and ClTll Works Administration 
ClTllian Consorration Corps 
Interest on the public debt 
Other 12/ 

Total expenditures 5/ 

Het budget deficit 5/ 




Source: 



Dally Treasury Statements, except ae noted. 

Estimates ae shown in the I9IA Budget. Does not Include pro- 
posal for $16,000,000,000 additional funds from new legislation 
for the fiscal year I9UU. 
Includes unjust enrichment tax. 

Includes chiefly alcoholic bererage taxes, tobacco taxes, manu- 
facturers' and retailers' excise taxes, and estate taxes. 
For explanations, see tables in next chapter on Social Security 
program . 

Excludes expenditures for public debt retirements which are charge- 
able to the sinking fund, etc. under special proTisions of law. 
Includes expenditures classified as transfers to trust accounts, 
etc., for the Adjusted Serrice Certificate Fund and the Hational 
Service Life Insurance fund. . 

Includes Public Works transactions classified a* EevolTlng runds (net) 



8/ 



2/ 
10/ 

11/ 
12/ 



Includes Aid to agriculture transactions classified as HeTOlving Funds 

(net), expenditures of the Department of Agriculture classified as 

Departmental in the Dally Treasury Statement, and Agricultural 

Marketing Administration transactions classified as transfer* to 

trust accounts, etc. 

Represents gross expenditures of $1,252 millions less repayment* of 

D. S. Investments in capital funds aggregating $315 millions. 

Includes expenditures classified as transfers to trust accounts, etc. 

for the Railroad Retirement Account and the Railroad Dnemployment 

Insurance Administration Fund. 

Beginning July 191*2 expenditures for National Touth Administration 

are shown under War activities. 

Includes departmental expenditures not otherwise classified and 

expenditures classified as transfers to trust accounts, etc., for 

Oovernment employee retirement and insurance funds. 



'•tv*.^ 



11 



Public Debt and Guaranteed Obligations Outatandlng 



gecurltlea l»»tied by th« gnlt»d St»t«« 



Intarest-bearlo£ dabti 
Pabllo la*a«i: 

Marketable 

Hon-narketsbla 

Total pablle iaauaa 

Special isaoea 

Total intareat-bearinc dabt. 



Matured debt and debt bearlac bo 
intereat 



Total pablle debt oatatandlsc. 



Beevirltlea goarantaed by the 
Onlted Statea 3/ 

Intereat-baariac debt: 

Pablle laaueat 

Marketable 

lon-aarketabla 

Total interaat-bearin^ debt. 



Matured debt 

Total guaranteed aeenrltiea outatandlag 



(In milllona of dollara) 



Ind of flrat 6 aontha 
flaeal year a 19U1 to 19113 



Dae. 31, 
19110 



Total pablle debt and guaranteed 
eeeurltlee outatandlMT 



35.6it5 
3.W* 



39.089 
5.370 



itU.Ugs 
566 



U5,025 



5.901 



5.901 
15 



5.917 



See. 31, 

igin 



Dae. 31, 
191*2 



1*1. 562 
8.907 



50.1*69 
6,982 



57.U51 

U87 



57.938 



6.317 



6.317 
7 



6.321* 



76,1*88 

21,788 



98.276 
9.032 



107. 308 
862 



108,170 



l*.196 
87 



1*,283 
18 



1*,301 



Ohai\^ 
Dee. 31, 

19l»l to 
Dee. 31. 

igUa 




+31*. 926 

+12,881 



f 1*7,807 

■t-2,050 



♦1*9. 857 
+375 



♦50. 232 



-2,121 
♦87 



-2.031* 
♦11 



-2, 023 



Ind of flaeal year a, 19lK> to 191*1* 



Actual 



June 30, 
191*0 



Source: Dally Treasury Statement, except aa noted. 

1/ Baied upon Bud^t estlmatea rerleed aa of October 3, 19U2. 
2/ Details not available. 



ttane 30, 
191*1 



3i*,i*36 

3.166 



37.602 
'*.775 



'12.376 



591 



1*2,968 



5.'t98 



5.1*98 
31 



5.529 



37.713 
'».555 



June 30 
191*2 



Istlaated 1/ 



1*2,267 
6,120 



1*8.387 



571* 



1*8,961 



6.360 



6.360 
11 



6,370 



50.573 
13.510 



61*. 083 
7.885 



71.968 



1*51* 



72.1*22 



i*.5»»9 



i*,5i»9 
20 



"♦.ses 



<Tune 30, 
191*3 



June 30, 
191*1* 



2/ 



2/ 



131*, 830 



3.910 



2/ 



2/ 



Change 



Actual 
June 30, 191*2 
to estimated 
June 30, 191*3 



Istimated 
June 30, 191*3 

to estimated 
June 30, 191*1* 



210,51*9 



1.195 



211,71*5 



2/ 



2/ 



+62, 1*08 



if 



2/ 
2/ 



-658 



♦61,71*9 



2/ 



♦75. 719 



2/ 



2/ 
2/ 



-2.715 



♦73.005 



^ Sicludes guaranteed eeeurltlee \bleb were aold directly to the 
Treasorjh 




III! 



Means of Financing Cash Requirements 

(In Bllltona of dsllars) 





first 6 montlis 
fiaoail years 191*1 te 1943 




Coqaete fleeal years. 


191*0 to 191*1* 




Actual 


Istlmated 1/ 


191*1 


I9iu 


19'13 


I9IK) 


191*1 


191*2 


191*3 


191*1* 


Amount required to be flnanoad: 

Het budget deficit 2/ 

Vet Increase in Oeneral Tond balance 

Bet e:q)enditures in trust aeee«ats. 
increment on gold. etc. j/ 

Total amount reared to be flnanaad 

Means of financing: 

Increase In public debt 


2.Z16 
38 


7.317 
927 

733 


27.337 
7.552 

858 


3.611 


5.103 
7H2 


19.598 
358 

3.506 


57.1*56 
5.053 


71.01*3 
i*.739 


2,251* 


8.977 


35.71*7 


3.611 


5.99'» 


23.1*61 


62,510 


75.782 


2.057 
197 


8.977 


35.71*7 


2.528 

91*7 

136 


5.99^* 


23.1*61 


62,1*08 
102 


75.719 
63 


Het decrease in Oeneral Taud balaaoe 

Het receipts in trust aoeouats. 

increment on gold, etc. j/ 

Total aooTint financed 


2,251* 


8.977 


35.71*7 


3.611 


Sf??"* 


23.1*61 


62.510 


75.782 


ft^.,. n . ■. - 



1/ Based upon estimates as shown in the l^Uk Budget. 
2/ Ixcludes amounts for public debt retirements which are charge- 
able to the sinking fund, etc. under special proTlsions of law. 



2/ Comprises trust accounts, checking accounts of Ooyemment agencies, 
etc.. Increment on gold, seigniorage on sllTer, and miscellaneous 
funds and accounts. Increment on gold excludes expenditures for 
national bank note retireDsnts. 



RECEIPTS AND EXPENDITURES 

AND 
APPRO PRI AT IONS 



-13- 



13 



Appropriations and Net Contract Authorizations for the War Activities Program 

As of December 31, 1942 ij 



Date 
approved 



Mar. 25. 

Apr. 18. 
May lU, 
Jvine 11, 
June 13> 
June 18 , 
June 2h, 
June 26, 
June 2S, 
June 27, 
July 18, 
July 19, 
Sept. 9. 
Sept.al*, 
Oct. 8, 
Oct. 9, 
Oct. lU, 



igUo 
mho 
191*0 
igiw 
19U0 
igiw 
19U0 
i9ifo 
191+0 
191*0 
19U0 
19U0 
191+0 
iqi+C' 
191+0 
191+0 
191*0 



Public 
Law No . 



1+1*2 
1*59 
508 
588 
611 

61*0 

653 
667 

88 i/ 
668 
91* i/ 

757 
781 
99 i/ 

800 
812 
1062/ 



Title of act 

76th Congreas, Third Session 

Treasury Department Appropriation Act , 191+1 

Independent Offices Appropriation Act , I9U1 

Department of Justice Appropriation Act. 19I+I (Title III) 

Navy Department Appropriation Act, I9I+I 

Military Appropriation Act, I9I+I 

Interior Department Appropriation Act. I9I+I 

War Department Civil Appropriation Act , 19I+I 

Civil Activities National Defense Appropriation Act. I9I+I 

Qnergency Relief Appropriation Act. I9I+I (Refugee Relief) 

Second Deficiency Appropriation Act . I9I+O 

Public Resolution (War Risk Insurance Fund) 

Public Law (Naval expansion program) 

Second Supplemental National Defense Appropriation Act, 19I+I 

Public Resolution (War Department - Military Posts and Acquisition of Land). 

Third S\q)plemental National Defense .^jpropriation Act , I9I+I 

First Si^plemental Civil Functions Appropriation Act, 191*1 

Public Resolution (National Defense Housing) 

Total , 76th Congress , Third Session 

77tb Congress, First Session 

Public Law (Maval expansion program) 

Joint Resolution (Emergency Ship Construction) 

Joint Resolution (Clothing and Equipage - War Department) 

Urgent Deficiency Appropriation Act, 191*1 

Fourth Si^plemental National Defense J^propriation Act, I9I+I 

Defense Aid S\9plemental Appropriation Act, 191*1 

First Deficiency Appropriation Act, 19I+I 

Independent Offices Appropriation Act , I9I+2 

Fifth Supplemental National Defense Appropriation Act, 19I+I 

Navy Department Appropriation Act , I9I+2 

War Department Civil Appropriation Act , igUS 

Additional Urgent Deficiency Appropriation Act, igl+l 

Treasury Department Appropriation Act, 19I+2 

Departments of Justice. State and Commerce Appropriation Act, I9I+2 

Interior Department Appropriation Act ■ 19I+2 

Military impropriation Act , 191+2 

Labor - Federal Security impropriation Act, I9I+2 

Second Deficiency Appropriation Act , I9I+I 

First Supplemental National Defense .^propriation Act , 191+2 

Second Supplemental National Defense Appropriation Act, 191+2! 

(Title I ) 

(Title II) 

Third Siqjpleraental National Defense ^propriation Act, I9I+2 

Joint Resolution (War, Philippine Relief, and Defense Housing) 

Total, 77th Congress, First Session •• 

(Continued on following page) 



impropriations 



53.965.035 

11+9,500.000 

2,1+88,000 

1,308.171.138 

1.1*99.323.322 

1+95.000 

15.000,000 

1,1+71+, 901, 057 

50,000,000 

17,656,900 

1*0,000,000 

2,U97.oi6,392 
338,263,902 

1,323,1+11+, 082 

11+8,821.000 

75,000.000 



$ 8,99l+,015.828 



Net contract 
authorliations 2/ 



$ 3,287,726,699 rU/ 
1+7,000,000 kj 



t 3 ,331*. 726. 699 r 



Jan. 31, 

Feb. 6, 

Feb. 13, 

Mar. 1, 

Mar. 17. 
Mar. 27. 
Apr. 1, 
^r. 5, 
Apr. 5. 
May 6, 
May 23, 
May 2l+, 
May 31, 
June 28. 
June 28. 
June 30, 
July 1 , 
July 3. 
Aug. 25, 
Oct. 28. 



191+1 
I9I+I 
191*1 
I9UI 

I9I+I 
I9I+I 
191*1 
191*1 
191*1 
I9I+I 
I9UI 
I9I+I 
I9I+I 

191+1 
I9UI 
191*1 
191*1 
191*1 
I9I+I 
191+1 



Dec. 17, 191+1 
Deo. 23, 19I+I 



1+ 
5 

6 

9 

13 

23 

25 
28 
29 

1*8 
71 

73 

88 

135 
136 
139 

11+6 
150 
2i+7 
282 

353 
371 



$ 1+00,000,000 U/ 



$ 313.500,000 


- 


175,000,000 


- 


6,0U7,775 


- 


1.376,1+61+, 602 


58,000.000 kJ 


7,000,000,000 


- 


llU,U5S,i+68 


- 


399.360,000 


- 


2,293.227.920 


- 


3.1+15.521.750 


- 


37.920,370 


1+5.596.528 


168.556.000 


- 


62,193.150 


- 


129.227.750 


- 


2,035,000 


- 


10,384,821,621+ 


" 


173,168,500 


- 


998,391+, 561 


- 


6,580,012,1+1*« 


- 


5,985,000.000 

159.005,585 


- 


9.112,021,91*7 


2U1+,000,000 


510,000,000 


- 


$1*9.396.1*37.1*50 


$ 71*7.596.528 



ih 



ApproprlatlonB and Net Contract Authorizations for the War Actlvles Program 
As of December 31, 1942^- (Continued) 



Sate 
approTed 



Public 
Law No. 



Title of act 



77th Coogreee, Secood Seeelon 



Jan. 30, IS^ 
reb. 7. 19te 
feb. 12. 19>*2 
Tab. a, 191*2 
Mar. 5. 19'»2 
Apr. 28, 191*2 
Apr. 28. 191*2 
June 5. 19'*2 
June 19. 191*2 
June 23. 191*2 
June 27. 191*2 
July 2. 191*2 
July 2. 191*2 
July 2. 191*2 
July 2, 191*2 
July 2, 191*2 
July 2. 19U2 
July 2, 191*2 
July 25. 191*2 
tag. 6, 191*2 
Oct. 26. 191*2 



U22 
Ul*l 
1*52 
1*63 
1*71* 

527 
528 
572 
616 
626 
630 
61*1* 
61*5 
61*6 
61*7 
61*8 
61*9 
650 
678 
700 
763 



Fourth Supplemental National Defense Appropriation Act, 19l*2 

Haral Appropriation Act . I9U3 ^ 

Joint Resolution ( Plnanclel Aid to China) 

First Deficiency Appropriation Act , 15l*2 

Fifth Supplemental national Defense Appropriation Act. 191*2 

War Department Civil Appropriation Act . 19l*3 

Sixth Supplemental National Defense Appropriation Act, 19l*2 

Joint Resolution (War Elsk Insurance Fund) 

Joint Resolution (Education and Training) 

Seventh Supplemental National Defense Appropriation Act, 19U2 6/... 

Independent Offices Appropriation Act , I9U3 

Departments of Justice. State and Commerce Appropriation Act. 19'*3- 

Department of the Interior Appropriation Act. I9U3 

Public Law ( Federal Works Agency - Public Roads) 

Labor-Federal Security Appropriation Act. 191*3 

Second Deficiency Appropriation Act, 191*2 

Military Appropriation Act. 191*3 

War Housing and Public Works Appropriation Act. 19l*2 

First Supplemental National Defense Appropriation Act, 19l*3 

Public Law (Public works-Navy) 

Second Supplemental National Defense Appropriation Act, I9U3 jj 



Total, 77th Oongrese, Second Session. 



Summary 



Total. 76th Congress. Third Seeelon 

Total. 77th Congress, First Session 

Total. 77th Congress. Second Session 

permanent appropriations 8/ 

Net transfers from other than war activities appropriations 2/. 



Total. 



Liquidations of 19l*0 and prior contract authorizations. 
Total approved 



Appropriations 



Net contract 
authorizations 2/ 



$ 12,525.872,1*71* 

23.738.865,1*71* 

500.000,000 

135.203.321 r 

30,1*12.737,900 

57.886,985 

18,932, 121*. 093 

210,000,000 

9,500,000 

655,071*, 71*0 

1,052,812,001* 

261,908,180 r 

8,977.370 

227.726,861* 

io,Ui5,o78 

1*2,820,003,067 

32,500,000 

1.8U5, 2311,990 

6,299,361,1*1*8 



$139,736,203,988 r 



$ 1*. 670, 000. 000 kj 
2.298.925.617 

150.1*00,000 U/ 



3,112,500,000 y 
90,000,000 



110,000.000 



97U.63i*,ooo 
9.510.000.000 hf 



$20,916.1*59,617 



$ 8.99U.015,828 

1*9.396,1+37.1*50 

139.736.203,988 r 
39. 965. 261* r 
38.760.192 r 



$198,205,382,722 r 
-1*67,872.81*6 



$197,737,509,876 r 



$ 3, 331*, 726, 699 r 
71*7,596.528 
20,916.1*59.617 



$2l*.998.782,8ltl» r 



$21*. 998, 782, 81*1* r 



r Revised. 

1/ Consists of appropriations and net contract authorizations available on 
and after July 1, I9U0. Does not Include authorizations of the Recon- 
struction Fliiance Corporation and Its subsidiaries for war purposes. 

2/ Contract authorizations have been reduced by later appropriations which 
were earmarked In authorizing acts for this purpose. 



3/ Public resolution number. 



U/ Unappropriated contract authorizations for the naval expansion program 

are as follows: 

Public No. 781 $ 1*7.000.000 

^ 1*00.000.000 

151............... (Estimated) 3,267,726,699 r 

U 58,000.000 

ljl+1 I+, 170.000.000 

^Zt 100,000.000 

626 (Estimated) 2,962, 500,000 

763 (Estimated) 9,510,000,000 

$20,535,226,699 r 



^ Includes $9,693,525,500 appropriated and $1+, 170,000, 000 contract 
authorizations for the fiscal year 191*2. 

6/ Includes $650,000 for the fiscal year I9UI and $209,1*1*0.000 for 
the fiscal year I9U3, of which $1*40.000 was made Immediately 
avalleble. 

7/ Includer $7,851,1*60 for the fiscal year igUa. 

8/ Consists of actual appropriations for the fiscal years 1941 and 

191*2 and budget estimates for the fiscal years 19l*3and 191*1*. This Item 
represents appropriptlons of receipts, the eicact amount of which 
Is not known until the end of each fiscal year. 

9/ Includes actual transfer of balances of the Bureau of Marine 
Inspection and Navigation from the Department of Conmerce to 
Coast Guard, Navy, In the amount of $1,153,801.79 In accordance 
with Executive Order 9083, dated February 28, igUS. Also includes 
$2,315,321.89 received as war contributions under authority of the 
Second War Powers Act, deposits of advance payments made by foreign 
governments to the Defense Aid Special Fund for the procurement of 
defense articles amounting to $30,523,3'*2-37. and deposits of 
$3,863,500.00 to compensate owners of foreign merchant vessels for 
vessels acquired by the United States Oovemment in accordance 
with section 902 of the Merchant Marine Act of I936. 



15 



Budget Receipts and Expenditures 
Table 1.- Summary by Major Classifications 



(Id Billions of dollar*) 



ritoal year 
or Boath 



Hocolpti 



OroM racalptt 



Total 
recsipta 



Intamal 
raTsnua 



II 



Cuatoaa 
II 



Othar 
raeaipti 



Lass not anounta 
tranaferred to 

Tadsral Old-Age 
and SuTTlTora 

Inaoranee Iruat 
fond hi 



Bat 
raeaipti 



Total 
axpandlturaa 



Eipandltvira* 1/ 



Oeoaral 

5/ 



War ac- 
tlTltlei 

1/ 



EavolTls^; 

fonda 

(nat) 

1/ 



Traoafera 

to truat 

accounts, 

ate. 

1/ 



Hat 
bud^at 
deficit 



8/ 



Public 
debt 

retlra- 
manta 

2/ 



1933 

W 

1935 

1936 

1937 

1938 

1939 

igw 

19^1 

19U2 

19Ul-Dacambar.. 
ISHS-January... 

Tabnuny. . 

March 

Iprll 

May 

June 

Jxay 

August . . . . 
Saptenber. 
October... 
■oTsmber. . 
December. . 



3,080 
3,116 
3,800 
C,ll6 
5.29"» 
6,2l« 

5.668 

5.925 

8,269 

13.668 

1,214 

6lU 

937 

3.5'*« 

732 

76U 

2.U9U 

79'* 
797 

2.528 

648 

830 

2.702 



1,604 

2.6U1 
3.278 

3.513 

4,597 
5.674 
5.161 
5.303 
7.362 
12.993 
1.159 

555 
879 
3. '♦93 
684 
708 

2,424 

742 
748 

2.476 
603 
784 

2.649 



251 
313 
343 
387 
486 
359 
319 
349 
392 
389 
33 

35 
27 
33 
32 
30 

28 
24 
22 
20 
24 
23 
24 



225 

162 
179 
216 
210 
208 
188 

273 10/ 

515 11/ 

286 rj/ 

22 
24 
31 
22 

16 

26 

42 

28 

26 

31 11/ 

20 

22 

28 



265 
387 
503 
538 
661 
869 

2 

36 

179 

1 

37 

201 

1 

47 

209 
1 

41 

229 

1 



2,080 

3.n6 

3,800 

4.116 

5.029 

5.855 

5.165 

5.387 

7.607 

12.799 

1,212 

578 

758 

3.547 

695 

563 

2.492 

747 

587 

2.527 
607 
601 

2,701 



3.864 
6.011 
7.010 
8,6t6 
8.177 
7.239 
8,707 
8,998 

12,711 
32.397 

2,542 

2.628 
2,629 
3.421 

3.753 
3.953 
'i.530 
5.160 
5.215 
5.931 
5.937 
6.363 
6.500 



2.981 
4.9O8 
5.900 
5.935 
6.437 

5.864 
7.221 
7.055 
6,215 12/ 
5.986 

682 
484 
412 
591 
467 
393 
700 

413 
312 
544 

401 
320 
654 



680 

531 
689 
900 
929 
1.029 
1.206 

1.657 

6.301 

26.011 

1.850 

2,104 
2,208 
2,809 

3.238 
3.560 
3.829 
4.498 
4,884 

5.384 
5.481 
6.042 
5.825 



74 

11 

204 

121 

92 

5li 

-136 12/ 
18 



-1 

-1 

1 



129 

77 

76 

1.820 

608 

225 
187 
232 
331 
381 

9 

42 

9 
22 
48 



249 

19 

5 
56 

3 
25 



1.784 
2,896 
3.209 
4.550 
3.149 
1,384 
3.542 
3.611 
5.103 
19.598 

1.329 

2,050 

1.871 

-126 

3.058 
3.391 
2.037 
4.413 
4.628 
3.404 

5.331 
5.761 
3.799 



462 
360 
574 
40J 
104 
65 
58 

129 

64 
95 
16 

3 

1 

15 

2 

2 
1 



Source: 
1/ 

K 

I 

2/ 

10/ 



Sally Treasury Statenents. 
Less than $500,000. 

Szclodes anounta for public debt retirement which are charge- 
able to the ainJclsg fund. etc. \uidar special provisions of law. 
Tor further details, see Table 2. 

7or further dataila, see chapter on Custom* Statistic* in 
December 1941 "Trsaaury Bulletin". 

Tor eiplanatioD *ae tables which follow on the Social Security 
prograa. 

Tor farther details, see Table 3* 
Tor further details, see Table 4. 

Tor farther detalla, see Table 5« Also see footnotes 4/ and J/* 
Total aipendltures less net receipts. 

Seprssents eipendltures for publlo debt retirements which are 
chargeable to the ainklng fund. ate. under special proTisions 
of law. 

Includes partial return of amounts paid to the Commodity Credit 
Corporation for the restoration of capital ii^airmant - 
$44 millions; and the retirement of Treasury InTestment in 
Tederal savings and loan association shares - $10 millions. 



11/ Includes reooverles of t^. S. investments in ospltal funda as 
follows: Eeconstruotion finance Corporation stoelc retired - 
$175 millions; federal Home Loan Bank stock (resold to Eeoon- 
structlon finance Corporation) - $125 millions; retirement of 
Treasury investment in federal savings and loan association 
shares - $10 millions; sale to Beoonstructlon finance Corpora- 
tion of bonds held by Public Works Administration - $9 mllliona. 

12/ Becelpts from capital stock aud paid-in surplus reductions that 
are available to bo reissued under existing law are not re- 
flected under receipts, but rather are included as negativ* 
items under e^enditures. During the fiscal year 194l, reduc- 
tions in capital in this manner were aa follows) tinder general 
eipendltures: Banks for cooperatives - $60 millions, and 
federal land banks - $100 millions; under revolving funds: 
federal farm Mortgage Coi^oratlon - $100 millions, federal in- 
termediate credit banks - $40 millions, and production credit 
corporations - $15 millions; a total of $315 Billions. 

12/ Includes $18 Billions in the flsoal year 1942 and $10 Billion* 
In the Bonth of September. 1942 representing partial return of 
aBounts paid to the Commodity Credit Corporation for restoration 
of oq)ltal iapairment. 



Table 2.- Analysis of Receipts from Internal Revenue^ 



(In Billions of dollars) 



fiscal year 
or Bonth 



Total 



laeoBa 

and 
profit* 
taze* 2/ 



Total 



Imployaent taae* 



Social eecurlty taze* 2/ 



federal Insurance 
Contribution* Act 
(Old-age Ineurance) 



federal Unemployoent 

Tax Act 

(Unemployment insurance) 



Carrier*' Taxing 

Act of 1937 

(Ballroad 

retlreaant) 



Hiacallanaou* 
internal 
revenue 



!i/ 



Agricultural 

adjuatment 

taxe* 



July 

Angnat .... 
Septeaber. 
October... 
■oveaber. . 
Deeeaber. . 



1,604 
2.641 
3.278 
3.513 
4.597 
5.674 
5.161 
5.303 
7.362 
12.993 
1.159 

555 
879 
3.493 
684 
708 

2,424 

742 

748 

2.476 

603 

784 

2.649 



746 
818 
1.099 
1.427 
2.163 
2,640 

2.189 

2,125 
3. '♦70 
7.960 

767 
133 

283 

3.083 



2,086 

273 

155 

2.126 
206 

199 

1.972 



253 
755 
74o 
833 
925 

1.186 

39 

53 

257 

46 

•♦3 

222 

40 

53 



48 

248 

47 



194 
514 
530 
6o4 
691 
896 

4 
39 

181 

3 

3? 
204 

4 

49 

212 

3 

44 

231 

4 



58 

90 

101 

108 

98 

120 

1 

13 

71 

2 

3 
9 
1 

3 
8 

1 

3 
9 
1 



150 
109 
121 
137 
170 

1 

u 

4a 

1 

9 
35 

1 

11 
36 

1 

8 

U3 



858 
1.470 
1.657 
2,010 
2.181 
2.279 
2.232 
2.345 
2.967 

3.847 

353 

369 
340 
364 

305 
270 
298 
416 
3fe 
309 

350 

337 
630 



353 

521 

77 



Souroei Dally Treaeuiy Statement*. 

■ La** than $500,000. 

1/ for further detail*, **e ebspter on Internal Revanua Statletio*. 

2/ Include* anju*t enricbaent tax. 



!t/ 



for the period prior to Septeaber 1939. the data in the 
oolunn* entitled federal Ineuranoa Contribution* Act and fed- 
eral Unemployment Tax Act repreeent collection* under Title* fill 
and IZ, raapsotlvely, of the Soolal Security Act. 
Include* ohlefly aloohollo beverage taxes, tobacco taxes, 
faoturer*' and retailer*' exDlia ta»i and •*tat* tax. 



16 



Budget Receipts and. Expenditures - (Continued) 
Table 3.- Analysis of General Expenditures 



(la alllloni of doU«r») 



nteal rear 
or BODth 




1933 

19y* 

1935 

1936 

1937 

1938 

1939 

ISW 

19U1 

19U2 

iglil-Decenber. . 

19U?- January. . 
Tebruary . 
March 

April.... 

M«r 

June 

I Jul7 

August.. ■ 
Septeaber 
October. . 

November. 
December. 



Total 



Tetarani' 
Adalnle- 
t rat Ion 



2 981 
U,908 
5.900 

5.935 
6.U37 
5. 861* 

7,221 

7.055 

5.986 

682 

U8U 
U12 
591 
U67 
393 
700 

U13 
312 

uoi 

320 

65U 



507 

557 
578 
5«1 
582 

557 
557 
553 
555 
i>6 

U6 

U5 
U6 
U6 
U7 
U7 

U7 
U7 
U6 

U9 
U7 
U7 



Public 
Vorki 

2/ 



U42 
5l»9 
679 
685 
803 

670 
900 
890 
715 
669 
58 

55 

m 

U7 

5"* 
51 
57 

5'» 
58 
5U 
59 
39 
52 



Aid to 
agri- 
culture 

2/ 



102 
U29 
930 
966 
988 

866 
1.237 
i.5'*6 

1,006 a/ 
1.091 

137 

133 

122 

lOU 

86 
86 

51 

7U 
U7 
97 
67 
83 
89 



Social 
Security 
prograa 

it/ 



18^ 

335 

392 
l»57 
SI'S 

3U 
56 
38 
33 
50 
51* 

12 
80 

U3 
22 
6U 
UO 
3U 



Dlraot and vork relief 



Vork Project! 
AdalnlttratlOD and 

Hatlonal Touth 
Adalnletratlon j/ 



i.2e* 
1.896 

1.U72 
2.2U0 

1,572 

1.37'* 

970 

77 
76 
79 

68 
61 



federal Xaereency 

Belief Adalnletra- 

tlon and ClTll Vorke 

Adalnlitratlon 6/ 



336 

1,513 

1.831 

U95 

-1 

k 

2 

1 



S 



Civilian 
Coniar- 

TatlOD 

Corpe 



lU 
332 
1*36 
U86 
386 

326 

290 

283 

257 

163 

15 

12 

12 

11 

10 

8 

7 

7 

5 

1 



-18 



Intereet 

on tha 

public 

debt 



Othar 

depart- 

Bantal jj 



757 
821 
7U9 

866 



357 
510 



Other 
general 
expendl- 
turee 8/ 



926 


1*81 


9M1 


517 


l.OUl 


5U6 


1.111 
1,260 


W 


232 


51 


32 


U6 


12 


1*5 


205 


51 


77 


UU 


19 
390 


s 


35 
7 


s 


22U 


52 


70 


U5 


28 


^5 


353 


U9 



278 
509 
283 
258 
223 
200 
191 
227 
216 
220 
lU 

27 
18 
17 
2U 
lU 
29 

19 
16 

12 
16 
11 
22 



Source: 



1/ 



if 



1/ 



h/ 



Dally Treasury Statements. 
Loss tl in $500,000. 

Includes public worlcB undertaken by the Veterans' Administration. ^ 

Additional expenditures; included In Table 5, for the Adjusted Serv- 
ice Certificate ?und and the National Service Life Insurance Fund 
iLCludes public buildings, public hlgh.ways (including forest roads 6/ 

and trails), river and harbor work and flood control, Tennessee 
Valley Authority, Tederel Public Housing Authority (formerly U. S. ]J 

Housing Authority), Reclamation projects and the Public Works 
Administration. Excludes certain expenditures for public works 
in connection with war activities by the Federal Works Agency, 8/ 

beginning July 191*1. Additional transactions are Included under 
revolving funds. Table 5. 

Comprises Agrlcultui-al Conservation and Adjustment Administration, 
Agricultural Marketing Administration, Commodity Credit Corpora- 
tion, yami Credit Administration, Tederal Farm Mortgage Corpora- 
tion, Federal land banks. Farm Security Administration, Farm 
Tenant Act, Rural Electrification Administration, and Department 
of Agriculture departmental expenditures. Additional transactions 
are included under Revolving funds. Table 5. 
Includes railroad retirement and railroad unemployment activities. 2/ 



Additional expenditures included in Table 5. For further details. 
see tables which follow on the Social Security program. 
Work Projects Administration was formerly Works Progress AdiSinlStration. 
Beginning with July 19^2, expenditures for the National touth Adfilhls- 
tratlon are shown in Table U. 

Includes expenditures of the Reconetructlbh Flnnftce Corporation for 
relief throu^ loans and grants to States, municipalities, etc. 
Excludes expenditures for the U. S. Maritime Commission, departmentll 
expenditures under the Social Security program and the Department of 
Agriculture departmental expenditures. 

Includes expenditures for the following; Office of Education, aild 
Public Health Service of the Federal Security Agency; refunds of 
taxes and duties by the Treasury Departmehti Post Office DepattS^fit 
postal deficiencies! the Panama Canal! Federel Housing Admlhistfatldhj 
and Treasury Department investments in Federal savings and loan asso- 
ciations. Also Includes expenditures for capital stock of the Federal 
Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal 
home loan banks, and Disaster Loan Corporation. The Federal contribu- 
tions to the District of Columbia (United States share) have been 
transferred to the classification "Transfers to trust accounts, etc.". 
Cross expenditures have been reduced $l6o mllllors representliig t*-* 
repayments of capital fimds by certain government agencies. 



Table 4.- Analysis of Expenditures for War Activities 

(In millions of dollars) 



Fiscdl year 
or month 



1933 

193'* 

1935 

1936 

1937 

1938 

1939 

19'w 

19U1 

191*2 

19Ui-D«eeabar. . 
19'*2-January . . . 

February. . 

March 

April 

May 

.Tuna 

July 

Au^tt. . .. 
September. 

October.. . 
November. . 
December. . 



Total 



680 

531 

689 

900 

929 

1,029 

1,206 

1,657 

6,301 

26,011 

1,850 
2.10U 
2.208 
2.809 

3.238 
3,560 
3.829 

U,U98 
U,88U 
5.38i» 
5,U81 
6,0U2 
5.825 



War 

Depart- 
ment 
1/ 



302 

2U3 

273 
383 
378 


350 
297 
U36 
529 

557 


U32 

U90 

667 

3.678 

U.070 


596 

673 

891 

2.313 

8,580 


1,072 


5U5 


1.282 

1.369 

1,1*32 


575 
581 
9U6 


1.59U 

1,850 

2,007 


1.101 

1,307 
1,309 


2,861 
2,875 

3.519 


1,103 
1,376 
1,291* 


3,1*17 
3.538 

3.770 


1.596 

1,1*78 
1,380 



Navy 

Depart- 



Mleeellaneous war aetivitle* 



Total 
miscel- 
laneous 
war ac- 
tivities 



29 
-10 
-21 
-12 

-6 

1 

lA 

99 

310 

3.362 

?33 
2U7 

258 

U30 

51*3 

1*02 
513 

53"* 
633 
572 

U67 

1.025 

676 



Agricul- 
ture 
Depart- 
ment 



696 

'*3 

63 

53 

105 

65 

80 
119 
90 
61 
91* 

51 

1*33 
21 



Federal 
Security 
Acenoy 



62 
111 

7 
7 
9 
8 



8 
28 

'I 

21 

16 

6 



Federal 
Works 
Agency 



Hatlonal 

Housing 

Agency 

if 



U5 
297 
29 
27 
19 
18 

82 
17 
21 

26 

1»2 
U5 
1*8 
50 
50 



Selective 
Service 

(adminis- 
trative) 



18 
33 

2 
2 

3 
3 



Treasury 
Depart- 
ment 



2U 
519 

52 

II 

63 
63 

83 
99 

95 
110 

102 

110 

81 

83 



United 

States 

Maritime 

Connlsslon 



29 
-10 

-a 

-la 

-6 

1 

kk 

99 

91 

929 

bg 

86 

95 

121 

98 

130 
190 

igU 
211 
ll*l 

1*6 
271* 
275 



War 

Shipping 
Adminis- 
tration 



132 



2 

16 
U2 
33 
39 

su 

99 
113 
111 

85 
127 



Aid 

to 

China 



SOD 



200 



Other 

war 

activities 

axpend- 

Itures U/ 



10^ 

zi 

2U 
26 
86 

29 

il 
1*2 
76 
56 

60 
68 
88 



Sorrcei Dally Treasury Statements. 

1/ Excludes Selective Service administrative expeneei. 

2/ Includes war public housing functions. 

"y Includes emergency ship construction, beginning March igUl. 



U/ Similar items for periods prior to fiscal year 19l*l are classified 
under Other departmental and Othar general expenditure! Id Table 3. 
Includes the Civil Aaronautict Adoinlstration and the Panaoa Canal. 



17 



Budget Receipts and Expenditures - (Continued) 
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust AccouiitG, Etc. 

(In mllllonB of dollars) 



riscal year 
or month 



1933- 
193U. 
1935- 
1936. 
1937. 
1938. 
1939. 
ig"*©. 
ig"*!. 



19Ul-X)eeeDl>er. 
igUs-January . . 

Febniary. 

March.... 



J^rll. 
May... 

June. . 



July 

*ugu«t .... 
September. 
October. . . 
November . . 
December. . 



BevolTlng funde (net) 1/ 



Total 



71* 
1*96 
3'*5 

11 

121 
92 

5"* 
-136 

18 



-1 

-1 

1 



-2 



Aid to 

agriculture 

2/ 



Public 
works 



i/ 



71* 
31+6 
lUl 
-33 
-18 
-13 

-8 

-6 

-159 6/ 

7 

-2 
-2 
-1 
-1 



IU9 
20U 

uu 

221 

I3U 
101 

59 
23 
11 



Total 



-2 
-2 



129 

77 

76 

1,820 

6O8 

225 

187 

232 

331 

381 

9 

1»2 

9 

22 

kg 

• 

1 

2l»9 

19 

5 
56 

3 
25 



Source: Daily TreaB\iry Statements. 
• Leae than $500,000. 
1/ Additional transaction* on Aid to agriculture and Public 

works are shown in Table 3. 
2/ Farm Credit Administration. 
3/ Public Works Administration. 
5/ Comprises Adjusted Service Certificate J\md and the National 

Service Life Insurance Tund, administered by the Veterans' 

Administration. 



Veterans' 
Adminis- 
tration 



hJ 



100 

50 

50 

1.773 

557 



10 
1 



Transfers to trust accounts, etc. 



Social 

Security 

program ^ 



IU6 
107 
121 
132 
11*5 



32 
32 



3'» 



Government 

employees' 

retlremest 

funds 

(U. S. share) 



21 
21 
21 
1*1 

1*7 
73 
75 
87 
93 
103 



Agricultural 
Marketing 

Administration 

(surplus commodity 

stamps) 



Federal 

contribution to 

District of 

Columbia 

(n. S. share) 



107 



18 

91 

126 

9 

10 

9 
22 

17 



19 
7 
2 

20 

23 



5/ Includes railroad retirement and railroad unemployment activ- 
ities. For further explanations see tables which follow on 
Social Security program. 

6/ Reflects reduction of expenditures through recoveries of in- 
vestments in capital funds of Oovernmental agsncles agereeat- 
ing $155 millions. -«5 e 



Table 6.- Totals by Months, Beginning with 1933 



Bet budget receipts 1/ 
1933 

isyi 

1935 

1936 

1937 

1938 

1939 

19&0 

19U1 

191*2 



Budget azpendituret 

1933 

193'i 

1935 

1936 

1937 

1938 

1939 

191*0 

19U1 

19U2 



Net budget deficit 3/ 

1933 

193^* 

1935 

1936 

1937 

1938 

1939 

191*0 

191*1 

191*2 



Jan. 



116 
211 
203 
228 
239 
29I* 
271 

315 

3'tO 
578 



272 
,695 

1*82 
521 
539 
1*92 
656 
712 
,111 



2,628 



156 

l*8l* 
279 

293 
300 
198 
385 
398 
771 
,050 



Souro*! Dally Treasury Stataoents. 

1/ Total rwsslpt* less net anounts 
Old-Age and Survivors Insurance 



Feb. 



112 
206 
21I* 
218 
230 
308 

Ul*lt 
5UI 

758 



2i*e 

63»* 

528 
1*80 

5^6 
i*7l» 
612 
668 
.075 



2,629 



13»* 

1*28 
31'* 
262 
316 
166 
2l»5 
22** 

53'* 
1.871 



(In BlllloDS of dollars) 



Mar. 



272 

1*20 
601 
752 
967 
916 
687 
799 
1,566 
3,5^7 



3^1 
573 
570 
636 
766 
705 

820 

822 

1.399 

3.1*21 



69 
153 

-l^S 

-200 
-212 
132 
22 
-167 
-126 



Apr. 



Ill* 
182 
228 
231 
318 
262 

30U 
565 
695 



61*3 
599 
631 
695 
631 
730 
783 
1.315 
3.753 



WO 
377 
369 
517 
1*79 
750 
3.058 



Miy 



157 
2V 
2U6 
256 
290 

■wo 

391* 
563 



527 
686 
51'* 
566 

l.lUl 
3,953 



166 
2U7 

281 
1*30 
22l» 

3^8 

2l*7 

71*7 

3.391 



June 



286 
391 
!*61* 
529 
828 
77"* 
557 
6l»9 
1.276 
2,1*92 



,693 
2,1*27 

1.253 
930 
895 

887 
1,528 
'*.530 



161* 

252 

230 

1,898 

1*25 
156 
339 
237 
252 
2.037 



July 



163 
218 
279 
291* 
367 
273 
265 

1*13 
7U7 



301 
611 
561 
656 
635 



Aug. 



818 
,598 

.160 



138 
393 

282 
362 
268 

'*5l 

1*99 

1*87 

1,185 

'*.'*13 



188 
286 
299 

1*12 
1*1*9 

Ui»7 
397 
587 



292 
561 
£*2U 
57'* 

6l*s 

nk 

706 

1.529 

5.215 



lOi* 
275 
125 
231 
105 
195 

1*02 
258 
.133 
623 



Sept. 



&1*9 
1*21 

1+99 
7'*7 
678 
676 
711 
1.135 
2.527 



31*2 
5l*U 
570 
676 
632 
718 
71*1 
759 
1,871* 
5,931 



21 

95 
li*9 
177 
-115 
1*0 
65 
1*8 

3,1*04 



Oct. 



256 
260 
235 
272 
292 
300 
279 

607 



537 
701 
632 
677 
565 
737 
721 
869 

2,083 

5.937 



281 
1*1*1 

U05 
273 

1*U2 

536 
1,637 
5.331 



Nov. 



209 
2U7 
231* 
233 
286 

36U 
362 

561* 

601 



361 
559 
1*89 
561* 
'*57 
61*6 
61*8 
817 
1.858 
6.363 



152 

312 
255 
331 
171 

296 

28l* 

U55 

1,291* 

5.761 



Dec. 



332 

III 
517 
823 
672 

521 
71*0 

1,212 

2.701 



507 

636 

607 

716 

635 

830 

832 

1,172 

2,51*2 

6,500 



175 

251 

173 
199 

-188 

157 

311 

1*32 

1.729 

3,799 



Total 



2,526 
3,1*92 
3.857 
'*.372 
5,798 
5,650 
**,918 
5,831* 

8,81*9 

16.1*03 



1*,38? 
7,281* 
6,682 
9,2l*l* 
7. 751+ 

8,097 

8,885 

9.657 
19.053 
56,020 



1,863 

3.792 
2,825 
U,872 

1,956 

2,1*1*7 

3,967 

3.823 

10,20l* 

39,618 



transferred to Federal 
Trust Fund. 



2/ Ixeludes public debt retlreeents. 
2/ Total ezpandltores leas net receipts. 



1« 



BUDGET RECEIPTS AND EXPENDITURES 



1940 



1941 



1942 




1937 



19 



Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc. 



Table 1.- Trust Funds 



nieal far 
or nonth 



1933 

1931* 

1935 

1936 

1937 

1931 

1939 

19lio 

i9>a 

I9>»2 

19Ul-DtatB««r.. 
19'^2-J>Buar7. . . 

Ta'brujirjr. . 

Haroh 

iftil 

Hajr 

■Tun* 

July 

itgiut,,,, 
■•pttmb«r> 
Oatebcriti 
VoTtabtr. . 
Stotabtr.. 



(Xn ■llllont of dollars) 



Total 

truit funds, 

not roeslpts (4') 

or nst sxpondl- 

turat (-) 



*e* 

♦3U 
♦19 
'fll 
•f29 
♦37 

*M 

-189 

*?° 
+1U7 

-172 

*U7 

♦181 

-S05 

♦55 

♦197 
-227 

♦60 
♦271* 
-290 



Fadaral Old-Ac* and 

SuTTlTors Insuranca 

Trust Fond 



lot 



fl 
*l 
♦3 
♦10 
♦9 

-207 

+37 

♦135 

-171 

+37 
+177 
-8« 

♦193 
-229 

♦1*2 
♦227 
-273 



Bacstpts 



267 
lt02 
530 
580 

''V 
91*0 

2 

37 
179 

1 

37 

202 

70 

U7 

210 

1 

kz 

229 
8 



Ixpendl' 
turaa 



267 
UOl 
529 
577 
707 
931 

209 

-1 

Mh 

173 

• 

25 
285 

1 
16 

230 
• 
2 

27lt 



Beuroai Dall/ Iraaiuiy Btatamanti. 

• Lmi thu $500,000. 

y Ineluda* OorarHMat tnturuiea and ratlramaat fundi, ato. 



UnaaplojrBant 
Trust Itad 



Nst 






-« 

+12 

-u 
+1 
-5 

+2 

-2 

+3 
-1 

-It 
♦1(0 

-36 



Bacalpts 



294 
763 
838 

95? 

1,114 
l,2)tU 

60 

75 

203 

29 

^3 

220 

6k 

52 
223 

29 

243 
73 



■zpsndl- 
turss 



294 
751 
•37 
957 
1.118 
1,2U3 

55 

«3 

191 
33 
U2 

225 
68 

5'* 
220 

30 

51* 

203 
109 



Ball road 
Batiraaant i«eouot 



Vst 



f2 

♦2 

-2 

+11 



Bacalpts 



Izpandl- 
turaa 



IU8 
109 
123 



32 



113 



31* 



l>t6 
107 
125 
116 
lUH 



31 



32 

* 

1 
llU 



3>* 



Othar 
trust accounts 1/ 



Vet 



Bacalpts 



♦24 
+6U 

+3U 
+20 

+2U 
+35 
+20 
♦57 

+12 
+1 
-1 
♦3 



280 

233 

301 
2.053 

858 

323 
349 
366 

409 

512 

27 

28 

22 
42 



+9 


35 


+9 


36 


+7 


96 


+13 


160 


+1 


1*1 


♦2 


68 


+22 


6k 


+6 


ik 


+19 


66 



Izpandl- 
turss 



285 

210 

237 

2,020 
838 
327 

325 

331 

455 

15 

28 

23 

39 
29 
27 
89 

11*7 
kl 
66 
U2 

ka 

kB 



Table 2.- Other Funds 



(la aillloas of dollars) 



I 1934. 
1935 ■ 
1936. 
1937- 
193«. 
1939. 
1940. 
19'*1. 
19'*2. 



Tlieal jraar 

or aeath 



19>*l-DsoMbsr. 
1942-Jaauarjr.. 

Tabruarr. 

Maroh. . . . 



April. 
May... 

Jun*. . 



July 

Aufust. ... 
Isptaabsr. 
Ootobsr. . . 
VoTsabsr.. 
Daosnbar,. 



TraasaetlOBi la ohaeklac •oeouati 
of OoTaraaant acaaelai, ate. 



Total all 
traai- 
aetloBi 



-818 

■J?, 

+108 
+311* 
+201* 
+768 
+3»* 
-a7 
-3.625 

-l4o 
-681 

-35 

-75 

-189 

-1*30 

-1.1*17 

-78 
-262 

-25 

♦W*9 
-51*8 



Istuaaoa 

of ebllfa- 

tleni y 



I 

+1,106 
+288 

+<52 
-1,809 

♦9 

-625 
-23 

♦17 

-12 
-2 

-1,120 

♦12 

♦9 

-23 

-;ll 

+451 
-5 



Othar 
traas- 

aetloBi 



laoraaaat oa cold 



-337 

-251* 

-1,069 

-1,815 

-11*9 
.56 

-12 

-92 

-176 

-428 

-296 

-91 

-271 

-2 

-272 
-2 

-5U3 



Vat 



+811 

-111 

-I103 

-99 

-51 

-5 



Xaoalpts 



Bourosi Sally Trsaiury Stataoanti. 
* Lsss than (500,000. 

y Vst rsosipts la this ooluoa ooaititut* aat salas, aad aat 
aipsadlturss ooattltut* aat radnptioai of obllgatleas. 



2,811 
2 
1 
2 

1 



lipaadl. 

turaa 



2.000 

iioii 

101 

52 

5 



ialiBlerac* na allrar 



Vat 



+11*0 

+176 

+U0 

+90 

+90 
+49 
+20 
♦lU 

+1 

+1 

+1 
+1 
+1 



Xaealpti 



llM 

176 

1*0 

90 

2S 

20 
ll* 

1 

1 
1 
1 

1 



Ixpaall- 

turaa 



Hlioallaaaous funds 
and aocouats j^ 



■at 



+2 
+16 
+11 
♦39 



+16 

+1 

+12 

♦15 

■ -9 

-14 

♦20 
♦10 

♦6 

+27 

+13 

+1*1* 



Raealpts 



Vxpaadl- 
turas 



244 
331 

27 
28 
27 

41 

31* 
17 

14 

33 

20 
14 

32 
10 

33 



-2 

27 

233 
292 

27 
12 

26 
29 

28 

13 

10 

8 

5 

-2 
-11 



£/ Ooflfrlsas PVA rsTolTlac fund, and spsolal deposits (net). 

Also tnoludes A«rlaultttral Markatli* Adalnlst ration oomnodlty 

food staiqp traasaetlona. 
y Sataii aot arallabla. 



20 



riscal year 
or Bonth 



1933 

193'* 

1935 

1936 

1937 

193« 

1939 

19>10 

19»H 

I9»t2 

1941-IleceDl)er. 



igUa- January. . 
Tebroary. 
March 



April. 
Hay... 
June. . 



July 

Au^tt . . . . 
September. 



Octo'ber.. 
Horan'ber. 
Ceeenber. 



Means of Financing Cash Requirements 

(In mllllonB of dollars) 



Aaount required to be financed 



Total 
amount 

reqfulred 
to be 

financed 



3.052 
I*. 616 
3.209 
5.390 
3.1>*9 
1.38U 
It.lS"* 
3,611 

23, Wl 
2,898 

2.683 

2.U82 

108 

3.I8U 

3.61+8 

3.852 

U.TlH 
U.6g3 
'♦.798 

6,U20 
5.761 

12,05U 



Set 

bud^t 
deficit 

u 



Bet 

inereaae 

In General 

fond 

balance 



1.78'l 
2.896 
3.209 
"+.550 
3.it9 
1,384 

3,611 

5.103 

19.598 

1.329 

2,050 
1.871 
-1262/ 

3.058 
3.391 
2.037 

U.U13 

1*,628 

3,'*0U 

5.331 
5.761 

3.799 



Source: Dally Treasury Statement*. 

1/ Iicludee amounts for public debt retirement lAlch are 
chargeable to the sinking fund, etc. , under special 
proTlslons of law. 



1»45 
1.720 

8ltO 



6S8 

71*2 
35« 

1,21*1 

612 



179 
296 

l.lW 

591* 

7, '♦61 



IT 



U 



Bet 

expenditures 

In trust 

accounts, 

Ineremsnt 

on gold, 

etc. 2/ 



Total 
amount 
financed 



8i;3 



148 

3.506 

328 

633 

231* 
126 

257 

1.635 

1* 

54 

2U5 

1*96 
79U 



3.052 
i|,6i6 
3.209 
5.390 
3.l't9 
1.381* 
U.lSW 
3.611 
5.994 
23.461 
2.898 

2.683 

2.482 
108 

3.184 
3.648 
3.852 

4,714 
4.683 
4.798 

6,420 

5.761 

12.054 



Means of financing 



Increase 

in 

public 

debt 



3.052 
4,514 
1,648 
5.078 
2,646 
740 
3.275 

2.528 

5,994 

23,461 

2,898 

2,073 
2,369 

39 

2.542 

3.609 

3.852 
4,714 

4.549 

4.798 

6.420 

3.212 

12.054 



Bet 

decrease 

in Oeosral 

Tond 

balance 



741 
128 

338 
9U7 



610 

69 

642 

39 



134 



1.814 



Bet 
receipts 
in trust 
accounts, 
inereoent 
on gold, 
etc. 2/ 



101 
821 
312 
374 
306 
890 
136 



114 



736 



Comprises trust accounts, checking accounts of OoTernment 
agencies, etc.. increment on gold, seigniorage on silver, 
and miscellaneous funds and accounts. Increment on gold 
excludes e:^enditures for national bank note retirements. 
Bet budget surplus. 



21 



Social Security Program 

Section I.- Budget Receipts and Expenditures 

Table 1.- Social Security Act 



(In mllllona of dollars) 



Fiscal year 
■or month 



Fiscal year 
or month 



1936. 
1937. 
1938. 
1939. 

igiw. 
191*1. 
191*2. 



19l*l-Deeem1)er. 
191*2- January. . 

February. 

March. . .. 



i^rll. 
May... 

June, , 



July 

August... . 
September. 
October. . . 
November, . 
December. . 



Receipts 



Total 



1936 

1937 

1938 

1939 

191*0 

191*1 

I9I+2 

igUl-December.. 
19l*2-January. . . 

February. . 

March 

i^rll 

May 

June 

July 

August . . . . 
September. 
October. . . 
November. . 
December. . 



Orosa receipts 



Social Security teizes 



252.2 
60l*.li 
631-2 
712.2 
788.2 
1.015.6 

5.6 

51.3 

252.7 

1*.8 

1*2.0 

213.0 

1*.7 

52.2 

220.1 

'*.3 

1*6.6 

239.8 

l*.5 



Federal insurance 

Contributions Act 

(Old-age Insurance) 

1/ 



191*, 
511^. 
530, 
601*. 
690. 

895. 



i*.3 
38.6 

181.1* 

2.8 

39.2 

203.7 

3.7 

1+9.1* 

211.7 

3.1* 

1+3.9 

231.1 

3.5 



Federal Unemployment 
Tax Act 
(Unemployment Insurance) 
iJ 



57.8 

90.1 

100.9 

107.5 

97.7 

119.9 

1.3 
12.7 
71.3 

2.0 

2.9 

9.3 
1.0 

2.8 

8,5 

.9 

2.6 
8.7 
1.0 



Lees amounts credited to 

Federal Old-Age and 

Survivors Insurance 

Trust Fund J/ 



Net 
receipts 



265.0 
387.0 
503.0 
537.7 
661.3 
S68.9 

2,1 

36. li 

179.3 

.6 
36.8 

201. U 
1.1* 

1*7. 

209. 

1. 

1*1. 

228, 

1. 



-12. S 
217.11 
128,2 
I7i*.5 
126.9 
1U6.7 

3.5 

lU.Q 

73.ii 
i*.i 

5.2 
11.7 

3.3 
.5.1 
10.7 

3.1 

5.1 

11.? 

3.5 



28.1* 
182.7 
332.5 
3I+3.3 
381*. 2 
1*1+9.!+ 
50I+.IJ 

33.1* 
55.8 
37.1 
31.7 

1*9.5 
53.2 
11.5 

78.8 
1*1.7 
21,2 

63.2 
38.9 
33.6 



Adminis- 
trative 
expenses 



,6 
15.8 

20.0 
21.3 
25.3 
31.5 
31.5 

2,6 
2,8 
2.6 
2.8 

2.5 

2.6 

2.5 

2.7 
2.7 
2.5 

2.8 
2-3 
2.7 



Expenditures 



Total 



27.8 
166.9 
271.5 
320.3 
356.5 
1*15.2 
1*69.6 

30.6 

52.8 

3i*.i 

28.6 

1*6.6 
50.2 
8.7 
75.9 
38,7 
18. 5 

60.1 

36. I4 
30.7 



Qrants to States 











Public 


Social Security Board 


Health 










Service 








Unemploy- 




Old-Age 


Aid to 


Aid to 


ment com- 


Public 


asslst- 


dependent 


the 


pensation 


health 


ancd 


children 


blind 


adminis- 
tration 


work 


19.7 


2.0 


1.0 


.9 


2.1* 


12l*.8 


11+.3 


U.6 


9.1 


7.8 


182.2 


25-5 


5.2 


1*1.9 


8.9 


208.8 


31.0 


5-3 


58.9 


8.0 


227.6 


1*5. U 


6.? 


58.3 


9.1* 


260.1 


63.2 


7.1 


63.0 


10.8 


299.1 


69.1* 


8.0 


70.3 


11.1) 


2U.8 


3.H 


.1+ 


1.3 


.1 


28.9 


7.9 


.8 


10.7 


2.7 


23.0 


5.6 


.6 


l*.l 


* 


19.9 


1*,2 


.6 


3.6 


.1 


28.8 


7.7 


.0 


l+.l* 


2.9 


32.6 


6.3 


.7 


9.5 


m 


i*.3 


.9 


.1 


3.2 


* 


1*7.2 


11.5 


1.3 


13.1 


2.6 


26.0 


6.8 


.8 


3.3 


.6 


11.0 


2.9 


.1* 


3.5 


« 


35.2 


8.2 


1.0 


12.1) 


2.1* 


2l*.8 


6.1* 


.7 


3.0 


• 


2U.9 


2.7 


.u 


2.0 


_ 



Department of Labor 



Maternal 

and child 

health 

services 



1.0 
3-1 
3.8 
3.7 

1*.8 
5.5 
5.9 



.U 
.1 
.8 
,8 



Source; 



i/ 



Services 

for 
crippled 
children 



2,1 
2.7 
3.0 
3.3 

U.O 
U.O 

.1 

.6 
.U 
.1 
.8 
.2 
.1 
* 
.5 

•3 
.-^ 
.5 
.2 



Child 
welfare 
services 



Refunds 

of 

taxes 



.2 
1.0 
1.1+ 
1.5 
1.5 
1.5 
1.6 

.1 

.3 



Daily Treasury Statements. 
Less than $50,000. 

Formerly Title Till of the Social Security Act. 
Formerly Title IX of the Social Security Act. Includes 
amounts equal to appropriations to Railroad Unemployment In- 
surance Administration Fund equivalent to amounts of taxes 
collected with respect to the period from January 1936 to 
June 1939, inclusive, from employers subject to the Rail- 
road Unemployment Insurance Act (See Table 3 of Section I). 
Prior to January 1, 19I4O, figures represent amounts trans- 
ferred to the Old-Age Reserve Account. From January 1 to 
July 1, 191*0 "transfers" were made to the Federal Old-Age 
and Survivors Insurance Trust Fund. Subsequently receipts 
have been deposited In the General Fund of the Treasury 
and "appropriated" directly to the Federal Old-Age and 
Survivors Insurance Trust Fund. Amounts shown as trans- 
fers reflect deductions made for relir.buroement to the 
General Fund account to cover administrative expenses, 
which are shown as expenditures In Section II, Table I. 



Excess 

of 

ej^endi- 

tures ^ 



Ul.O 6/ 
1.8 
2.5 
2.6 
3.1* 

.2 

.2 
.1. 

.3 
.k 
.1* 
.3 

.3 
.3 
.3 

,3 
.2 
.2 



28.1* 
195.5 
115.1 
215.1 
209.7 
322.5 
357.7 

29.9 
1*0.0 
-36.1+ 
27.6 
1+U.2 
1+1.5 
8.2 

73.7 
31.0 
18.1 
58.0 
27.7 

30.1 



hj Includes only expenditures from appropriations made specifi- 
cally for administrative expenses relating to the Social 
Security Act; namely. Social Security Board, Department of 
Commerce, and Department of Labor; and administrative expenses 
reimbursed to the General Fund of the Treasury under Section 
201 (f ) of the Social Security Act, as amended. Beginning 
July 1, I9I+0, includes also administrative expenses under the 
Wagner-Peyser Act. Excludes admini strati ve expenses payable 
from other appropriations, principally for the following 
agencies: Bureau of Internal Revenue of the Treasury Depart- 
ment, and Public Health Service and Office of Education of 
the Federal Security Agency. 

5/ Covered by appropriations by Congress. 

5/ Second Deficiency Appropriation Act, flsesl year 1938, 
approved June 25, 1938, carried an appropriation of 
$1*0,561,886.1^3 for making refund to certain States of portions 
of Federal emploj-ers' tax for I936 collected under the Social 
Security Act. 



22 



Social Security program - (Continued) 
Section I.- Budget Receipts and Expenditures - (Continued) 



Table 2.- Railroad Retirement Act 

(In nllllons of dollare) 



•S- '■:■:■:■•>: 






Fiscal yaar 

or month 



1936 

1937 

1938 

1939 

X9W 

19U1 

19'»2 

19Ul-December 

19'*2- January 

February 

March 

April 

May 

June 

July 

August 

September 

October 

lloveraber 

December 

Source: Dally Treasury Statements. 
• Less than $50,000. 



Receipts 



Carriers' Taxing 
Act of 1937 



■3 
150.1 
109.3 

121.0 
136.9 
170.0 

33.9 

1-3 

U.2 

U1.6 



Total 



1 

lUg 
no 

123 
128 

lUg 



32.0 
• 7 
.7 



1.2 

9.0 

35.0 


• 5 


1.0 
11.5 
36.5 


113.2 
.7 
.5 


1.1 
g.2 

Ua.g 


31*. 
.5 
.U 



Expenditures 



AdnlnletratlTB 
expenses 



1/ 



•3 
1-5 
2.6 
2-9 
2.6 

3.8 

7.6 



• 5 
.7 
■ 7 
.6 
.6 

• 5 
.6 
.7 
.5 

.5 

• 5 
.U 



Transfers to 

Railroad Retirement 

Account (trust account) 



1>(6.U 
107.1 
120.7 
12U.U 
II4O.9 



31.5 

31-5 

112.6 

33-5 



Refunds 

of 

taxes 



Excess of 
expenditures 

2/ 



•3 

1.2 

-1.1 

.7 

2-3 

-g.7 

-21.6 

-33.1 
30.7 
-3-5 

-U0.9 

30.9 

-8.5 

-3'*.5 

112.2 
-10.8 
-36.0 

32.8 

-7.7 

-U2.U 



1/ Includes only expenditures from appropriations made specifically 

for administrative expenses relating to the Railroad Retirement Act. 
2/ Covered by appropriations from the General Fond of the Treasury. 



Table 3.- Railroad Unemployment Insurance Act^ 



(In millions of dollars) 



ViBCsl year 
or month 



1936 

1937 

1938 

1939 

19'tO 

191*1 

19U2 

igltl-December. 
igUa- January . . 

February. 

March 



April. 
May... 
June. . 



July 

August . . . . 
September. 
October. .. 
November. . 
December. . 



Receipts 



Railroad unemployneDt 
insurance contri- 
butions 2/ 



Expenditures 



Total 



6.8 

8.5 


5.0 

10.9 

6.lt 


1.9 


.2 


2.2 


.2 
.3 
.2 


2.2 


.2 
.2 

• 3 


2.2 


.2 

6.2 
.2 


2^5 


.1 
.2 
.2 



Source; Dally Treasury Statements. 

• Less than $50,000. 

1/ Operated as Railroad Unemployment Insurance Administra- 
tion Fund. 

2/ Represents lOjf of contributions under the Railroad Unero- 
ployment Insurance Act; the remaining 90^ is deposited 
In the Hallroed Unemployment Insurance Account, Unem- 
ployment Trust Fund (See Section II. Table 3). Excludes 
amounts appropriated to Railroad Unemployment Insurance 
Administration Fund ecjuivalent to amounts of taxes col- 
lected with respect to the period from January 1936 to 
June 1939, inclusive, from employers subject to the 



Administrative expenses 
(Railroad Unemployment 
Insurance Adminis- 
tration Fttnd) 2/ 



•5 
5.0 
3.U 
2.5 



Transfers to Railroad 

Unemployment Insurance 

Account, Unemployment 

Trust Fund U/ 



7-5 
3.9 



Excess of 

expenditures 

5/ 



6.0 



.5 

.1 

U.l 

-2.1 

-1.7 
.2 
.2 

-2.0 
^2 
.1 

-1.9 

6.6 

-2.1 

.1 
.1 

-2-3 



Bollroad Unemployment Insurance Act, as follows (in millions): 
Calendar year 1936 - $2.7. 1937 - *5.?. 1938 - $6.8, and for '.he 
first six months of the calendar year 1939 - $2.9, aggregating 
$17.7. These amounts are Included in Table 1 under Federal Unem- 
ployment Tax Act (unem, loyment Insurance). 

3/ Includes only expenditures from appropriations made specifically 
for administrative expenses relating to the Railroad Unemployment 
Insurance Act. 

U/ Represents excess funds of the Railroad Unemployment Insurance 
Administration Fund (under Act of Oct. 10, I9U0). 

^ Covered by appropriations by Congress. 



ikSS^SSL^ 



23 



Social Security Program - (Continued) 

Section II.- Statements of Trust Accounts 

Table 1.- Federal Old-Age and Survivors Insurance Trust Fund^ 



( Ciojuulatlve froai organization - In millions of dollare) 



End of fiscal 
year or month 



Total 
receipts 



Receipts 



Appropria- 
tions ty 
Congress 



Interest 



invest- 
ments 



Expenditures 



Total 

sxpendi- 

tirres 



Old-age 
benefit 
payments 



Eelmtoursement 

for 

administrative 

expenses 2/ 



Invest- 
ments 



Unexpended balance 



In General 
Fund 



In disbursing 

officer' s 

account 



1936 

1937 

1938 

1939 

191*0 

191+1 

191*2 

191*2- July 

August . . . . 
September. 
October. . . 
Hovember . . 
December. . 



267.3 

782.7 

1.199.6 

1.792.1 

2.536.2 

3.502.8 

3.552.2 
3.76i*.0 
3.768.1 

3,812.2 

i+,oi+3.i+ 
U,oi*7.7 



265.0 
765.0 
1,155-0 
1,705.0 
2,393-1 
3,288.8 

3.338-1 
3.51+9-8 
3.553-3 
3.597.2 
3.828.3 
3.831.8 



2-3 

17-7 

Ui*.6 

87.1 

1I+3.1 

21I+.1 

211+.1 
211+.2 
211*. 9 

215.0 
215.1 
215.9 



Source! Daily Treasury Statements. 
• Less than $50,000. 

\J Includes transactions effected under the predecessor 
Old-Age Reserve Account. 



5.1* 
19.3 

1+7. u 
138.6 
275.6 

288.9 
302.2 
316.2 

330.7 
31+5.1 
359.6 



5.1+ 

19.3 

35.1 

99.5 

209.8 

220.7 
231. 8 
21*3.5 
255.1+ 
267.3 

279-3 



12.3 
39.1 
65.9 

68.2 
70.1+ 
72.7 

75.2 
77.7 
80. 3 



267.2 
777.2 
1,180.3 
1.71*1+. 7 
2,397.6 
3,227.2 

3.263.3 
3.1*61.8 
3.1+51.9 

3. 1+81. 5 
3.698.3 
3.688.1 



267.1 

662.3 

1.177.2 

1.738.1 

2,380.6 

3.201.6 

3.191.6 
3.196.8 
3,1+15.1 
3.1+03-1 
3,393.1 
3.655.1+ 



.1 

113.0 

.1 

.5 

6.2 

5-2 

52.3 

236.7 

5.1* 

1*6.9 

275.7 

5.3 



.1 

1.9 

3.0 

6.1 

10.8 

20.1* 

19.1* 

28.1+ 

31-5 
31.5 
29-5 

27.11 



2/ Under Section 201 (f) of the Social Security Act amendments 
of 1939. 



Table 2.- Railroad Retirement Act 







(Cumulative from 


organization 


- In millions 


of dollars 


) 






End of fiscal 
year or month 


Receipts | 


Expenditures 


Balance | 


Total 
receipts 


Appropriations 
by Congress 


Interest on 
Investments 


Benefit 
payments 


Total 


Investments 


Unexpended balance ] 


In General 
Fund 


In disbursing 
officer's account 


1936 

1937 

1938 

1939 


1*6.6 
U6.6 
1^7.9 
268.1* 
390.8 
506.9 
650.9 

865.7 
865. 8 
865.9 

865.9 
866.1 

866.2 


1*6.6 

1*6.6 

11*6.5 

26I+.8 

381*. 9 

498.5 
639.1* 

85U.2 
85!+. 2 
851+.2 

35!+. 2 
S51+.2 
85lt.2 


1.1* 
3.6 

n 

11.6 

11.6 
11.6 
11-7 
11.8 
11.9 
12.1 


i*.o 

79.8 
I85.6 
298.7 
1*19.9 
51*6.1 

557.0 
567.7 
578.1* 

589.2 
S9.9 
610.7 




1*6.6 
1*2.6 
68.1 
82.7 
92.1 
87.0 
IOU.8 

30s. 8 
298.1 
287.5 

276.7 
266.2 
255.6 


66.2 
67.2 

79.1* 

7i*.o 
91.5 

195.0 
18I+.0 
173.0 
196.0 
185.0 
171+.0 


1+6.6 
36.6 
.2 
13.2 
10.8 
2.5 

1.6 

102.2 
113.3 
102.3 

68.9 
68.8 
68.9 


6.0 
1.6 
2.3 
1.8 
10.5 
11.7 

11.5 

.8 

12.1 

11.9 
12.3 
12.7 


19W 

191*1 

191*2 

19U2-July 


August 

September 

October 




December 



Source: 



Dally Treasury Statements. 
Less than $50,000. 



Table 3.- Unemployment Trust Fund 















(Cumulative from organization 


- In millions of 


dollars) 












End 
year 


of fiscal 
or month 


Receipts 


Expenditures 


Balance 


Total 
re- 
ceipts 


state 
unemploy- 
ment 
insurance 
activi- 
ties 


Railroad Unemployment 
Insurance Account 1/ 


Interest 

on 
invest- 
ments 


Total 
expendi- 
tures 


State unemployment 
insurance 
activities 


Rai Ir oad 
Unemploy- 
ment 
Insurance 
Account 
i/ 


Total 


Invest- 
ments 


Unexpended 
balance 


Railroad 
unemploy- 
ment 
insurance 
contribu- 
tions 
2/ 


Trans- 
fers 
from 

States 


Transfers 
from Rail- 
road Unem- 
ployment 
Insurance 
Administra- 
tion rund4/ 


With- 
drawals 

by 
States 


Transfers 
to Hail- 
road Unem- 
ployment 
Insurance 
Account 

2/ 


In 
General 

IHind 
( Special 
Deposit 
Account) 


In dis- 
bursing 
offi- 
cer's 
account 


Deposits 

by 

States 


Benefit 
payments 


1936. . . 
1937... 
1938... 
1939... 
191*0... 
191*1... 
191*2... 

191+2-Ju 
Au^ 
Se 

Oc 
Noi 
Da 


ly. 

5US 

ptei 

bob 
rem1 
:em 


t 

nber. 

sr. . . 
3er. . 
aer. . 


18. q 

313.1* 

1,076.2 

1,911*. 3 
2.857.9 
3.971.9 

5.215.5 

5.267.1* 
5.1+90.7 
5.519.7 
5,569.6 

5,812.2 
5.885.1 


18. 9 
310.6 
1,058.2 
1.869.5 
2.729.3 
3.621.4 
li.717.3 

it,769.2 
1*, 985.1 
1+.993.9 

5.0I+3.7 
5.285.1+ 

5.298.3 


1*1*. 2 
105.6 
181 .9 

181. 9 
IS3.I* 
203.6 

203.7 
204.5 
226.6 


1.8 
105.9 
105.9 

105.9 
105.9 
105.9 

105-9 
105.9 
105.9 


il;^ 

11.1* 
17.4 
17.1+ 
17.1+ 
17-1* 
17.U 


.1 

2.8 

18.0 

44.8 

82.6 

131.5 

198.9 

198.9 

198.9 
199-0 
199-0 
199.0 
236.9 


1.0 

192.0 

633.8 

1,133.1 

1,688.2 

2,065.4 

2,096.6 
2,126.6 
2,149.3 

2,165.0 
2,176.7 
2,187.1 


1.0 

192.0 

633.8 

1,116.7 

1.550.0 

I.9I8.O 

1,949.1 
1,978.9 

2,001.4 

2,016.9 

2.028.4 
2,038.7 


1.8 
105.9 
105.9 

105.9 
105.9 
105.9 

105.9 
105.9 
105.9 


14.6 

41.6 
41.8 
42.0 
42.2 

42.3 
42.5 


18.9 
312.4 

884.2 
1,280.5 
1.721+.9 
2.283.7 
3.150.1 

3.170.8 

3.364.2 
3.370.1* 

3.1+0I+.7 
3.635.5 
3,698.0 


I8.9 
312.3 
872.0 
1,267.0 
1,710.0 
2,273.0 
3.139.0 

3,162.0 
3.352.2 
3.359.2 
3.397.2 

3.588.2 

3,687.0 


.1 

12.2 

13.5 

13.'* 

8.0 

7.8 

5-7 
9.0 
8.5 

44^9 
8.7 


l.U 

2.7 
3.3 

3.2 

3.0 

2.8 

2.6 
2.4 

2.3 



Source 1 Daily Treasury Statements. j/ 

• Less than $50,000. 
1/ Excludes advance of $15 millions from the Treasury and 

subsequent repayment, both talcing place in the fiscal year 

19I+O. 
2/ Represents 905S of contributions under the Railroad Unem- 4/ 

ployment Insurance Act; the remaining IO56 is used for 

admlnistratlvs expenses. (See Section I, Table 3.) ^ 



Represents amounts transferred from States to Railroad Unem- 
ployment Iq^rance Account equivalent to amounts of taxes 
collected, with respect to period from January 1936 to June 
1939 inclusive, from employees and employers who come within 
the purview of the Railroad Unemployment Insurance Act. 
Represents excess funds of the Railroad Unemployment Insur- 
ance Administration ?und (under Act of Oct. 10, 1940). 
Tor railroad unemployment benefits and refunds. 



ZK 



Cash Inco« and Outgo of. the Treasury, by Major Classifications^ 



(la BlllleBi of dollars) 



C18B IKOMI 
Bad««ti 

laWraal ramnai 

ImooM and profltt taza* 
hplo]ra«Bt tent 
Mliecllanaou Intanml raTwoa 

Coatoas 

Othar 

aabtotal 




Cmat foads, ate.i 

UaaBplo/Bant truat foad (dapoaita *]r Btataa 
and Ballroad Batiraaaat Board) 

Truat aoeoQBta 2/ 

Battotal 
Total oaah laooaa 
CiflH OtROO 
Bodcati 

¥ar aetlTlilaa 

Tataraaa' idalalatratlam 

Pttbllc Worka 2/ 

Aid to acrlcoltora ^ 

Soolal Bacorltr progra* 5/ 

Work! Projaoti Xdalnlitratlea aad ■atleaal 
Toath Idalalitratlon 6/ 

ClTlllaa Conaarratlao Oorpa 

lataraat oa ttaa puUle dabt j/ 

Othar 

SD))total 

treat foada, ato.t 
Bacoaatruetloa Ilaaaoa Oorperatle«i 

Var actlTltlaa 8/ 

Otbar 

CcsBodlty Cradlt Corporatloa 

UoeBploTaaat Troat TOad 

l*d*ral 01d-A«8 aad SuTTlTora lanraaea 

treat niad 

Ballroad Batlraaaat Iceoaat 
Othar 



Sabtotal 

BadMptloa of ad^tad aarrloa toada 
total oaah outgo 

nous or cash otiroo 



• Laaa th^ t^.OOO. ... 

1/ tbaia flgoraa ara not lataadod to raflact the hudgatarr pofltloa 

^ of th. Oorire-aat. «id 111 aot VP»* »lth hudgatarj flgopa. on 
reoalot.. aipandlttira. and daflclt auch aa thoaa ippaarlag la 
^M.lr ^.M^ St.U.«.t and U othar t.Waa In th. "'""'^ 
Bull. tin'. Jtor an explanation of the rerlaloni aada la Dally 
Traaaury Statement figure, to arrlra at thla caah aarlaa. .aa tha 
«Tr.a«ir7 Bolletln'. Tohruarr 1939- «.,*.»•,. 

2/ lacloda. .ale of co»«)dlty food .twip.. Agricultural Markatlag 

3/ ^rtMr^ibUc Bolldlnga Ad-lnl.tr«tloa. P»l'"= f>»*» Aiilnla- 
^ tralloa. Public Vork. Ad.lnl.tr.tlon. IWd-ral Public Houalng 
Authority. HlTor and Harbor »ork and Tlood Control. Tanaa.aaa 
Tallay Authority, Itoraat Boada and Tralla. — ' "— ^ 
project.. 



and BaelaaatlOB 



H/ CoBprlaaa Agricultural Conaarratlon and Adjustment Adalnletratlon. 
2/ <~-K' -o „ _^^.__ ,._._,.»».♦•„, r.nw^nMtr Credit Corooratloi 



Agrieulturai Haitatlng Adalnlatratlon, Coanodlty Credit Corporation, 
hi* Credit Adalnl.tratlon, Tadoral Tarm Mortgage Corporation, 
IWdtral land bank., Tara Security Adalnlatratlon, Ham Tenant Act, 
Bnral Jlectriflcatlon Adaini.tratlon, and Departaent of Agriculture 
dapartaental eipondltuxe.. Ixdude. Agricultural Marketing Adminla- 
tration, reflected on Dally Treaaury Statement aa traaafer to 
tru.t acoouat*. ^ ^ ._ 

5/ Izelnda. traaaaotlona undar transfora to tru«t account., etc. 

6/ Beginning July 19>*2 lational Touth Admlnlatration la included 
in war actlTltlaa expendlturea. 

7/ Ixclude. aceruad Intere.t on United Stataa aaTlag. bonda out.tandiag. 

V Ixpanditura. for »ar actintlea by the Becon.tractlon Hnanea 

Corporation prior to October 17, I'i^Z. »•"« Included under "Other" 
Baeonatruetion Tlnanca Corporation expendlturea. 



Caah income 

1936 

1937 

1938 

1939 

igw 

I9in 

19U2 

Caah outgo 

1936 

1937 

193« 

1939 

19'w ' 

19U1 

i9''*e 

Izceaa of oaah outgo 

1936 

1937 

193« 

1939 

19W 

191*1 

19U2 



Jaa. 



2>»9 
303 

398 



i»76 
537 
728 
727 
1.179 
2.699 

182 

173 

ll*2 

36>» 
1.965 



lyjtal Cash Incoiw and Outgo, by Months 

(la ■llliona ef dollara) 



Tab. 



2ltO 
J26 
U60 
581 
61U 
72»» 
1,180 

1»89 
550 
4S1 

669 

679 

1.150 

2.729 



21 
8S 

65 

>t26 

i.5»»9 



Mar. 



771 
1,115 
1,038 

796 

989 

1,9*0 
3.635 

621 
791 

S 

851 

1.555 
3.6O8 

-32H 

-293 

38 

-138 

-85 

-27 



Apr. 



255 
Uil 
319 
323 
385 
5lto 

829 

650 
720 

77'* 

730 

793 

..U75 

(.973 



Jtay 



395 
299 
U55 
U07 
U08 



2U9 
390 
519 
552 

7U9 
1.036 

9*9 
665 

i.'>3"» 
U.H70 

300 
198 

130 



Jnaa 



5>« 



&*k 

781 

1.329 

2.558 

1.600 
758 

g5 

886 

l.S*** 

>»."r3» 

i.05> 

-167 

11 

200 
105 
219 

2.179 



July 



365 

576 
902 



919 

558 

589 

!S 

806 

1.516 
5.076 

608 
120 

22U 
283 

9W 
U.17'« 



Aug. 



5U1 

632 



766 
1.063 

707 
566 
783 
989 
870 
1.7'*« 
5,539 

3^5 
25 
151 
Moo 
1U6 

982 
U.U76 



Sept. 



522 
852 
767 
752 
756 
1.205 
2,621 

9*9 
852 
•92 

2.^6 

5.9«9 



21U 

-203 

85 

lUo 

76 

^1 

3.368 



Oct. 



299 
389 
395 
399 
U58 
611 
770 

762 
582 
829 
781 
976 

U63 
1*34 

382 

518 

1.828 



BOT. 



259 

'♦33 
521 
567 
656 
956 
1.135 

602 

523 

702 

667 

962 

1.973 

5.950 

3^3 
90 

181 

100 

306 

1.017 

'*.815 



5^7 
930 
757 
615 
798 
1.288 
2.809 

676 
679 
895 
9U7 

1.2»tl* 
2.778 
6.997 

129 

-251 

138 

^1 
1.U90 

U,188 



Total 



I1.606 
7,063 

6.992 

6.551 
7.569 

10.859 
19.272 

8.7>»2 
7.39^ 
8.687 
9.'«3 
10.317 

20.81H 

57.972 

'*.136 
331 
1.695 
2.932 
2,7'^8 
9.982 
38.699 



>fi^S 



25 



CASH INCOME AND OUTGO OF THE TREASURY 



1997 



1998 



1939 



DOLLARS ' 

Billion* 

4.0 



1940 



,194! 



1942 



3.5 



3.0 



ZS 



2.0 



1.5 



1.0 




Cash Income 



iitiitntnifinti 




S Month 
Moving Avzragz 



JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 




I 1 1 1 I 1 Ill I I I I I I I 1 1 I I li I I I I I 

JMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 
1937 1938 1939 1940 1941 



,, .If 



J M M J S 
1942 



GENERAL FUND OF THE TREASURY 



-26- 



87 



AsMtt of the General Fund of the Treasury 



Bid of fiaeal 
r«ar or MBtk 



1933 , 

193» , 

1935 

1936 

1937 

193« 

1939 

isSo 

19IH 

19U8 

19Ul-D«o»«b«p 

19'»2-J»mi»ry 

7t1>ru«X7 

Maroh 

iprll 

HV 

Jun« 

Jttljr 

inCM t 

Stptamtar 

Ootobtr 

loraabtr , 

Daorabtr 

Setareai Skll/ IrMtnrx atattmMti 



(Ib ■lllioDi of lellari) 



Setal 



1.103 
3.033 
3.016 
2.936 

2.709 

2.U19 
3.087 
2.038 
2.812 

3.^*3 

3.816 

3.232 

3.867 
3.857 

3.216 
3.198 
3.UU3 

3.782 

3.695 

4,688 

5.313 

3.557 
11.032 



Bnlllea, oola, 
•Bd onrroao/ 



18l( 
1.0>»5 
l.OlW 

865 
1.863 

827 
1.19i» 
87H 
98U 
897 

919 

902 
879 
890 

889 

900 

897 

926 
907 
909 

931 
915 

863 



OtpOfltl iB 

fodoral 
Roforro Baaki 



51 

97 

118 
862 
lUl 

929 
1.022 

254 
I.O2U 

603 

966 
391 

7'« 
525 



522 

82 



g 



553 
569 

1,021 

619 

512 

1.516 



SpMlal dapeiltt 

aeeoBat of uloi 

of OoTorsBaat 

■•onritlos 



837 
1.83l« 

799 
1.150 

6% 

611 
776 
so; 
661 
1.679 

1.756 

1.750 

2,231 

1.579 
1,666 
1.679 

2.01U 
1.8«) 
2.H11 

3.373 
1.895 
8,166 



Othar 

dapoilti 

•ad 

eollootloat 



31 
37 
55 
58 

55 

52 

95 
105 
1^3 
265 

175 

188 
185 
211 

226 
250 
265 

289 
338 
3U7 

390 

,*" 



Balance In the General Fund of the Treasury 

(la allltoai of dollars) 



to. of fltaa 
jroar or aeath 



1933. 
193'*. 
1935. 
1936. 
1937. 

1938. 

l^w! 
191^1. 
19>»2. 



19Ul-Siorab*r. 



19>^2-JaBQai7.. 
Tabruaiy. 
Marsh.... 



iprll. 
Kay... 
Junt., 



iTuljr 

AvffUit.... 

loptonbor. 



Oetebar. > 
VoTaabor. 
Sietabar. 



ievuraai 
1/ 



total 
aitoti 



1.103 
3.033 
2,016 
2.936 
2.709 

2.U19 
3.087' 
2.038 
2.812 

3.W»3 

3.8I6 

3.232 

3.867 

3.857 

3,216 

]:!? 

3.782 

3.i95 
i»,688 

5.313 

3.557 

11.032 



total 

llabilltlot 



Dally Iroaiury Stataaaatt. 

iB th. fitoal yoari I935 aad I936. »91 alllloai and 
1554 mllliaai, roipaotiTsly, vara traaafarrad from ia- 
erams&t on fold to tha «erkla« balaaoa for ratiraaaat of 
aatloaal baak aotai. ta thla atataaaat, hovarar, ehariaa 



1*51 
175 
254 
156 

203 
2U8 
1U7 
179 
1*52 

256 

282 

305 
365 

365 

386 
452 

z 

386 

l»l6 
1*75 
UB9 



lalaaoa 
la tha 
•aaar al 

fuad 



862 
2.582 

I.8UI 
2.682 

2.553 

2,2l6 
2.838 

1.891 
2.633 
2.991 

3.560 



iaalyala of balaaoa la tha Oaaaral Jnad 1/ 



Verkiac 
balaaoa 



862 

1.771 
1,001 

2,069 

2.000 

1.622 
2,160 
1,163 

1,88; 

2,229 

2,802 

2,191 
2.80e 
2.732 

2,089 
2.050 
2,229 

2,525 

2.392 
3.5'io 

U,13>* 
2,320 
9.780 



SatfBteraco 
oa ailrar 



11(0 
316 
356 

itU6 
536 

58; 

60; 
619 

615 

616 
617 
618 

618 
619 
619 

619 
619 
619 

619 
619 
619 



laoraaaat 
oa cold 



811 
700 
297 
198 

1H7 
IU2 
11*3 
lU3 
11*3 

11*3 

11*3 
11*3 
11*3 

11*3 
1U3 
11*3 

lU^ 
lUl* 

ll*U 
lUK 
ll|l* 



for ratiraaaat of aatieaal baak aetai ara raflaotad dlraetly 
B«aiast iBoraaaat oa cold la tha yaari darlac whlah tha ratlraaaats 
*ara aotxialljr aada. laaotlTt cold la tha aaooat of »1,087 alllleaa 
for tha flieal yoar 1937 la eoaaldarad aa a part of tha mrklac 
balaaoa. ^ 



28 



Analysis of Change In Balance of General Fund of the Treasury 

[in ■llllom of dollart - Bet lner«a«« or aet dacr«Me (-)J 



Chang* (faiTlac fitcal 
jraar or aaBth 



1933 

131M 

1935 

1136 

1937 

1938 

1939 

ig^to 

i9»n 

19H2 

19Ul-D»c ember. 



Total 

Chang* in 

General 

Fond 
halaaee 



19ll2-Januar7. ■ 
Tahruary. 
March. . . . 




iprll. 
Hay... 
June. . 



Jnly 

A\]gU8t . . • ■ 

September. 



October.. 
Hovember . 

lies ember. 



i»U5 

1,720 

-7>a 

8U0 
-128 
-338 

622 
-9U7 

7>*2 

358 
1.21+1 

-610 

612 

-69 

-6U2 
-39 
179 

296 

-IS"* 

l.lUg 

59»* 

-l.SlU 

7.'t6l 



VorUne balance 



Total 
working 
balance 



General 

and 

apeelal 

account! 1/ 



W+5 

908 

769 6/ 
1.067 6/ 

-70 
-377 

537 
-997 

722 
3U1* 

1.21+0 

-611 
611 
-70 

-6U3 
-39 
179 

296 

-13'* 

i.iua 

59U 

-l.glU 

7.1*61 



-1.781* 

-2.896 
-3.209 
-it.SSO 
-3.1>*9 
-l.38>* 
-3.5^2 
-3.611 
-5.103 
-19.598 

-1.329 

-2.050 

-1.871 

126 

-3.058 
-3.391 
-2.037 

-H.U13 

-U,628 

-3.1*01* 

-5.331 
-5.761 
-3.799 



Source: Dally Treasury Statemontt. 

• Lees than $500,000. , , , » *„, 

1/ This Is the net budget deficit. Ixcludes amounts for 
public debt retirement which are chargeable to the sink- 
ing fund, etc., under special proTlslons of law. 
2/ This represents the Increase in the gross public debt. 

except as noted. (See footnote JJ .) 
3/ Includes rederal Old-Age and SuTTlvor* Insurance Trust 
Tund, Unemployment Trust fund. Eallroad Retirement 
Account. OoTornaent Insurance and retirement funds and 
other trust funds. , ,„ *,,.,., 

U/ Comprises Public Works Administration revoking fund 
^ and special deposit, (net). Also include. Agricul- 
tural Marketing Administration commodity food stamp 

^ I^^es *;q)endltures for retirement of national bank 
notes* 



Public 

debt 

accounts 2/ 



Trust 
accounts ^ 



3.052 
U,5lU 
1.739 1/ 
5.'*75I/ 
2. 71*6 1/ 
792 1/ 

2.528 

5.99'* 

23.1*61 

2.898 

2,073 
2.369 

39 

2.51*2 
3.609 
3-852 

i*.71i* 
i*.5l*9 
U.798 

6.1*20 

3.212 

12.051* 



-5 

2l» 

61* 
3>* 
19 
11 

29 

37 
37 
66 

-189 

30 
1U7 

-172 

1*7 

181 
-205 

55 

197 

-227 

60 
271* 

-290 



Mlseel- 

laneoua 

funds and 

accounts 

i/ 



Checking 

accounts of 

OoremBent 

agencies, 

etc. 



2 
16 
U 

39 



16 

1 

12 

15 

-9 

-11* 

20 

10 

6 

27 
13 

Ul* 



-818 

-731* 

637 

108 

3l'» 
201* 
768 

3»* 
-217 

-3,625 

-11*0 
-681 

-35 
-75 

-189 

-1*30 

-1,U17 

-78 

-262 

-25 

-583 

1*1*9 
-51*8 



Seigniorage 

on 

silver 



lltO 
176 
1(0 
90 
90 
119 
SO 

ll* 



Ineresiaat 

OB 

gold 5/ 



811 
-111 6/ 
-1*03 6/ 

-99 

-51 
-5 



6/ In the fiscal years 1935 »nd I936. $91 millions and $5^ million. 

-^ were transferred from increment on gold to the working balance 
for retirement of national bank notes. In this statement, how- 
ever, charges for retirement of national bank notes are "fl^J** 
directly against increment on gold, in the years during yhlch the 
retirements were actually made. Inactive gold in the amount of 
$1,087 millions for the fiscal year 1937 Is considered as a part 
of the working balance general and special account, for the pur- 
nose of this table. . , ^ * < 

7/ Bxpendituree for the retirement of national bank notes from In- 

^ c^ewnt on gold for the fiscal years 1935 to 1939 as shown below) 
are not reflected herein, but are reflected under increment on 
^Id as follows. 1935 - $91 million.. 1936 - $397 "ll"'":. ^. 
1937 - $99 million.. 1938 - »51 million., and 1939 - I5 million., 
total - $6U5 million.. The increa.es in the public debt .hown in 
the table Mean, of rinanclng Oa.h Hequlrements for the above 
fiscal year, will not agree for the reason stated above. 



GOVERNMENT SECURITIES OUTSTANDING 



-29- 



30 



statement of the Public Debt and Guaranteed Obllgratlons Outstanding 

(Id Blllloai of dollart) 



Ind of f Ileal 7*«r 



S«enrltl«i Itrood ty th« nnlt»d Stat«» 
Int«rett-<)6*rla£ d*bt: 
Pabllc Itnias: 
Kark*tabl« l»n*i 

Traainrr Mill 

Certificate* of Indabtedaaii . . . 

Treamry notei 

Irearory bonds 

Other bond* 

Total oarketable itniei 



Hon-Barka table lieuai 

(J. S. tarlBfi bond* 

Treatnr/ note* - tax earlei. 

Idjutted serrlce bondt 

Depoiltary bonde 

Total noo-narketable liiuee. 



Total public Israel. 



Special iiioai: 

Adjoited Serrlce Certificate Itond 

Tederal Depoilt Inartrance Corporation. 
Toderal Old-A«o and SuttItom Inror- 

ance Tmit Ittnd 

federal SaTls^i and Loan Innranoe 

Corporation 

OoTeroaent Life Inroranee fond 

OoTemaent Setlrenent Amdi 

latlonal Serrlce Life Inrarane* Toad. . 

Poital Sarln^s Syitemi 

Ballroad aetlraaent leeowit 

Dnea^loyiient Trait Ittnd 

Total ipeoial iiiuet ■ 



1933 



951* 
2,108 

5, 216 
9.007 



21,83^ 



21,«3'» 



92 



Total Intereit-bearlnx d*bt. 



Matured dabt on vhleli Intareit bai eeaied. 

Debt bearing no Intereiti 

United Statei laTlngi itaapi 1/ 

United Statei notei (leii gold reierre) . 
Dapeilti for retlrenent of national bank 

and Tederal Eeierre Bank notei 

Other debt bearish no intereit 

Total debt bearing no Intereit 

Total poblic debt outitandinc 

Seeuritiei goaranteed by the United Statei g/ 
Intereit-bearlnc debt: 
Public liiuei: 

Marketable liiusi 

Commodity Credit Corporation 

rederal Tbtk Hortgaca Corporation... 

Tederal Housing Adulalstration 

lederal Public Housing Authority.... 

HoBi Owners' Loan Corporation 

Beconstructlon rinance Corporation. . 
Total narkstable isiusi 

lon-narketabla issues 

CoDoodlty Credit Corporation 2/ 

Total interest-bearing debt 



Matured debt on which Interest hai eeaeed. 



193^ 



1,1*04 
1,517 
6.653 
9.333 
7.177 



26,08U 



26.08U 



118 



231 



323 



22,15s 



66 



191 



Total lecurities outstanding guarmteed 
by the United States 



Total public debt and guaranteed 
obllgationi 2/ 

Intereit-bearlng debt 

Matured debt and debt bearing no Intereit. 

Total ontitandlng 



119 
5 



1935 



2^3 

35 



396 



315 



22.539 



22,15« 
381 



26,U80 



5^ 



191 

322 
5 



518 



27.053 



312 

13U 
235 

681 



681 



2,053 

10,023 
12,684 

2,190 



26,950 



62 



681 



22.539 



27.161 

573 

27.73'* 



62 



27,012 



156 
100 



1936 



253 

125 



633 



27.61*5 



231 



191 



629 
5 



825 



28,701 



1,226 

2.6U7 
250 



"♦,123 



U,i23 



2.35"* 

11.381 

17.168 

200 



31.102 

316 

9'*5 



1,261 



32.363 



127 
100 



280 

100 

19 



1937 



2.303 

10,617 

19.936 

198 



33.05"* 

800 

389 



626 



32.989 



169 



191 

kzk 
5 



620 



1*,123 



31.768 
1,056 



32,82'* 



33.779 



1,>»22 



3,oUi* 
252 



U,718 



1*,718 



1,188 



3lt,2lt2 



38 

95 

267 



500 

316 
30 

312 



1938 



1939 



1.558 



35.800 



119 



191 

310 
5 



506 



36,i«5 



U,718 



l,U22 



2.987 

255 



"♦,665 



>*.665 



1,151* 
9.11*7 

21,81*6 

197 



32.31*1* 

1.238 
319 



1.556 



33.900 

26 

85 

662 



523 
396 

•♦5 

66 

872 



2,676 



36.576 



11*1 



191 

252 

5 



1*1*7 



37.165 



i»,665 



37.707 
790 



38.it97 



1*0,1*65 
625 



1*1,089 



206 

1,1*10 

1 

2.937 
299 



"♦,853 



'*.853 



1.308 

7.21*3 

25,218 

196 



33.965 
1,868 

283 



2.151 



36,116 



20 
101 

1.177 



$73 

128 

67 

1.267 



191*0 



3.770 



39.886 



ll*2 



191 

215 

5 



1*11 



i*o,uito 



'*.853 



Ul,l*28 

589 



1*2,018 



206 

1.379 
2,928 

820 



5.'*50 



5,1*50 



1.302 

6.383 

26,555 

196 



3U.U36 

2,905 
261 



3.166 



37.602 



11 
56 

1.738 



52i* 
559 

97 

79 

1.710 



191*1 



'*.775 



1*2,376 



205 



191 

190 
6 



386 



1*2,968 



U07 
1.269 

8 

uu 
2,603 
1.096 



5.1*98 



5. '♦51 



1*5.336 
55'* 



1*5,890 



5,1*98 
31 



1.603 

5.698 

30,215 

196 



37.713 
i*.3l'* 

21*1 



'*.555 



1*2,267 



19 
90 

2.381 

5 
531 
656 

3 

88 

7"* 

2.273 



191*2 



6,120 



1*8,387 



205 



191 

^1 



369 



1*8,961 



5.529 



1*7.871* 
622 



1*8,1*96 



696 
1.269 

22b 
2.1*09 
1,71*1 



6,360 



2,508 
3.096 

6,689 

38.085 

196 



50.573 



10,188 

3.015 

229 

72. 



13.510 



61*, 083 



18 

95 

3.133 

5 
537 
796 

56 

92 

3, 111* 



Ind of nonth 



7.885 



71,968 



98 



191 

159 
6 



356 



72,1*22 



701 

930 

21 

llU 

1.563 
1,219 



6,360 
11 



6,370 



5'*. 71*7 
585 



55.332 



i*,5i*9 



i*,5i*9 



i*,568 



76.517 
i*7'* 



76,991 



191*2 



Oct. 



Hot. 



5.126 

6,211 

10,095 

1*3,381 
196 



65,008 



13.381 

^.961* 

225 

102 



18,672 



83,680 
18 

95 

3.310 

6 
525 
930 
101 

51 
196 

3.31*7 



5.721 
7,161 

10.095 

1*3,381 

196 



8,585 



92.265 



86 



200 

191 



'1 



553 



92.901* 



701 
930 

21 
111* 

1.533 



'*.195 



1*8 



Dee. 



66.55I* 



ii*,079 
5.703 

225 
111 



20,117 



86,671 



18 

95 

3.300 

6 
526 
91*1 

121 

57 

185 

3.538 



6,627 
10,53'* 

9.863 

1*9,268 

196 



76,1*88 



15.050 
6,381* 

22l* 
130 



21,788 



8.787 



98.276 



18 

95 

3.1*62 

6 
526 

3.597 



9.032 



95.1*58 107. 308 



90 

216 
191 

155 

6 



568 



96.116 



l*,2l*3 



22 



i*,265 



96.509 
660 



97.169 



701 
930 

21 

iiU 
1.533 



'*.195 



1*8 



U.2i*i* 



20 



75 



2a 

191 

'1 



787 



108,170 



701 
930 

22 

111* 

1.533 



1*,196 



87 



1*,283 



18 



1*,261* 



99.702 
677 



100.379 



i*,30l 



111.591 

880 



112. U7I 



Source: Dally Treasury Statements. 

* Less than $500,000. 

1/ United States saTlng* stamps sold prior to October 1, I9U2 were 

sold as obligations of the Postal Savings System; stamps sold 2/ 

cosmencing October 1, 19U2 have been public debt obligation!. 

The outstanding savings stamps which were formerly obllgationi 

of the Postal Savings System wsrs incorporated Into the public J/ 



debt statement in three installments, the first of which occurred 

on September 30, I9U2, the second on October 31, 19l*2. and the 

third on Hovember 30. I9U2. 

Ixcludes guaranteed securities which were sold directly to the 

Treasury. Consists only of securities guaranteed by the 

United States as to both principal and intereet. 

Demand obligations. 



31 



Composition of the Interest-Bearing Public Debt 



1933. 
193'i. 
1935. 
1936. 
1937. 

193«. 
1939- 
19 W. 
191*1. 
19)»2. 



bd of fiscal year 
or Bonth 



X9Ul-Deeamtiar.. 

February. . 
Harob 

iprll 

•fay 

June 

July 

ilu^at . . . . 
Sapteolier. 
October... 
HoTeober. . 
December.. 



Interest-bearing public debt outstanding l/ 
(In ailllons of dollars) 



Total 



Bonds 



22,158 

26,1*80 

27.645 
32.989 
35.«oo 


14,223 

16,510 

18.628 

a, 322 


36.576 
39.886 
'♦2,376 
48.387 
71.968 


'«,776 


57.1*51 


uo,ooo 


59.531 
61.895 
61,91*0 


42,078 
44,305 
44,847 


6i*,l»96 
68,108 
71,968 


45.363 
48.157 
48.776 


76,691* 
81,2l*i* 
85.81*7 


51.765 
53.680 
54.413 


92,265 

95.458 

107,308 


57.285 
57.991 
64,868 



Hotes 



4,548 

6.653 

10,023 

11,381 

10,617 

9.147 
7.243 
6.3«3 
5.698 
9.703 

8,468 
8,288 
8.398 
8.107 

8.315 
8,670 
9.703 

10,046 
10,428 

12,095 

15.059 

15.798 
16,247 



Bills and 
certificates 

of 
Indebtedness 



Source: Dally Treasury Statenenta. 

1/ Does not Include securities Issued by Federal agencies aid 
guaranteed by the United States. 



3.063 
2,921 
2.053 
2.39i 
2.303 

1,154 
I.3O8 

1.302 
1,603 
5.604 

2,002 
2.101 
2,002 
1,652 

3.460 
3.764 
5.604 

6.759 
8.873 

10,829 

11,336 
12,882 
17.161 



Special 
Issues 



323 

396 

633 
626 

1.558 

2,676 
3.770 
't.775 

6.120 

7.8«5 

6.982 

7.063 
7.190 
7.333 

7.358 
7. 518 
7.885 
8,125 
8,262 
8.509 
8.585 
8,787 

9.032 



Percent of Interest-bearing public debt 



Total 



100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



Bonds 



64.2 
62.4 

54.0 
56.5 
59.6 

69.1 
70.6 

72.3 

67.8 

69.6 

70.7 
71.6 

72.4 

70.3 

70.8 
67.8 

67.5 

66.1 
63.4 

62.1 
60.8 
60.5 



Botes 



20.5 
25.1 
36.3 
34.5 
29.7 

25.0 
18.2 

15.1 
U.8 
13.>* 

14.7 

13.9 
13.6 
13.1 

12.9 
12.7 
13.4 

13.1 
12.8 
14.1 

16.3 
16.5 
15.1 



Bills and 
certificates 

of 
Indebtedness 



13.8 

11.0 

7.>» 

3.2 

3.3 

3.1 
33 
7.8 

3.5 

3.5 
3.2 
2.7 

5.5 
7.8 

8.8 
10.9 
12.6 

12.3 

13.5 

16.0 



Special 
Issues 



1-5 
1-5 
2-3 
1-9 
H.3 

7.3 

9.5 

U.3 

12.6 
11.0 

12.2 

11.9 

11.6 

11.8 

11.4 

11.0 

11.0 

10.6 

10.2 

9.9 

9.3 

9.2 

8.4 




nsoal year 
or nontb 



1933 

1934 

1935 

1936 

1937 

1938 

1939 

191*0 

1941 

1942 

1941-DeceBber 

1942-January 

February 

March 

i*rll 

M«y 

June 

July 

August 

September 

October 

HoTember 

Dscomber 

Sourcei Dally Treasury Statements 
* Less than $50,000. 



Total 



9.697.1 
13.583.0 
13.125-5 

14,120.8 
9.589.4 

9.620.8 
13. 083. 6 
13.165.6 
17,846.7 
37.164.3 



.5^7.1 

,074.7 
,160.6 
.593.4 
,116.4 
,300.0 
,210.9 
277.0 



.929.4 
,729.9 

,643.1 



Public Debt Receipts and Expenditures 

(In millions of dollars) 



Baoalpts 



Public issues 



Oaah 



9.392.0 
9.160.9 
5.715-9 
8,958.0 
6,198.6 

'♦.775.8 

7.»»75.l 

7.194.4 

10,462.1 

30,690.9 

3.282.5 

2.527.1 
2,999.8 
1.403.0 

3.051.3 
1*. 119.1 
5.214.4 

5.008.4 
5.384.6 
7.829-7 
7,806.9 
6,506.5 
15.369.8 



Adjusted 
serrlce 
bonds 



1,668.8 
140.6 

12.8 

6.6 

8.4 
2.2 
1.3 



SxotaaQ^et 



4.158.5 
6,963.7 

2,978.2 
1.751.4 

2,673.8 
3.034.9 
2.812.0 

3.141.6 

596.0 



406.2 
.2 



Special 
issues 



48.6 
19.7 



305.0 
263.7 
445.9 

515.9 
1.498.9 

2.158.5 
2.567.1 

4!240.8 
5.876.2 

264.5 
l4i.3 
160.5 
190.4 

64.9 

I8O.7 

3.996.4 

268.5 
193-7 
290-0 

102.7 
223.3 
273.2 



Total 



6,645.4 
9.068.5 
il.'»77-7 
9.043.2 
6.9'*3.3 

8,880.7 

9,808.8 

10,637.6 

U,<52.8 

13.703.3 

648.8 
1,001.3 

791.7 
1.554.7 

574.4 
7 


2 

3 




9 



Expenditures 



Public issues 



690, 
5.359. 

563. 
1,029. 
3.370, 

1.509. 
3.517. 
3.589-0 



6,35^.6 

4.305.1 
5.^2.0 
4,625.0 

5.166.0 
5.301.0 
5.679-8 
5.8I5.6 
8,996.1 

559.5 

535.'t 

757.8 

1,507.6 

533-7 
670 -0 

1.729.8 
534.6 
973-2 

3.278.6 

1.462.2 
3.496-e 
3.560.3 



Izohaages 



4.158,5 
6.963 -7 
2.978.2 
1.751.4 

2,673.8 
3,034.9 
2,812.0 

3.141.6 
596.0 



406.2 

.2 



48.6 
19.7 



Special 
issues 



290.8 
190.6 
208.8 
523.0 
567.0 

1,040.8 
1.472.9 
2,145.8 
2,895.6 
4,111.3 

89-3 
59.7 
33-7 
47.0 

40.6 

20.7 

3.629.2 

28-7 
56.1 
42.8 

27.2 
21.2 
28.7 



boess 

of 

reoetpta 



3.051.7 
4,^4.5 
1,647.8 

5.077.7 
2,646.1 

740.1 
3.27U.8 

2,528.0 
5.993.9 

23,461.0 

2,898.3 

2.073.5 
2.368.9 

38.8 

2.542.6 

3.851-8 
4.713-7 

4,549-0 
4.798.4 

6,420-3 

3.211.9 

12.054.1 



^ 



8- 



o 



o 



O 

o 



o 



32 



o 

CO 



o 



o 



o 

IT) 



o 



o 






CNJ 



CO 
LlJ 

Q 

y 

CD 
Q. 

O 

Z 

< 

Ixl 
CO 



Ho 

CO t/> 2: 

LLl Z 

£2 

^'< 
- i2 

SO 

So 

Z LlJ c^ 
Q^ UJ 2^ 
LU I- 

to 3 Z 

^ m 
Q 2 



z 



CO 



O 

CO 

O 
a. 

O 
U 



00 



10 




3" c 

Zi o o 
-1= ■* 
Ooo — 
O 



o 

CO 



o 

CM 



o 
o 



o 



o 

CO 



o 



o 



O 
ID 



o 



o 

CO 



O 

CM 



33 



Statement of the Debt Position of the United States Government under Limitations 
Imposed by Section 21 of the Second Liberty Bond Act, as amended 
As of December 31, 1942 



Total face sDOunt which may te outstanding at any one time $125,000,000,000 

T&et afflonnt outstandlof as of Decen'tieT 31, 19'^2: 
Interest-'bearln^ securities 
Bonds 

Treasury $1*9,268,120,650 

Savings (maturity value) 1/ 18, 1+85, 093, ^KX) 

Depositary 129,603,000 

Adjusted Service 7211,552,657 

Total Ijonde $68,607,1(09,707 

Treasury notes 21,163,71*7,300 

Certificates of Indebtedness ll*, 11*8,967, 5OO 

Treasury tllle (maturity value) 5,626,982,000 

Total Interest-bearing securities $110,^7,106,507 

Matured obligations on which Interest has ceased 61*, 918,100 

Debt bearing no Interest (United States savings stamps) 221,31*0,388 

Total face amount of securities outstanding 110, 833,361*, 995 

Total amount of authorization unused as of December 3I, 191*2 $ ll*, 166,635,005 

1/ Approximate maturity value. The current redemption value of 
United States savings bonds amounted to $15, 0l*§, 803,916 on 
December 3I, 19U2. 



Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as amended, 
With the Gross Public Debt of the United States as Shovm in the Daily Treasury Statement 

As of December 31, 1942 



Oross public debt outstanding , $108,169,898,1*33 

Total face amount of securities outstanding limited by Section 21 

of the Second Liberty Bond Act, as amended $110, 833,361*, 995 

Less: Unearned discount on savings bonds (difference between 

maturity value and current redemption value) 3,1*35.289,1*81* 

$107,398,075,511 

Add: Securities outstanding not subject to limitation under Section 21; 

Intere»t-bearln#> (eeurltlei $ 195,969,620 

Matured obligations on which interest h&i ceased 10,321*, 200 

Debt Bearing no interest 565, 529 , 102 

771,822,922 

arose public debt outstanding $108,169,898.1*33 



• ■.•■.\'.\'.'.Vs-.'>, 

..■■->>■.■>."'. •■•.■y 




3»^ 

Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing 

Public Debt and Guaranteed Obligations 



(In ■Ullona of dollare) 



bd of fltcal 
7ear or aonth 



1933- 
193'*- 
1935- 
1936- 
1937- 

193«- 
1939- 

igua. 



Total Issued and guaranteed tj 
the United States 



I nt ere st-boarlng 
dett out- 
standing 



igUl-Decesfter. 

191*2- January. . 
Tebruary. 
March 



April. 
May... 

June. . 



July 

August . . . . 
Septemher. 

Octoher... 
Norenher.i 
Cecemher.. 



22.158 
27.161 
31.768 
37.707 

i40,U65 

Ul,U28 

>*5.336 
U7.87'* 
5'*.7'»7 
76.517 

63,768 

65.201* 
67.568 
67.606 

70.163 
73.775 
76.517 

8I.2U5 
85.811 

90.399 

96.509 

99.702 

111.591 



Conputed 
annual 

Interest 
charge 



7U2 
861 
863 
970 
1.01*7 

1.068 
1.1U9 

1.203 

1.335 
1,729 

1.503 

1.537 
1.59'* 
1.609 

1.631* 
1.706 
1.729 

1.8O9 

1.880 

1.938 
2.0U5 

2,092 

2,291 



Confuted 
rate of 
Interest 
(Percent) 



3.350 
3.169 
2.716 
2.573 
2.588 

2.579 
2.53'* 

^.5l'^ 

2.1*38 

2.260 

2.357 

2.358 
2.360 

2.380 

2.329 

2.312 

2.260 

2.227 

2.191 
2.1U3 

2.119 
2.098 
2.053 



Total Issued hy 
the United States 1/ 



Interest-hearing 
deht out- 
standing 



22.158 
26.1*80 
27.61*5 
32.989 
35.800 

36.576 
39.886 
U2.376 

1*8.387 

71.968 

57.>*5l 

59.531 
61.895 
61, gw 

6U,U96 
68.108 
71.968 

76.69U 

81.21*1* 
85.8U7 

92.265 

95.'+58 
107,308 



^""•^D ?^e^suS'ht?7s r r^uded In Interest-hearing deht figures 
at face amount, hut for the purpose of calculating the con- 
puted annual interest charge and the computed rate of Int^e**. 
fhe discount Talue Is used. For the purposes »' f^^f "°f *.''• 
annual Interest charge and rate of Interest on United States 



Confuted 

Interest 
charge 



71*2 
81*2 
751 
8U5 
924 

9U7 
1.037 

1.095 

1.218 

i,6i»i* 
1.38>* 

1.U31 

1,1*88 
1.503 

1.527 
1.600 
1.61*1* 

1.725 
1.796 
1.853 

1.96I* 
2.010 
2,210 



Conputed 
rate of 
Interest 
(Percent) 



3-350 
3. 181 
2.715 
2.562 
2.582 

2.589 
2.600 
2.583 
2.5I8 
2.285 

2.1*09 

2.1*01* 
2.1*01* 
2.1*26 

2.368 
2.3'»9 
2.285 

2.2l*9 
2.210 
2.159 

2.129 
2.106 

2.059 



Total guaranteed hy 
the United States 2/ 



Interest-hearing 
deht out- 
standing 



681 
U.I23 
U,718 
U,665 

U.853 
5.'*50 
5.1*98 
6,360 
i*.5'*9 

6.317 

5.673 
5.673 
5,666 

5.666 
5.667 

U.551 
i».567 
H.552 

U,2i*3 

U.2l4* 

i*.283 



Computed 
annual 

Interest 
charge 



18 
112 
125 
123 



Confuted 
rate of 
Interest 
(Percent) 



2.710 
2.720 
2.650 
2.633 



121 
112 
109 
117 
85 


2.1*98 
2.052 
1.978 

1.83U 
1.861 


119 


1.885 


107 

107 

106 


1.879 
1.879 

1.878 


106 

106 

85 


1.878 
1.878 
1.861 


81* 
8U 
8U 


1.81*8 
1.81*3 
1.81*8 


81 
81 
82 


I.9I8 
I.9I8 
1.905 



Savings honds. Series A-I are considered to yield 2.9O percent 
per annum and Series ? Is considered to yield 2.53 percent. 
Ixcludes securities guaranteed hy the United States which were 
sold directly to the Treasury. Consists only of securities 
guaranteed hy the United States as to hoth principal and 
Interest . 




.-">. 



-^!^sssiB;»: 



35 



Maturity Schedule of Interest-Bearing Public Marketabla Securities 
Issued or Guaranteed by the United States .1/ 
As of December 31, 1042 



Tear 

■onth 



X9U3 



ret. 

Kar. 

•tay. 

Itajr. 



Jan«. 



8*pt. 
Oot.. 
Hot. , 



See. 



Mar.. 
Har.. 
Apr.. 
Apr.. 
Kajr,. 
May.. 
jTina. 
S«pt. 
9«pt. 



r^ff. 



19U5-reb. . 
Mar.. 
Mar.. 

June. 
Sapt. 
Oct.. 
Dee.. 
Dee.. 



19>»6-Jaa. . 
Mar.. 

Mar., 
ipr.. 
June. 
Jtme. 
Dee.. 



19>«7-Nraii. . 
June. 
June. 
Sept. 
Oet.. 
Dec.. 



19>t8-Mar. . 
Mar.. 

June. 
June. 
Sept. 
Dec.. 



igltg-May. . 
June. 
June. 
Sept. 
Dec. 
Deo. . 
Dec. 



193CI-Mar. . 
Mar.. 

Sept. 
Dec. . 



(In allllang ef dollari) 



Deecrlptlon of eecurlty Z/ 



Ireaaury Mile 

5/ef Certificate! of 

Indebtedneti il 
3/^ Treaeury note D 
}M OCO note T 

.651* Oertlfleatee of 

Indebtedneti C 
l-l/Slf Treaeury note A 
i-i/e% Treaiury bond 
l-l/sit BIO note 7 

l/ef) Oertlfleatee of 

Indebtedneti B 
1^ Treaeury note ■ 

3-lA)t Treaeury bond 
T/*)' Oertlfleatee of 

Indebtedneti D . 
7/85^ Oertlfleatee of 

Indabtedneei I . 
l-l/fii> Treaeury note B • 

Total 

1-3/8)1 JPHA note B - 
1^ Treaeury note B . 
3-lA)l TFMC bond 
1^ BTO note W . 
}-lA^ Treaeury bond 
Jfi HOLC bond A ■ 

i/^ Treaeury note A - 
1^ Treaeury note - 
Jf^ Treaeury note D . 
Sfrlee) 
Treaeury bond 



2/lA3. 
3/15A3. 

5 A A3. 



5/1A3.... 
6A5A3.... 

6/15A3-U7. 
7A5A3.... 



8AA3.... 
9A5A3.... 
ioA5A3-i»5. 



UAA3. 
A5A3. 



12/1A3. 



a/iM. 
3A5, 



Total. , 

i-iA)i 

l-l/2)f 

2-3A^ 
3-iA)6 

2-l/2jt 

3A)t 



Jvif^ 

3A5AU-6U. . . 

UAsM 

V15AU-W,.. 

5AAU-52... 

5A5A'*-'t9... 

6A5M 

9A5M 

(Hat. Defence 

9A5AU 

l2A5A'»-5't. . . 



coo note 
Treaeury note A 
Treasury note 
HOLC bond N 
Treasury bond 
Treaeury bond 
Treaeury bond 
Treasury note B . 
Serlee) 



2A5A5 

3A5A5 

3A^A5 

6AA5-U7... 

9A5A5-'*7... 
10A5A3-U5... 

12A5A5 

(Hat. Defense 
isAsAs 



Total., 
^-^^ 

3-iA)t 
3-1/81S 

l-l/2)t 
Total.. 

3* 

1 1/3)6 

3-3/8)6 

2-3A* 

i*-iA)t 

2)1 

Total.. 
2)6 
2-3/¥ 

l-3A)t 

2-l/2)t 

2)t 

Total.. 

% 

■i-i/vf, 

2)t 

2^ 

3-1/8)1 

2-l/2)t 

2)8 

Total.. 

Si 
2)t 
2-l/2)t 

2)t 



ConTeT-sl on bond 
Tr"a«ury note A 
Treasury bond 
Treaiury bond 
Treasury bond 
Treaeury bond 
Treatury note B 



1AA6.... 
3/15A6.... 
3/l5A6-^6. 

6/15A6-U8. 

6/15A6-U9. 

12/15/U6. . . . 



ConTerelon bond 
HOLO bond B 

Treatury bond 
Treasiiry bond 
Treaeury bond 
Treatury bond 



I/1A7.... 

6/1A5-U7. 

6/l5A3-'*7. 

9/i5A5-'»7. 

10/15A7-52. 

12/15 A7.... 



Treaeury bond 
Treatury bond 
Treaiury bond 
Treasury bond 
Tre«» ■ ■ boi^ 
Treat bond 



3/15A8-50. 
5/15M-31. 
6/13M-MS. 
6/15/Ug.... 
9/15M.... 
12/15/U8-50. 



Fine bond 
Treaeury bond 
Treaeury bond 
Treaiury bond 
Treaiury bond 
Treaiury bond 
Treaiury bond 



5/l5/Ui»-i*9. 
6/15/V6-U9. 
6/15/^)9.51. 
9/15/^-51. 

12/15/U9-52. 
12/15/U9-53. 
12/15/149-51. 



Treasury bond 
Treatury 'bond 
Treaeury hood 
Treaeury bond 



3/15A8-50. 

7/15/50-52. 

9/15/50-52. 

12/15/IHS-50. 



Total. 



Detailed annual aaturltiea 



rixed- 

■aturlty 
Ittuea 



6.627 

1,588 

66 

289 

1,506 
629 

324" 
1.609^ 

279^ 



Callable latuet 
elaetlfled by year of 1 



2.035 ■ 

3.795 

U21- 



19.170 
llU 
515 



571 



UlS 
283 

635 



2.53'* 
U12 
718 

1,606 



9*1 
531 



3.261 



3,780 
13 



701 



71'^ 



3,061 
U51 



3.512 



3,808 

16 

503 



rirtt 

call 



U3k 



1,1(01 



1,855 



95 



1.519 
779 
835 



1,037 
It, 261* 



755 
l.2ll» 



1,969 



1489 I 

I 

1,036 ' 



819 



2,31414 



759 



759 
1.115 
1.223 



571 



2,910 



l.OlU 
1,292 

l»91 
1.786 
2,098 



6,682 



1.963 

1.186 



3.li»9 



(Continued on following page) 



rtnal 
oatur 1 ty 



Total annual matnrltlet 



Flied-Baturlty 

Isiuet plue 
callable Issues 
elaetlfled by year 
of first call 



rixed-naturlty 
Issuei plut 

callable Issuei 
clasilfled by year 
of final maturity 



21,025 



19.170 



6.798 



I.I401 



1,1401 



•^.T?? 



2,53'* 



5.209 



1.519 



1.519 



755 
1*51* 

1.211* 



2, 1423 

1,036' 



1.036 

335 
819 



i.65it 
1,115 



6,1214 



1.I173 



6,l42? 



■?.299 



3,137 



l4,5l4« 



571 



1,687 



6,682 



3.11^ 



1.651* 



1.687 



36 



Maturity Schedule of Interest-Bearing Public Marketable Securities 
Issued or Guaranteed by the United States^ 
As of December 31, 1Q42 - (Continued) 



Tear 
■onth 



1951-Mar... 
June, . 
Jane. . 
Sept . . 
Sept.. 
Dee. . . 
Sac . 
Dec, 



1952-Mar.. 
Mar.. 
May.. 
Jane. 
Sept. 
Oct.. 
Dec 



1933-J'ane. 
Dec 
Dec 



195U-l(ar. . 
June. 
Jone. 
Dec. . 



1955-Mar.. 
June. 
June. 
Sept. 
Dec 



195fe.»(ar. . 
Mar.. 

June. 



1957 

1958-Mar. . 
Jane. 



1959-S«pt. 
1960-Mar.. 



1961-Jane... 

1962- June... 

1963-^<^*- ■• 
Dec. . . . 

196U-Mar. . , 

1965-Dec 

1966 

1967 -June. ■ c 
Sept.. 



1968-Dec. . . 

1969 

1970 

1971 

1972-3ept., 



2-lM 
2% 



Treaffory bond 
Treasury bond 
Treasury bend 
Treasury "bond 
Treasury bond 
Treasury bond 
Treasury bond 
Treasury bond 



3/15/^8-51. 

6/15/1*9-51. 

6/15/51-5^. 

9/15/^9-51. 

9/15/51-55. 
12/15/51-53. 
12/15/51-55. 
i2/i5/'*9/5l. 



Total 

2-1/2^ Treasury bond 
2% Treasury bond 

3^ HOLC bond 

2-l/Ujl Treasury bond 
2-l/25t Treasury bond 
U-l/U^ Treasury bond 
3-1 /g% Treasury ^nd 



3/15/52-5^. 

3/15/50-52. 
5/1/U14-52. 

6/15/52-55. 

9/15/50-52. 
10/15/^7-52. 
l2/l5/'*9-52. 



2% Treasury bond 

2-1/251 Treasury bond 
2-1/U51 Treasury bond 



- 6/15/55-55. 

- 12/l5/'*9-53. 

- 12/15/51-53. 



Total. 



2.l/2jt Treaeury bond 
2-3/U^ Treasury bond 
2-iP*i> Treaeury bond 
hit Treasury bond 



- 3/15/52-^. 

- 6/15/51-5^. 

- 6/15/5^56. 

- 12/15/1*'^5'*. 



2_7/g5t Treaeury bond 
2-l/U)t Treasury bond 
2ll Treasury bond 

3^ Treasury bond 

2^ Treasury bond 



- 3/15/55-60. 

- 6/15/52-55. 

- 6/15/55-55. 

- 9/15/51-55. 

- 12/15/51-55. 



Total 

3_3/Ujl Treasury bond 
2-1/251 Treasury bond 
2-1/1*^ Treasury bond 
2-3/U5t Treasury bond 



. 3/i5/'*6-56. 

- 3/15/56-5*. 

- 6/15/5^56. 

- 9/15/56-59. 



Total. 



2-1/2^ Treasury bond 
2-3 /U^ Treasury bond 



- 3/15/5&-58. 

- 6/15/58-63. 



Total 

2_3/l*5t Treaeury bond 

2.7/85I Treasury bond 
2-3 /U5I Treasury bond 

Total 

3]( PanBBa Canal 
bond 

2-1/251 Treasury bond 

2.3/1*^ Treasury bond 
2-\/ei> Treasury bond 



- 9/15/56-59.. 

- 3/15/55-60.. 

- 12/15/60-65.. 



6/1/61.... 

6/15/62-67. 

6/15/58-63. 
12/15/65-68. 



Total 

3-l/U^ ITMC bond 
2-3/^ Treasury bond 



j/l5/UU-61t. 
12/15/60-65. 



2-1/2^ Treasury bond 
2-\/2t> Treasury bond 



- 6/15/62-67. 

- 9/15/67-72. 



Total 

2-l/2^ Treaeury bond 



12/15/63-68. 



(In Billions of dollars) 



Description of security 2/ 



Detailed -""""i maturities 



Tiied- 

Baturity 

issues 



Callable issues 
classified by year of: 



Ilrst 
call 



1,627 



755 

1.118 

510 



Tioal 
maturity 



1.225 
1,014 



1.292 



li.Oll 
I.02U 



1.501 



2.52'» 
725 



725 



2,098 



5.628 



Total annual maturities 



Fixed-maturity 

issues plus 
callable issues 
classified by year 
of first call 



Fixed-maturity 

issues plus 

callable issues 

classified by year 

of final maturity 



U.Oll 



,963 
779 



1,186 

759 
U91 



5.178 



1,786 
1.118 



681 



681 

2.611 



50 



2-1/251 Treasury bond - 9/15/67-72- 



Source: Daily Treasury Statement, and reports to the Treasury. 
1/ Ijicludes postal sstIo^s bonds and Federal Housing 

idaioistratlon debentures. 
2/ It should be noted that callable Issues appear twice in 
~ this eolumn, once In the year of first call and again 

in the year of final maturity. Callable Issues with 



2, 611 



2.90'» 
1,02'» 
1,627 



1.037 



3.687 



1,501 
725 
755 
510 



1,1*9 



982 



2,'*51 



919 



919 



i.'*85 



iM^ 



5, '♦91 
U89 



681 



1.170 



l,W»9 



1,1*1*9 

982 

2,611 



2.611 



2.UB 



2,827 



2.827 



919 



2,716 
2,716 



919 

95 

1,1*85 



2,118 



2,118 
2,827 



2.716 



2,52'» 



725 



681 



2,611 



2,'»31 



919 



1,U85 

50 

2,118 



2,827 



2,716 



5,628 



5,178 



2.901* 



5,687 



5.'«9l 



1,170 



1,1*1*9 
982 

2,611 
50 



919 

95 

1,1*85 



2,118 
2,827 



2,716 



respect to which a definite notice of call has been made, 
however, are listed as fixed maturities. The abbrerlations 
refer to the following corporations: Home Owners' Loan 
Corporation, Reconstruction Finance Corporation, Commodity 
Credit Corporation, Federal Farm Mortgage Corporation, 
Federal Public Housing Authority. 



and 



37 



Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness 1/ 

Since January 1, 1939 



















( In m 


illions 


of dollars) 






















Description of new Treasury security 2/ 


Amount issued 




Description of security refunded 


Date of J) 
an- J 
nounce- 
metit 


ate of 

Inanc- 

Ing 


Date 
of issue 


Coupon 

rate 

(percent) 


Call and 

maturity 

dates 


Term 


Total 


For 


cash 


For 
ex- 
change 


Public 

cash 

sub 

scrlp- 

tions 

tendered 


Class of 
security 


Coupon 
rate 
(per- 
cent) 


Call and 

maturity 

dates 


Date of 

original 

Issue 


To call 


ro maturity 


Pub- 
lic 


Govern- 
ment 
accounts 

u 


Notes 


Bonds 


Yrs. 


Mos. 


Ifrs. 


Mos. 


Offerings in 1939 


3/6 


3/15 


12/15/38 !*/ 

9/15/38 5/ 

12/15/38 5/ 


1-1/8 


2-1/2 
2-3/1* 


12/15/1*3 
9/15/50-52 
12/15/60-65 


12 
22 


- 


5 

ll* 
27 


- 


53 
319 
89I* 


- 


- 


53 
319 
89I* 


- 


Treas.note 
Treas.note 
Treas.note 


2-1/8 
2-1/8 
2-1/g 


6/15/39 
6/15/39 
6/15/39 


6/15 /3U 
6/15/3I* 
6/15/3U 


6/5 


6/15 


6/15/39 


3/1* 


- 


6/15/1*1* 


- 


- 


5 


- 


Ui6 


- 


- 


Ui6 


- 


Treas.note 


1-3/8 


9/15/39 


6/15/37 


10/23 


11/1 


11/1/39 


1 


- 


3/15/W* 


- 


- 


1* 


U-1/2 


515 


- 


- 


515 


- 


Treas.note 


1-3/8 


12/15/39 


7/15/35 


11/27 


12 /g 


12/8/39 


- 


2 


12/15/1*8-50 


9 


1/1* 


11 


1/1* 


571 


521 


50 


- 


6.261* 


- 


- 


- 


- 


12/12 


12/22| 


12/22/39 
12/22/39 


1 


2-1/U 


9/15/1*1* 
12/15/51-53 


11 


n-3/1* 


1* 
13 


9 
11-3/1* 


283 
1,118 


- 


100 


283 
1,018 


- 


Treas.note 
Treas.note 


1-5/8 
1-5/8 


3/15/Uo 
3/15/UO 


3/15/35 
3/15/35 


Offerings in 19 


1+0 


1 


— W 


3/15 


3/15/1*0 


3/1* 


- 


3/15/1*5 


- 


- 


5 


- 


718 


- 


- 


718 


- 


Treas.note 


1-1/2 


6/15/UO 


6/15/35 


6/10 


6/15 


6/i5/'»0 


1 


- 


9/15/1*3 


- 


- 


3 


3 


279 


- 


- 


279 


- 


Treas.bond 


3-3/8 


6/15/U0-U3 7/16/28 1 


7/11 


7/22 


7/22/1*0 


- 


2-1/1* 


6/i5/5i*-56 


13 


10-3/1* 


15 


10-3/1* 


681 


631 


50 


- 


6.605 


- 


- 


- 


- 


9/25 


10/7 


10/7/1+0 


- 


2 


6/15/53-55 


12 


8-1/1* 


ll* 


8.1/1* 


725 


- 


- 


725 


- 


Treas.note 


1-1/2 


12/15/uo 


12/16/35 


12/11 


12/lg 


12/18/1*0 


3/1* T 


- 


12/15/1*5 


- 


- 


5 


- 


531 


531 


- 


- 


i+,07i 


- 


- 


- 


- 


Offerings in 1941 | 


1/23 


1/31 


1/31/1*1 


3/U T 


- 


9/15/1*1* 


- 




3 


7-1/2 


635 


635 


- 


- 


2.756 


- 


- 


- 


- 


2/25 


3/15 


[3/15/1*1 
[3/15/1*1 


3/1* T 


2 T 


3/15/1*3 
3/15/1*8-50 


7 


- 


2 
9 


~ 


32 

1,116 


- 


- 


r 5 

I 28 

ri*g2 

[63U 


- 


Treas.bond 
Treas.note 

Treas.bond 
Treas.note 


3-3/8 
1-1/2 

3-3/8 
1-1/2 


3/15/U1-U3 
3/15/1+1 
3/15/U1-U3 
3/15/ul 


3/16/31 
3/16/36 

3/16/31 
3/16/36 


3/19 


3/31 


f3/l5/i*l 1/ 
3/31/1*1 


3/1* T 


2-1/2 I 


3/15/1*3 
3/15/52-51* 


10 


11-1/2 


2 

12 


11-1/2 


33 

1,021* 


526 


50 


33 

UU7 


6,lU5 


Treas.note 
Treas.note 


1-3/8 
1-3/8 


6/15/ul 
6/15/ul 


6/15/36 
6/15/36 


5/22 


6/2 


/3/i5/i*i 1/ 

1 6/2/1*1 


3/1* T 


2-1/2 r 


3/15/1*3 
3/15/56-58 


ll* 


9-1/2 


2 
16 


9-1/2 


1 
1,1*1*9 


662 


^ 


1 
787 


8,268 


Treas.bond 
Treas.bond 


3-1/1* 
3-1/1* 


8/1/Ul 
g/l/Ul 


8/15/33 
8/15/33 


10/9 


10/20 


10/20/1*1 


- 


2-1/2 T 


9/15/67-72 


25 


10-3/1* 


30 


10-3/1* 


1.596 


1.307 


100 


189 


10,1*1*6 


Treas.note 


1-1/U 


12/15/ul 


12/15/36 


10/23 


11/1 


11/1/1*1 


1 T 


- 


3/15/1*6 


- 


- 


u 


1+-1/2 


503 


- 


- 


[299 8/ 
1203 8/ 


_ 


RFC note 
CCC note 


7/8 

1 


11/1/Ul 
11/15/1*1 


11/1/38 

11/2/39 


12/1* 


12/15 


12/15 /itl 

[10/20 /1*1 ll 


- 


2 T 
2-1/2 T 


12/15/51-55 
9/15/67-72 


10 

25 


10-3/1+ 


ll* 
30 


10-3/1* 


533 
1,120 


533 
1,070 


50 


_ 


■+.728 
6,979 


- 


- 


- 


- 


Offerings in 19 


1+2 1 


1/11 


1/15 


1/15/1*2 


- 


2 T 


6/15/1*9-51 


7 


5 


9 


5 


l,OlU 




- 




1*06 

3O8 8/ 

205 8/ 

968/ 


- 


Treas.note 
RFC note 
FFMC bond 
FFMC bond 


1-3/1* 
7/8 
3 
2-3/1* 


3 15/U2 
1/15/1*2 
I/15/U2-U7 
3/1/U2.U7 


6/15/37 

2/15/39 

1/15/35 

3/1/35 


2/13 
4/6 

s/i* 

5/U 


2/25 

"t/lS 

5/5 

5/15 


2/25 /Itf 

U/15/1*! 

5/5/1*2 

5/15/1*2 


1/2 12/ 


2-1/U T 

2-1/2 T 
2 I 


6/15/62-67 
9/15/1+9-51 


10 

20 

7 


3-2/3 

1-1/3 
1* 


13 

25 
9 


3-2/3 
6-1/2 

1-1/3 
1* 


1,511 

1,507 

882 

1.292 


1.511 

1,507 

882 

1,292 


_ 


- 


1+.697 

3,062 

882 

3.283 


- 


- 


- 


- 


5/25 


6/5 


6I5P*2 


1-1/2 T 


- 


12/15/1*6 


- 


- 


1* 


6-1/3 


l,llg 


- 


- 


gi+6 
272 


_ 


HOLC bond 
RFC note 


2-1/U 
1 


7/I/U2-UU 
7/1/U2 


7/1/35 
11/10/39 


6/lg 

7/8 

8/3 

g/6 

9/10 

9/10 

10/g 

10/g 

10/26 


6/25 

7/15 

8/3 

8/15 

9/21 

9/25 

10/15 

10/19 

11/2 


6/25/1*2 

7/15/1*2 

5/5/1*2 1/ 
8/15/1*2 
9/21/1*2 
9/25/1*2 

6/5/1*2 1/ 

10/19/1*2 
11/2/1*2 


5/8 Ti/ 

7/8 T2/ 
.65 Ti/ 
1-1/1* T 
1-1/2 T 

7/8 T2/ 


2 T 
2-1/2 T 

2 T 


2/1/1*3 

12/15/1*9-51 
6/15/62-67 

8/1/1*3 

5/1/1*3 

3/15/1*5 

12/15/1*6 

3/15/50-52 

11/1/1*3 


7 

20 

7 


5 
1-1/3 

5 


9 
25 

2 
1* 

9 

1 


7 
5 
1-1/3 

11-1/2 

7-1/3 
^2/3 
6-1/3 

5 


1,588 
2.098 
1,236 
1,609 
1.506 
1,606 
2,11*2 
1,963 
2.035 


1,588 
2.098 
1,236 
1,609 
1,506 
1,606 
2.II+2 
1,963 

2.035 

10/ 


- 


- 


3,lll+ 
3.8U9 
1.236 
3.273 
1,992 
3.6;37 
2.11*2 
1.963 
3.105 


Ctf. of in- 
debtedness 


i/2 


II/I/U2 


U/15/U2 


11/30 
11/30 
11/30 


12/1 
12/1 
12/1 


12/1/U2 
12/1/1*2 
12/1/U2 


7/8 Ta/ 


2-1/2 I 
1-3/1* I 


12/15/63-68 
6/15/1*8 
12/1/1*3 


21 


1/2 


26 

5 
1 


1/2 1 
6-1/2^ 


a 831 

3.062 

3.799 


2,831 
3.062 

3.799 


- 


- 


2,831 
3.36I+ 

5.181* 


- 


- 


- 


- 


Back F 


igures; 


For period 


between 


J'Oly 1, 


1932 and I 


)ec« 


smbST 


31, 19 


38 e 


ee 




j*y Ad 


ditlonal 





ffering 


at 101 


of security 


alreadj 


r outstandin 


«• 



Annual Report of the Secretary of the Treasury for 19UO. pp. 53-5U. 
T Taxable issue. 

1/ A complete record of market financing operations conducted by the 
Treasury for agencies issuing securities guaranteed by the United 
States may be found in the July I9U2 issue of the ''Treasury Bulletin", 
page 6U. 

2/ Unless otherwise indicated, each offering was at par. 

2j The amounts shown in this column were sold to Oovernment investment 
accounts direct from amounts set aside for this purpose. 



Additional offering at 102-1/2 of security already outstanding. 
V/ Additional offering at 102-3/8 of security alrea(^ outstanding. 
Jj Additional offering at par of security already outstanding. 
8/ Proceeds of payment of refunded security applied to payment for 

new issue - in effect an exchange and so treated in this statement. 
2/ Certificates of indebtedness. 
10/ Issued primarily for refunding maturing security. 



38 



Offerings and Maturities of Treasury Bills, Beginning December 1, 1941 



Date of 

new issue 

or of 

maturity of 

old issue 



19Ul-Dec. 3. 

Dec. 10. 

Dec. 17. 

Dec. 2h, 

Dec. 31. 

19U2-Jan. ?• 

Jan. Ik. 

Jan. 21. 

Jan. 28. 

Teb. U. 

Teb. 11. 

Teb. IS. 

Ttib. 25. 

Mar. U. 

Mar. 11. 



Mar. 
Mar. 



16. 
17. 



Mar. IS. 
M«r. 19. 
Mar. 25. 



ipr. 
ipr. 



1. 
8. 

15. 



ipr. 22.. 
ipr. 29.. 

Majr 6.. 

May 13.. 

May 20.. 

May 27.. 

June 3*' 
June 10. . 
June 16., 
June 17.' 
June 18.. 
June 19.. 
June 2k.. 

July 1.. 
July 8. . 
July 15. , 
July 22. 
July 29. 

A«€. 5. 

Aug. 12. 

in«. 19. 

iug. 26. 

Sept. 2. 
Sept. 9. 
Sept. 16. 
Sept. 17. 
Sept. 23. 
Sept. 30. 

Oct. 7. 
Oct. lU. 
Oct. 21. 
Oct. 28. 

Hot. U. 
Hot. 12. 
lOT. 18. 
Hot. 25. 

Dec. 2. 

Dec. 9. 

Dec. 16. 

Dec. 23. 

Dec. 30. 



Data on new Issues 



Maturity 
date 



19'»2-Mar. U. 
Mar. 11. 
Mar. 18. 
Mar. 16. 
Mar. 17. 

Mar. 19. 

ipr. 15. 

ipr. 22. 

i^r. 29. 

May 6. 

May 13. 

May 20. 

May 27. 

June 3. 
June 10. 



Jtme 17. 

June 16. 

June 18. 
June 19. 
July 15. 
July 22. 
July 29. 

Aug. 5. 
Aug. 12. 
Aug. 19. 
Aug. 26. 

Sept. 2. 
Sept. 9. 

Sept. 16. 



Sept. 17.. 

Sept. 30.. 
Oct. 7.. 
Oct. Ik.. 
Oct. 21. 
Oct. 28. 

Not. U. 

Hot. 12. 

Hot. 18. 

Hot. 25. 

Dec. 2. 
Dec. 9. 
Dec. 16. 

Dec. 23. 
Dec. 30. 

19U3-Jan. 6. 

Jan. 13. 

Jan. 20. 

Jan. 27. 

Tab. 3. 

reb. 10. 

Feb. 17. 

Jeb. 2l*. 

Mar. 3. 

Mar. 10. 

Mar. 17. 

Mar. 2U. 

Mar. 31. 



Hunber of 
days to 
maturity 



91 
91 
91 
82 
76 

71 
91 
91 
91 

91 
91 
91 
91 

91 
91 



91 

83 

78 
72 
91 
91 
91 

91 
91 
91 
9X 

9X 
91 

91 

85 

91 
91 
91 
91 
91 

91 
92 
91 
91 

91 
91 
91 

91 
91 

91 
91 
91 
91 

91 
90 
91 
91 

91 
91 
91 
91 
91 



Amount of cash 

subscriptions 

tendered 



Bids accepted 



(In millions 
of dollars) 

U68.2 
U03.I 
382.7 

352.9 
317.1 

351.6 
38'».7 
351.6 
371.5 

Uio.l 
itoo.o 
342,1 
385.8 

510.2 
1*71.3 



535.5 
512.8 

356.7 
1 

2 

7 
1* 



33'*. 
311. 
332. 
375. 

35^^.6 
5I46.U 
567.2 
U61.3 

1*96.6 
690.3 

801. 3 



712.6 
671.5 

6U6.1 
650.7 
679.3 
61^5.2 

583.0 
59^.0 
711.5 
891.6 

872.9 
709.8 

882.3 

797.1 
725.6 

773.2 
713.1 
981*. 8 
893.2 

905.7 
1,013.2 

1.157.>* 
1,1U9.2 

1,220.3 
1.222.9 
1.293.8 
1,220.8 
930.3 



(In millions 
of dollars) 

200.2 
150.0 
150.0 
150.2 
150.0 

150.2 
150.0 
150.3 
150.2 

150.1 
150.0 
150.0 
150.U 

150.5 
150.2 



150.3 

150.3 

150.1* 
150.9 
150.1 
150.1 
150.1 

150.1* 
250.7 
251.7 
251.0 

251.3 
300.8 



Average 

price 

per hundred 



301.0 



301.1 

301.9 
300.1 
301.2 
351.9 
350.3 

352.6 

350.7 
352.1* 
353.0 

350.9 

351.2 

lt02.1 

I1OI.5 
1*01.1 

1*00.2 
UOO.U 
505.1 
5OU.6 

500.1 
501.1* 
501.5 
501.2 

503.2 
504.8 
600.8 
601.1 
603.0 



99.939 
99.926 
99.925 
99.933 
99.935 

99.91*0 
99.970 
99.950 
99.91*2 

99.9UI* 

99.937 
99.933 
99.933 

99.91*'* 
99.91*2 



99.951 

99.953 

99.952 
99.9'*7 
99.929 

99.920 
99.915 

99.910 
99.907 
99.908 
99.908 

99.908 
99.907 

99.908 



99.911* 

99.909 
99.908 

99. 908 

99.907 
99.907 

99.906 
99.905 
99.906 
99.907 

99.907 
99.907 
99.907 

99.906 
99.906 

99.907 
99.906 
99.906 

99.906 

99.906 
99.907 
99.906 
99.907 

99.907 
99.907 
99.9O8 
99.908 
99.908 



IquiTalent 
average 
rate 1/ 



(Percent) 



.2U2 
293 
295 
.295 
,310 



O.30U 
0.119 
0.196 
0.231 



0.220 
0.250 
0.263 
0.266 

0.222 
0.229 



0.195 

0.203 

0.221 
0.261* 
0.281 
0.317 
0.335 

0.358 
0.368 
0.365 
0.365 

0.365 
0.366 

0.365 



0.362 

0.360 
0.365 
0.365 
0.368 
0.370 

0.372 
0.372 
0.372 
0.369 

0.367 
0.368 
0.369 

0.370 
0.373 

0.369 
0.373 
0.373 
0.373 

0.373 
0.373 
0.371 
0.370 

0.368 
0.367 
0.361* 
0.363 
0.365 



Amount of 

maturing 

issue 



(In millions 
of dollars) 

100.1* 
101.0 
100.0 
100.7 
100.0 

100.1* 
100.2 



150, 
150, 



150.1 
150.0 
200.2 
200.0 



200.2 
150.0 
150.2 
150.0 
150.0 
150.2 



150.0 
150.3 
150.2 

150.1 
150.0 
150.0 
150.1* 

150.5 
150.2 
150.3 
150.3 
150.1* 
150.9 



150.1 
150.1 
150.1 

150.1* 
250.7 
251.7 
251.0 

251.3 
300.8 
301.0 
301.1 

301.9 



Total bills 

outstanding 

(as of date 

shown in 

first column) 



300, 
301. 
351. 
350. 

352. 
35». 
352. 
353. 



350.9 
351.2 

1*02.1 

1*01.5 
1*01.1 



(In millions 
of dollars) 

I.8O3.I 
1.852.1 
1.902.1 
1.951.5 
2.001.5 

2.051.3 
2,101.1 
2.101.3 
2,101.5 

2,101.1* 
2.101.5 
2,051.3 
2,001.7 

1,952.1 

1.952.3 

1,802.1 
1,652.1 
1.652.3 
1.502.1 
1,652.1* 

1,802.8 
1.953.7 
1.953.7 
1.955.'* 

1.953."* 

1.953.7 

2,05i*.3 
2,156.0 
2,256.6 

2.357.1* 

2,508.0 

2.357.7 
2,508.5 
2,358.1 
2,207.2 
2,508.3 

2,810.2 
3,110.2 
3.261.1* 
3.U63.2 
3.663.3 

3.865.5 
3.965.5 

1*. 066.2 

l*,l68.2 

u, 267.7 

U,318.2 
U, 1*19. 2 
1*, 118.1 

1*,519.7 
i*,6l8.9 

1*. 719.0 

1*, 818.2 

1*. 971.5 
5.125.7 

5.273.3 

5,1*2'*.0 

5.573.2 
5.721.U 

5.873.8 
6.027.3 
6,226.1 
6,1*25.6 
6.627.5 



Source: Accounts of Public Debt SerTlce. 

Bade Tigurea: Annual Beports of the Secretazy of the Treasury. 

r SeTlsed. 

1/ Bank discount basis. 



39 

Sales of Utalted States Savings Bonds 
Table 1,- Suoniary, by Series 



On mllllonii of dollars) 



or Boath 



Aaount 
outstanding 

end of 
fiscal rear 
or aonth l/ 



let 

ehaac* 

dnrlng 

fiscal year 

or Boath 



1935 

1936 

1937 

1938 

1939..... 

19U0 , 

19U1 , 

19U2 , 

19l«l-SeceBber. . 

19lt2-JaBaarr. . , 
Tebmarj. , 
March 

April 

May 

Jnas 

July 

taguit.... 
Septeaber. 

Oetolier. . . 
■oTsaber. . 
Deeeaber. . 

1935 

1936 

1937 

1 

1 jvi-DBCSBbsr. . 

19'*2-Jannary. . . 
f ebruary. . 
March 

iprll 

May 

June, 

July 

Au^st 

Septeaber, 

October. . . 
HoTBBber.. 
CeeeBbsr., 



62.0 

316.1 

799.6 

1.237.7 

1,868.1 

2,9oU.7 

U.311+.0 

10,188.2 

6.139.7 

7,198.3 
7.893.>» 
8.H35.9 

8,951.0 
9.569.0 

10,188.2 

11.077.8 
11,751.2 
12,1*78.8 

13,380.8 
ll>,078.9 

I5.0i>9.« 



♦62.0 

♦25'*. 1 

♦Ue3.5 

♦U38.0 

+630.5 

♦1.036.6 

♦i.i'og.s 

+5.87U.2 

♦520.0 

♦i.05«.6 
♦695.1 
♦5'*2.5 

+515.1 
+618.0 
+619.2 

♦889.7 

♦673.3 

♦727.6 

♦902.0 
+698.0 
♦970.9 



Analysis of net change 



62.0 

316.1 

799.6 

1.237.7 

1,868.1 

2.90U.7 

3.650.2 

3. 604. 2 


+62.0 
+25U.1 
♦1W3.5 

+U}8.0 
+630.5 

♦1,0J6.6 
-1*6.1 


62.6 
26U.0 
512.6 
W7.5 
681*. 5 
1,108.7 
828.0 
.8 


3.616.1 


-H.6 


.3 


3.618.5 


♦2.1* 


.1 


3.616.5 


-2.0 


.1 


3.6i2.i» 


-U.l 


• 


3.608.9 


-3.5 


« 


3.60U.8 


-W.l 


• 


3.6o>*.2 


-.7 


• 


3.609.7 


♦5.6 


* 


3.608.2 


-1.6 


• 


3.606.3 


-1.9 


* 


3. 601*. 2 


-2.2 


• 


3,602.6 


-1.6 


* 


3.603.2 


+.6 


• 



(h'oss sales 



Total 

funds 

recelrad 



AdJustBent 
of sales 
reported 
to funds 

recelred 2/ 



Sales 

reported 

2/ 



Accrual 

of 

redsnptlon 

Talues 



All series U/ 



62.6 

264.0 

512.6 

'*87.5 

68U.5 

1.108.7 

1,1*92.1* 

5.99>*.i 

528.9 

1,060.7 
703.3 
557.9 

530.5 
63U.1* 
633.9, 

900.9 

697.3 
75"*. 7 

935.0 
73»>.6 

l.Ollt.2 



-65.1 
-13.0 r 


62.6 

26U.0 

512.6 

'*87.5 

681*. 5 

1.108.7 

1.557.5 

6,007.1 r 


-125.5 


65"*. 3 


-68.6 r 


1,129.2 


♦117.6 r 


585.7 r 


♦37.7 r 


520.3 


-3.5 


53'*.0 


+16.0 r 


618.U r 


♦5.8 r 


628.2 r 


-3.3 


90U.2 


♦27.3 r 


669.9 r 


-69.0 


823.7 


+132.8 r 


802.2 r 


♦10.8 


723-7 


-20.5 P 


I.O3H.7 p 



7.U 

13.U 

7.6 
6.6 

5.9 
5.8 
8.0 

8.2 
7.2 

7.2 

6.7 

U.ll 



Series A-D 



Bedeaptlotts 



Total 



Original 
purchase 
price 1/ 



.5 
11.2 

36.2 
66.6 
82.0 

111*. 3 

11*8.1 
207.1* 

16.3 

15.U 
15.8 

22.0 

21.3 
22.1 
22.8 

25.5 
32.2 
3U.3 

UO.l 
1*3.2 

5>».7 



.5 
11.1 
35.9 
65.6 

80.0 
110.8 
ll*2.8 
200.9 

I7.7 

IU.8 
15.3 
21.1* 

20.7 
21.6 
22.3 

25.0 
31.6 
33.7 

39. s 

5/ 
5/ 



62.6 


_ 


.5 


.5 


. 


26U.0 


1.2 


11.2 


U.l 


• 


512.6 
i«7.5 


7.2 


36.2 


35.9 


.3 


17.1 


66.6 


65.6 


l.i 


6gU.5 


28.0 


82.0 


80.0 


2.0 


1.108.7 


1*2.1 


111*. 3 


110.8 


3.U 


828.0 


65.0 


l'*7.5 


1U2.2 


5.3 


.8 


85.9 


132.7 


126.2 


6.5 


.3 


7.1* 


12.3 


11.7 


.6 


.1 


13.>» 


U.l 


10.5 


.6 


.1 


7.6 


9.6 


9.1 


.5 


• 


6.6 


10.7 


10.1 


.6 


• 


5.9 


g."* 


8.9 


.5 


• 


U.8 


8.9 


8.1* 


.5 


• 


7.3 


7.9 


7.1* 


.5 


« 


13.2 


7.6 


7.2 


.5 


• 


7.5 


9.0 


8.1* 


.6 


• 


6.5 


8.U 


7.8 


.6 


• 


5.8 


7.9 


7.'^ 


•5 


• 


"♦.7 


6.3 


1/ 


5/ 


* 


7.3 


6.7 


5/ 


5/ 



Interest 
accrued 



1/ 



.3 

1.1 
2.0 
3.1* 
5.3 
6.5 



.6 
.5 
.6 

.5 

.5 
.5 

.5 
.6 
.6 



.5 

5/ 
5/ 



lllii 



(Continued on fallowing page) 



ko 



Sales of United States Savings Bonds - (Continued) 



: :;.sv-:::><^-r 





Fiscal year 
or Donth 



I9UI. 
I9U2. 



igUl-Decenber. 

19'*2-January. . 
Jebruary. 
March 



April. 
Kay. . . 

June. . 



July 

August, . .. 

Septea'ber. 

October. . . 
November. . 
December. . 



I9U1. 
191*2. 



igUl-December. 

19U2_January. . 
February. 
March. . . . 



April. 
May. . . 

June. . 



July 

Au^9t. . . . 
September. 

October. . . 
November. . 
December. . 



I9UI. 
19"*?. 



igUl-Decenber. 

igUj-January. . 
February. 
March. . . . 



Aorll. 
May. . . 

June. . 



July 

Au^^et . . . . 
September. 
October. . . 
November. . 
December. . 



Table 1.- Summary, by Series - (Continued) 

(In mllllonB of dollars) 



Aaount 
outstanding 

end of 
fiscal year 
or month 1/ 



Net 

change 

during 

fiscal year 

or month 



Analysis of net change 



Gross sales 



Total 

funds 

received 



Adjustment 
of sales 
reported 
to funds 

received ?/ 



reported 
2/ 



Accrual 

of 

redemption 

values 



Redemptions 



Total 



Series Z 



203.1 
3,670.8 

1.133.6 

1.798.1 
2.191.5 
2.519.9 
2,836.6 
3,2'*a.9 
3,670.8 

U, 165.1 
U, 600.8 
5,088.8 

5.726.3 
6,237. U 
6.923.2 



♦203.1 
f 3. 1*67. 7 

♦338.0 

♦ 66U.5 

+ 393."* 
+328. U 

♦316.7 
♦U12.3 
♦U21.9 

♦ '49U.3 
♦'*35.7 
♦U88.0 

♦637.5 

♦ 511.1 
+685.8 



203.1 
3.526.3 

3U1.I 

667. U 
398.0 
337.6 

326.7 
1*21.8 
1*33.2 

5O8.I 
1*51*. 
509.9 

66U.g 
51*1.6 
725.8 



-15.3 r 
-61.5 

• 

+31.9 r 

♦ 10.1 

-6.8 
♦ 5.1* r 

♦ lU.2 r 

♦7.7 
♦13.5 r 
-31.6 

♦81.3 r 

+1.2 

-16.1* p 



.203.1 
3,51*1.6 r 

1*02.6 
667. U 
366.1 r 
327.5 

333.'* 
1*16.5 r 

■ng.i r 

500.5 
1*1*0.5 «• 
51*1.1* 
583.6 r 
5^.3 
71+2.2 p 



1.5 



.7 

1.0 

.7 

.7 



1.5 
3-8 



Series F 



66.6 
1*98.9 

207.3 

28U.6 
336.0 
376.7 

U16.3 
1*58.1* 
1*98.9 
572.2 

623.8 

68U.O 

7i*l*.2 
788.6 
853-9 



+66.6 
♦ 1*32.3 

+33.1 

♦77.3 
♦51.1* 
♦U0.7 
+ 39.6 
+1*2.1 
+1*0.5 

+73.3 
+51.6 
+ 60. 2 

+ 60.3 

+1*1*. u 

+65.3 



66.7 
U3U.9 

33.3 

77.6 
51.8 
Ul.l 

1*0.0 

1*2.5 

Ul.O 

73.7 
52.3 
60.8 

60.6 

1*1*. 8 

66.0 



-8.3 

-2.0 

-16.8 

-6.0 

+ 12.0 

+ 1*.U 

+ 1.8 
+ .8 
-.8 

-1.6 
♦ 3.9 

-8.U 

♦ 11.1 
+2.9 

-.6p 



75.0 

1*37.0 

50.0 

83.5 
39.8 

36.6 

38.2 

1*1.7 
U1.9 

75.3 
1*8. U 
69.2 

1*9.5 
1*1.9 
66.6 p 



Series 



39U.O 
2,1*11*. 3 

1,182.8 

1,1*97.2 
1.71*9.3 
1,926.9 
2,089.2 
2,256.9 
2,UlU.3 

2.730.8 
2.918.5 
3.099.7 
3.306.1 

3.i}50.3 
3.669.5 



+39i*.0 
►2,020.3 

+153.5 

+3li*.i* 
+ 252.2 
+177.6 

+162.2 
+167.8 
+ 157.1* 
+ 316.5 

+187.6 

♦ 181.3 

♦206.1* 
+ 1UU.2 
+219.2 



391*. 6 
2,032.1 

151*. 2 
315.6 
253.'* 
179.2 

163.8 
170.1 
159.7 

319.1 
191.0 
I8U.0 
209.6 
1U8.2 
222.1+ 



-56.8 

+i*.3 

-1+7.2 

-62.6 
+73.6 

+23.1 

+1.5 
+9.8 

-7.5 

-9.1* 
+ 10.0 
-29.0 
+1+0.1+ r 

+6.7 

-3-5 p 



1*51.1+ 
2,027.8 

201.1* 

378.2 
179.8 
156.1 

162. u 
160.3 
167.2 

328.1* 
181.1 
213.0 
169.2 
IUI.5 
225.9 



60.0 

3.1 
2.9 

i*.5 
9.2 

9.9 
10.1* 
12.0 

1U.8 
19.0 

22.5 
28.1 
32.0 
1+3.8 



2.9 



.5 
11. S 

.7 
1.2 
1.2 
1.7 
1.6 
2.3 
2.3 

2.5 
5.1+ 

2.8 

3.2 
l+.l 
3.2 



Original 
purchase 
price ^/ 



60.0 

3.1 

2.9 
I+.5 
9.2 

9.9 
10.1+ 
11.9 
IU.8 
19.0 
22.5 
28.1 

5/ 



2.9 



5/ 



11.8 
.7 

1.2 
1.2 
1.7 

1.6 
2.3 
2.3 

2.5 

3.'+ 

2.8 

3.2 

l+.l 
3-2 



Interest 
accrued 



1/ 



5/ 



5/ 



Source: Daily Treasury Statemests and report* of gross sales. 

p Preliminary. 

r Hevlsed. 

• Less than $50,000. 

1/ At current redemption values except Series 0, which is stated at 
par. Unclassified sales shown in the Daily Treasury Statement 
have besn classified by series. 

2/ Series A-D data are shown only on a funds received basis. 

Series E data are not available on a sales reported basis prior 
to July I9UI; consequently data for the fiscal year igl+l are on 
a funds received basis. 

3/ Istlmated, except for Series 0. 

6/ Series A-D, the sale of which commenced in March 1935 eo<l con- 
tinued throu^ April I9U1, are 10 year discount bonds which were 
sold at 75^ of maturity value, y..eldin£ 2.90^ per ansum if held 
to maturity; purchases were limited to $7,500 issue price in any 



5/ 



one calendar year and from April 1, I9I+O, could bo made only by 
IndlvldualB. Series K, F, and have been on sale since May 1, igUl. 
Series E is a 10 year discount bond sold at 755^ o^ maturity value, 
yielding 2.905t per annum if held to moturity; purchases are limited 
to $3,750 issue price in any one calendar year and may be made only 
by Individuals. Series F is a 12 year discount bond sold at 7*+^ "' 
moturity value, yielding 2.535S per onnun if held to maturity. 
Series is a 12 year current Income bond, sold at par, bearing 
interest at the rate of 2-1/25^ per annum, redeemable at par on 
maturity, or at stated prices less than par before maturity. Pur- 
chases of Series F and In any one calendar year are limited to 
$100,000 issue price for the two series combined ($50,000 in the 
calendar year I9I+I) and may be made by any investors other than 
commercial banks. 
Not yet available. 



Sales of United States Savings Bonds - (Continued) 
Table 2.- Sales Reported by Series, Classified by Denomination 



riie*l 7*ar 
or Bonth 



191*1 1/. 
19»t2. . . . 



19Ul->cenber. 



Ttbruary. 
March 



iprll. 
M*,... 

•Tune.. 



July 

Auf^at.. .. 
Septenber. 



October r. . 
HoTember. . . 
Dacember p. 



Sales In milllona of dollare at Iseus prlca 



Total 

■11 

danOBl-> 

nationa 



Denomination 



|25 »50 $100 $500 $1,000 »5,000 »10,000 



Percentage distribution of sales 



Total 

all 

danomi- 

nationa 



Denomination 



«25 



<50 



$100 $500 



$1,000 $5,000 



$10,000 



igui 1/ 

iSi^a r 

19Ul-DaceBber. . . 

19U2-JanQar7. . . . 
Tebruary r. 
March 

i^ril 

Mayr 

June r 

July 

Au^st r • ■ < 
September. . 

October. r. . 
HoTamber.. . 
Daoeaber p. 



ao3.i 

U02.6 

366.1 
327.5 

333.'» 
U16.5 
U19.1 

500.5 
UI40.5 
5Ul.i* 

583.6 
5ito.3 



lU.U 
607.7 

"♦9.9 

72.1 
52.6 
66.2 

76.0 
105. U 
127.3 

152.6 
162.3 
192.9 

a7.>* 
210.2 
265.2 



13.3 
3'*i.a 

39.8 

55.1 
33.0 
33.8 

35.5 

'»7.2 
50.5 

59.0 
57.7 
69.1 

75.8 

73-1 

100.1 



Ul.U 

817.7 
96.3 

135.2 
86. i« 
79.2 

80.6 

101.8 
100.7 

iit.e 

98.9 

120.3 

126.8 

117.3 
163.3 



Mo. 7 
6U3.it 

81.0 

138.9 
68.8 
56.5 

57.U 

69.U 
51.3 
67.1 

69.9 
61.5 
92.5 



93.1* 
1,131.0 

135.6 

266.1 
125.2 

91.8 

87.0 

97.U 

83.1 
104.8 

70.3 
91.9 

93.5 

78.2 

la.i 



100.0 
100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



7.1 

17.2 

12.U 
10.8 

llt.lt 

20.2 

22.8 
25.3 

30.it 

30.5 
36.9 
35.6 

37.3 
38.9 
35.7 



6.5 
9.6 

9.9 

8.2 

9.0 

10.3 

10.6 
11.3 

12.1 

11.8 
13.1 
12.8 

13.0 
13.5 
13.5 



20.U 
23.1 

23.9 

20.3 

23.6 
2U.2 

2>t.2 
2lt.5 
2lt.O 

22.9 
22.lt 
22.2 

21.7 
21.7 
22.0 



20.0 
18.2 

20.1 

20.8 
18.8 
17.3 

16.3 
15.5 
13.7 

13.9 

11.6 

12.lt 

12.0 
U.lt 
12.5 



it6.o 

31.9 
33.7 
39.9 

3lt.2 
28.0 

26.1 

23. u 
19.8 

20.9 
16.0 
17.0 

16.0 
IU.5 
16.3 



Serlaa T 



igiti 1/ 

191*2 

19>tl-Daeambar... 

19lt2-January |/. 
7ebniary.. . 
March. 

ipril 

M«y 

June 

July 

iaguat 

September. • 

October r. , 
Bovember. . . 
Daoeaber p. 



75.0 
U37.0 


1.3 


50.0 




83.5 


.2 

.2 

.2 


itl.9 


.2 
.2 
.2 


75.3 
US.It 
69.2 


.2 
.2 
.2 


U9.5 
itl.9 
66.6 


.2 

.2 
.5 



.9 
19.3 

1.9 

3.7 

2.7 
2.2 

1.9 
1.9 

1.8 

2.0 

1.5 
1.8 

1.9 

1.6 

2.7 



2.1 
27.1» 

2.8 

5-2 
3.0 
2.8 

2.5 
2.7 
2.7 

'•? 
2.6 

3.1* 
3.1 

itri 



llt.2 

123.7 

13.8 

20.3 
11.5 

10.8 



15.5 

13-5 

20.1 



13.6 

92.0 

10.6 

15.3 

8.2 

7.5 

'•? 
9.4 

9.1* 

llt.9 
10.2 
iit.6 

12.2 
10.0 
15.5 



UU.2 

173.'* 
20.9 

38.9 
1U.3 
13.1 

lU.o 
lit. 9 
1U.7 

37.U 
20.7 
30.0 

16.6 
13.9 
23.6 



100.0 
100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



1.2 

u.u 
3.9 
t.u 

6.8 

6.1 

U.9 
U.5 
i».3 

2.6 

'•? 

2.6 

3.8 
3.9 

U.1 



2.8 

6.3 
5.6 

6.2 
7.1* 

7.5 

6.5 

6.it 
6.U 

k.k 

6.1 



18.9 

28.3 

27.6 

2it.3 

28.8 

29.5 

29.3 
30.2 
31.1* 

23.2 

27.5 
27.7 

31.3 
32.2 

30.2 



18.2 

a.o 

a.i 
18.3 

20.7 
20.6 

22.2 
22.5 
22.3 

19.8 
21.0 
21.1 

2U.6 
2lt.0 
23.3 



Series 



1*51.1* 
2.027.8 

201.1* 

378.2 
179.8 

156.1 

162.1* 
160.3 
167.2 

328.1* 
181.1 
213.0 

169.2 
11*1.5 
225.9 



5.2 
50.6 

5.9 

8.1 

1*.8 
i*.7 

5.0 
5.7 
5.5 

7.1 
i*.9 
5.7 

5.1* 
5.0 
7.1* 



12.2 
112.7 

12.6 



11.0 
15.7 

10.6 
13.0 

12.0 
10.5 
16.3 



90.7 
576.0 

61.2 

95.8 
1*9.7 
1*7.0 

50.1 
52.5 
51.6 

73.2 
50.0 
60.9 

53.9 
U7.3 
69.2 



80.9 

1*03.5 

1*1.0 

62.U 

35.2 

31.2 

3i*.i 
3i*.i 
35.8 

52.0 
35.6 
1*5.8 

36.1. 
30.3 
1*7.6 



262.1* 
88i*.9 

80.8 

191.2 
79.8 
62.9 

62.1* 
56.6 
63.3 

180. U 
79.8 
87.7 

61.5 
148.5 

85.lt 



100.0 
100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



1.2 

2.5 

2.9 

2.1 

2.7 
3.0 

3.1 

3-5 

3.3 

2.2 
2.7 
2.7 

3.2 
3.5 
3.3 



2.7 

5.6 

6.3 

5.5 
5.7 

6.6 

6.6 
7.1 
6.5 

1*.8 

y.i 
7.2 



20.1 
28.1* 

30.U 

25.3 

27.6 

30.1 

30.9 
32.8 
30.9 

22.3 

27.6 

28.6 
31.8 
30.6 



17.9 
19.9 

20.3 

16.5 

19.6 

20.0 

21.0 
21.3 
21.1* 

15.8 
19.7 
21.5 

21.5 
21. U 
21.1 



58.9 
39.7 

Ul.8 

1*6.6 
35.8 
35.7 

36.6 
35.8 
35.0 

1*9.7 
U2.7 
U3.1* 

33.6 
33-2 
35-5 



58.1 

1*3.6 

1*0.1 

50.6 

ItU.U 
1*0. 3 

38. U 
35.3 
37.9 

5l*.9 
Ui*.l 
1*1.1 

36. U 
3l*-3 
37.8 



Soorcai Seports of groaa aalea. 
p Prallalnary. 
r Berlaad. 



1/ Salea of Sarlaa I, T, and bonds commenced May 1, 19!*!. 

2/ Sale of $25 denoBlnation Sariea T bonds began In Jamiazy 191*2. 



He 



Sales of United States Savings Bonds - (Continued) 
Table 3.- Sales Reported by Series, Classified by States 



PART A - SERIES E 
(In thousands of dollairs at Issus prices) 



AlabaoB . . 
Aritona. 
Arkansas . 



California. . . 

Colorado 

Connecticut. . 



Sslaware 

Dlst. of Columbia 
Florida 



Georgia. . 
Idaho. . . . 
Illinois. 



Indiana 
Iowa . . . 
Eansas. 



Kentucky. . 
Louisiana. 
Maine 



Maryland 

Massachusetts. 
Michigan 



Minnesota. . . 
Mississippi. 
Missouri. . .. 



Tlscal year 



I9U1 
1/ 



Montana. . 
Hebraska . 
Nevada. . • 



Hew Hampshire. 

New Jersey 

New Mexico.. . . 



Sew York 

North Carolina. 
North Dakota. . . 



Ohio 

Oklahoma. 
Oregon. . . 



Pennsylvania. . . 
Ehode I eland . . . 
South Carolina. 

South Dakota. . . 

Tennessee 

Texas 



Utah 

Vermont . . 
Virginia. 



Washington 

Vest Virginia 

Wisconsin 

Wyoming 



Alaska 

Canal Zone 

Hawaii 

Puerto Bleo 

Virgin Islands. . . 
Other possessions 

Unallocated 



Total. 



1.381 
711 

91*0 

9.920 
1.793 
3. 91*3 

I169 
2.592 

l,6U2 

l'*.737 

3.6W* 
2.7U3 
1.879 

1.835 

1,824 
1.083 

2.7'»5 
9,110 

8,108 

3.62"* 

901 

7. '+83 

1.38'* 

1U9 

595 

9.904 

2U3 

M*.582 

1,492 

'*75 

10.886 
2.302 
3.15'* 

li*.UJi3 

1.U78 

87U 

UJ49 
1.707 
8.717 

U7U 

U86 

2.319 

3.778 

1,187 

'*.607 

339 



220 



191*2 



I9UI 



Dec. 



203.098 



28,996 
10.313 
21,UoH 

260,522 

77.5'»3 

7.629 
3'».8l*7 
39.555 

35.61*2 
9.8U0 

282.019 

76.661 

69.558 
35.310 

3'*. 293 
36,799 
17.7^*6 

1*8,91*1* 
11*1,196 
160,150 

71.181 

22.973 
9l*,800 

17.710 

26.01*5 
i*,3i*o 

ll,7'*2 

160, 538 

6,978 

587.179 

1*2,297 

11,39'* 

190,262 
3l*,l*82 

37.391* 

283.679 

2U.268 

18,757 

11,783 

36.73!* 

126,051* 

9.919 

7.550 

56.199 

57.921 

27,61*2 

77,66s 

7,066 

2,960r 

315 

16,609 

1.726 

91 

11* 

1.1*72 



3,5ltl.55l*r 



191*2 



3.231* 
1,151* 
2.393 

3C,210 

3.213 
8.685 

892 

H.113 

U,l*20 
3.822 

1.335 
29.828 

8.302 
6.077 
3.6O8 

3.8UI 

l*.3i*3 
1.855 

6.71*7 
1U,596 
16.376 

6.603 
2.1*53 

12.387 

2,616 

2.387 

605 

1.046 

21,1*1*7 

902 

68,179 
i*,962 
1,361 

21,311 
i*.863 
3.713 

35.1*51 
2,1*61 
1.919 

1.293 

3,888 

1U.690 

l,0l*2 

636 
7.627 

5.121* 

3.913 
9.005 
1.007 

128 

210 

309 

2 



Jan. 



1*02.585 



Teb. 



5.321* 
1.8l*0 
3.715 

51,631* 

'*.373 
13.613 

1.217 
5.531 
7,01*8 

6,51*0 
1.531 
52.726 

12.860 
9.1*60 
5.868 

6.1*91* 

6.876 

3.11*5 

9.735 
27.196 
25.791* 

12.5'*7 
U,6o6 
15.687 

2.950 

i*,lCl 

821 

2,300 

31.895 
1,21*6 

130.656 
7.1*61 
1,91*6 

37,21*1* 
6.783 
6.71!* 

51*, 1*09 
1*,158 
2,741 

1.851 

6.990 

21.952 

1.905 

1.533 
10.260 

9.070 
5.518 

ll*,029 

1.275 

3561 

1.1*61* 

333 

23 



Mar. 



2.702 

958 

2,2l*6 

31.921 
2.105 
8,691 

863 

3,608 
i»,i*07 

3,1*50 

91*9 

27.933 

7.710 
5.880 
4.628 

3.622 
3.776 
1.930 

5.512 
16,631* 
16,151* 

7.122 
2.678 
8,856 

1.787 

2.738 
1*75 

1,1*10 

16,092 

672 

61,589 
i*.332 

1.298 
17.680 

3,197 

i*.383 
27,01*2 

3.301* 

1.738 

1,212 

3.6UO 

12,362 

1,017 

^5^ 

6,883 
2,882 

7.575 
701 

3061 

626 

166 

11 



667.1t07r 



366,055r 



Apr. 



2,U60 

970 

2,107 

2l*,688 
2,189 
7.232 

753 
3.330 

1*.206 

2.995 

908 

26.688 

7.866 

9.91*7 
3.81*7 

3.1*67 
3.728 
1.558 

i»,095 

12.525 
15.781 

6.893 

2,28U 
8,2l*l* 

1.823 

3.058 

1*19 

1,128 

ll*,076 

609 

1*6.95^ 

3.821* 

1.130 

17.556 
3.025 
3. 318 

25,856 
2,1*67 
1.897 

1,270 

3,502 

12.161 

917 

613 

i*,865 

5.579 

2.522 

7.511 

681* 

i»33r 

106 

1.167 

211 

15 



35 



327.1*9 5r 



May 



2.713 

i.ouo 

2,118 
21,739 

2,58l* 
7.296 

756 
3.1*70 

1*. 1*1*3 

2.958 

i.oi*7 
25.55'* 

7.560 
9.283 
2.999 

3.051 
3.190 
1.688 

'*.i03 

12.956 

16,202 

7.659 

2.130 

8.235 

1.633 
3.213 

379 

1.015 

13.8I6 

826 

52.935 
3.669 
1.113 

17.537 
2,892 
3.079 

28.823 
2.366 
2.209 

1.392 

3.138 

11,089 
688 

5.381 
5.192 

2.'*70 
7,121* 

712 

353r 
i*.236 



263 



3,921* 
1,418 
2.992 

28,900 

2.795 
9.199 

909 
3.767 
i*.979 

i*.72i 
1.39? 
794 



35 

9.961 
9.81*6 
3.912 

1*,086 

i*.627 
2.179 

5.052 
15.863 
20,965 

8,898 

2.632 

11,287 

1.827 

3.266 

513 

1.1*03 
16,066 

802 

57.239 
6.163 
1.1*76 

23.850 
4,210 

i*,i65 

31.763 
2.71*1 
2.523 

1,61*7 

l*,8l*l 

15,266 

1.339 

788 

7.136 

8.208 

3.089 

9,280 

737 

l*85r 

165 

U.6O5 

18^ 

1* 

553 



333. W*r 



July 



1*.513 
l.ll*9 
2.573 

31.13? 

2,8l*4 
10,1*30 

1,037 
1*,1*23 

lt,269 

1*,282 

1,132 

32.851* 

10.791* 

10.752 

1*.158 

i*.399 
i*.757 
2.131 

5.596 

16,1*02 

23,656 

9.1*1*1* 

2,1*51* 

10,961 

1.706 

3.037 

501 

1.509 

17.298 

763 

57.763 
5.090 
1.311 

22.799 
3.789 
i*.57l 

32,11*9 
3.005 

2.668 
1.1*58 

i*.676 
13.775 

l.lii* 

766 

7.095 

7.569 

3.211 

10.527 

779 

59M 

1*1* 

2.566 

160 

10 



621 



l*l6,l*50r 



Aug. 



6,671 
1,626 
2,921* 

37.157 

3.306 

11,180 

1.103 

i*.'*3i» 

5.1*81 

5,1*21 

1,285 

38 , 891 

11,801 

11,056 

1*,680 

5.6U3 
5.886 

2,1*07 

6.551* 

18.126 
25.690 

10,1*1*3 

3.091* 
11.067 

2.232 

3.656 

656 

1.791 

18. 505 
909 

7i*.93l 
6,1*1*3 
1.575 

31.152 
i*.i*7l 
6.337 

36,801 
3.305 
3.091 

1.685 

6.591 

16.791 

1.1*63 

967 

8,160 

9.025 

3.81*6 

11.1*02 

869 

577r 
100 
6.163 

221 
2 



813 



Sept. 



1*19,0721 500.1*56r 



5.262 

1,1*22 
2,522 

33,1*35 

3,1*12 

9.91*8 

l,12l* 

i*.76o 

U.563 
5.007 

1.1*37 
33.598 

11,112 

9.729 
5.269 

U,97l* 
i*.923 

2,224 

6,21*6 
18,212 
19.790 

8.952 

2.519 

10.236 

1.816 

3.1*19 

61*3 
1.600 

16, 688 
880 

5"*. 990 

5.91*1* 
1.306 

27.876 

U.671* 
5.671* 

35.058 
3. 571* 

3.002 

1.35** 

5.593 

15.202 

1.507 

81*1* 

8.291 
9.177 

3.338 

10.358 
831 

592i 

130 

3.838 

16I* 

5 



1.1+23 



1*1*0,1*671 



Oct. 

r 



6,238 
1.655 

3.202 

1*0. 909 

3.933 

10.306 

1,711* 
1*,728 

5.71*9 
6.169 

1.820 
38.701 

ll*,41*0 
10,908 

6,i+ii* 

5.139 
5,663 
2,209 

6.775 
17.850 
31*. 115 

11.203 

2.776 

12,586 

2,261* 

i*.589 
865 

1.825 

22.961 

881 

72.759 
8.915 
l,6ii* 

3!*, 072 
5,020 
6.956 

1+2,235 

2.653 

1*,152 

1,605 

7,1*1*1* 

19,807 

1.655 

872 

9.903 

?.273 

4.085 

11 . 213 

1.098 

6U7r 

155 

lt,824 

350 

17 



1.500 



5l*l,l*08r 



5.751* 
1.759 
3.653 

1*1*, 722 

i*,67l* 

16,227 

2,613 
5.359 

5.248 

5.896 

2,218 

1*1*, 615 

15,121 

10,719 

6,838 

5.1*23 
6,904 
3.136 

7.396 
20.651* 
3U.366 

10,758 

3.57? 

11.971* 

2.907 

i*.699 

828 

2.298 

23.368 

1.130 

77.21*2 
8.532 

1.71+8 

31.969 
5.530 

6.978 

1*6,351 
5.'*77 
3.71*0 

1,600 
6,755 

20.381* 

2.169 

1.300 

10,291 



,783 
.834 



11, 

'♦,831 
12,521* 

1,31*5 



61*8 
117 
.285 

387 

13 



5.912 
1,660 
3.61*3 

36,1*22 

3.675 

11.683 

2.039 
5.596 
5.'*25 

6.761* 

2.279 

39.776 

15.291 

10.67? 

7.811* 

5.053 
5.?93 

2.411 

7.163 
18.1*79 
32.1*77 

11,120 

3.899 
13.111 

2.1*70 

3.970 

939 

1.71*9 

19.738 

989 

70.133 
9.35I* 
2.566 

30.987 
i*.673 

6,289 

1*2,511 
3.380 
3.911 

2.076 

6.771 

19.667 

1.95"* 

942 
10.390 

10,901* 
1*.581 

11,537 

1.008 

51*8 
80 

17 



2,226 



Dec. 

P 



51*0,350 



(Continued on following page) 



^SiS!^ 



n 



'-: ■•rfl 



'»3 



Sales of United States Savings Bonds - (Continued) 
Table 3.- Sales Reported by Series, Classified by States - (Continued) 

PART B - SERIES F AND G COMBINED 






(In thoueands of dollars at Issue prices) 



Alabasa 

Arltona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

Diet, of Columbia 
norida 

Oeorgla 

Idaho 

Illinois 

Indiana 

Iowa 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts. . . . 
Michigan 

Minnesota 

Mississippi 

Missouri 

Montana 

Nebraska 

Nevada 

New Hampshire .... 

New Jersey 

New Mexico 

New York 

North Carolina. . . 
North Dakota 

Ohio 

Oklahoma 

Oregon 

Pennsylvania 

Hhode Island 

South Carolina. . . 

South Dakota 

Tennessee 

Texas 

Utah 

Veraont 

Virginia 

Washington 

West Virginia 

Wisconsin 

Wyoming 

Alaska 

Canal Zone 

Hawaii 

Puerto Hico 

Virgin Islands... 
Other possessions 

Unallocated 

Total 



Source: 
P 



Fiscal year 



191*1 

u 



2.393 
950 

20.1*02 

3.908 
i'*.937 

2.521* 

5,166 
3.379 

2.878 
291 

59.605 

6.285 
1*,U98 
2.U59 

t.356 
2.1*77 
3.97'» 

6,800 
35.087 
13.928 

9.770 

973 

23.952 

612 

3.523 
35^ 

1.896 

20,1*00 

1*15 

11*1, 8l*2 

2.338 

962 

22,1*66 
2,325 

2,522 

'+9.5^7 
5,921* 
1.621 

19I* 

3.128 

10,323 

1,000 
1,011 

•+.532 

6,25s 

1,1*92 

8.1*91 

501 

20 

■+7 
3 



3'* 
1*61 



526.361 



191*2 



13.099 

4.232 
13.738 

11*0,602 
18,302 
59,891* 

11,910 
23.21*7 
22,219 

17.982 

7.339 
202,01*1 

1*5,123 
30.576 
ii*,U85 

2i*,5i6 
21,651 
16,570 

1*0,093 

11(1*, 199 

65,01+0 

1*9,069 
10,061 
68,651 

6,322 

11+.132 

2,31+9 

11,090 

93.399 

9.031* 

580,1*33 

26,071* 

7.515 

119.098 
16,587 

22.095 

21*3,285 
28,061+ 

9,1+59 
3,077 

18,1+81 
5!+, 196 

5,019 

5,81*2 

28, Oil* 

25,898 

11,780 

1*2.205 

3.690 

7i6 
50I* 

5,882 
1*72 

26 
507 

It, 768 



2,1+61+, 772 



19I+1 



1,232 
1+78 

617 
15,550 

1.377 
5.636 

993 
3.552 
2,1*79 

1.896 

553 

21.377 

l+,08l+ 

3,131 

1.378 

1.938 
1.798 
1.1*77 

'+.050 

12,1*80 
8,381 

"+.396 

71+1 

7,399 

5S2 

1,078 

207 

850 

10,871 

371 

56,658 
1,908 

321* 

13,61*0 
2,151 

1,811 

24,227 

3,554 

951+ 

302 

7:^5 

II+I+ 

1*29 

4,883 

2,621 

1,864 

5,107 

358 

53 

31 

267 

38 

« 

50 

144 



251.469 



1942 



2,207 

706 

5,364 

28,663 
4,954 
9,909 

2,037 
4,023 
4,198 

2,903 

2,171 

40,682 

8,312 
4,725 

2.198 

3,979 
3,523 
2.731* 

7,503 
25,680 
11,060 

9.655 
1.975 
9.986 

1.057 

3.662 

380 

2.717 

14.494 

3,226 

107.721 
8.572 
1.131 

22.461 

3.131 

3.873 

41.707 
4,622 
1,576 

495 

4.010 
10.611 

846 
1.502 
5.467 

5.123 
1,980 
8.424 
1.007 

92 
77 

846 

67 

2 

139 

1.531 



461.697 



1.486 
553 
999 

14.132 
1.492 
4.291 

1,488 
2,112 

2.452 
1.551 

13.244 

3.241 

2.535 
2,065 

3.674 
6.922 
1.270 

4.259 
9.434 
5.938 

4.229 

1.279 
5.432 

619 

1.528 
529 

900 
8,104 
3.206 

49,543 
3,296 
1,504 

9.594 
1.753 
1,249 

21,582 

3.194 

942 

258 
1,233 
4,378 

842 

49 s 

2,132 

l,8l4 
837 

3.425 
369. 

271 
86 

677 
6 
6 



277 



219.578 



1/ 



Reports of gross sales. 

Prellinlnary. 

Revised. 

Less than $500. 

Sales of Series E, T, and G bonds commenced May 1, 194l. 



1.270 

280 

2,741 

8,4l6 
1,392 
3,693 

949 
2,511 
1.916 

1,940 

1,838 

15.939 

4,U84 

2.956 
1,499 

1,779 
1.569 
1.920 

3.550 

10,389 

3.583 

3.492 
l,l48 
4,84l 

895 

1.517 

496 

1.738 

11,X66 

933 

36,113 
1.774 
2.239 

7,680 
1,006 
4,735 

l4,607 
2, 861 
1,298 

487 
2,399 
3.157 

772 

540 

1.927 

2,040 

1,699 

2,637 

634 

160 

78 

667 

244 

7 

54 

2,077 



192.745 



Apr. 



1,281 
420 
675 

10,276 
1,531 
5.364 

717 
1,673 
1.955 

1,357 

451 

13.494 

4,l42 
3.791 
1^062 

2,170 
l,46o 
1.241 

3.472 

12.757 

5.012 

4.040 
1.290 
5.575 

369 
982 
139 

1.080 

8.469 

248 

46.779 

1,683 

490 

10.472 
1.478 
1.315 

20.943 

1,755 

992 

350 
1,714 
4.988 

279 
445 



l,94o 
855 

3.552 
279 

34 
128 
942 

19 

5 
13 



584 



200,523 



May 



1.402 
34h 
812 

11.198 
1.388 
6.804 

655 
1,476 

1,800 

1.759 

443 

15,881 

4.226 

3,260 
1.163 

1,893 

1.754 
1,826 

2.923 

11.485 
4,596 

3.527 

956 

6.850 

371 

1,107 
159 

864 

5,502 

333 

46,275 

1,855 

410 

ll,4l4 
1,777 
1,272 

20,685 

1,497 

605 

300 
1.679 
6,268 

638 

565 

2,247 

2,510 
757 

2,873 
186 

11 

373 



201,955 



June 



1,276 
394 
653 

10,751 
1,453 
5,399 

1,449 
1,533 
1,752 

2.118 

179 

i9.4o4 

5,289 
3,964 
1,127 

1.519 
1.426 
1,197 

3.507 

11.809 
7.120 

2.902 

847 

6.142 

490 

1.282 
70 

54s 

8,704 

154 

46,456 

1.65s 

419 

9.887 
1.273 
1.4s4 

20,058 

2.225 

902 

276 
1.420 
5.679 

519 

380 

2.667 

2,170 

1.329 

4.909 

232 

40 

642 



209,084 



July 



5.399 

550 

1.019 

21.283 
2.897 

10.391 
1,272 

3.321 
3.716 

3.965 

770 

33.306 

8,063 
6.115 
2.675 

4.601 
2.831 
2.310 

6.584 

27.111 

9,473 

7,791 
1,431 
9,073 

882 

2,483 
443 

1,630 

i4,206 

509 
92.319 

3,586 
1.076 

23.133 

2.973 
3.641 

34.117 

3.695 
1.761 

582 

3.997 

11.003 



792 
4.487 

4.52S 

1.839 

8.146 

545 



2.549 



1.791 



403.735 



Aug. 



524 
844 

13.145 
1.898 

5,384 
907 

1,817 

1,766 

1.048 

535 

20.568 

5,455 
3,751 
1.869 

3.591 
2.297 
1.261 

2,892 

12.873 
7.778 

4.458 
1,265 
4.922 

558 
1,275 

228 

9 65 

8.771 

359 

44.915 

2.021 
685 

12.264 

1.617 

2.020 

19. 817 
2,262 
1,413 

506 

2.413 
6,581 

384 

494 

2,546 

2.733 

] ,062 

5.530 

303 

65r 

1.577 
125 



2,41*0 



229,469r 



Sept. 



2.552 

4l4 

1,243 

l4,4o4 
2.723 
5.020 

969 
1,996 
3,796 

2,393 

508 

23,390 

7,082 

5,075 

3,124 

2,809 

5,956 

1.235 

4,321 
9,451 

8,S04 

4.970 

1.233 

6,093 

677 
1.931 

357 

996 
9.838 

507 

62.776 

5.136 

715 

15.066 
2.103 

2,527 

25.071 
1.661 

1,783 

520 



500 
43? 

4.024 
3,384 

1.278 

6,934 
438 

75 
1,176 



282,261 



Oct. 



1,921 

778 

1,246 

15,026 
1,824 

4,725 

802 

1.735 
1.946 

2,o56 

469 

15.724 

5.342 
3,401 
2.306 

2,674 
2.583 
1,253 

4,152 
io,q4o 

7,201 

4.076 
1,206 
5,728 

762 

1,470 
269 

868 
8,167 

585 
35.201 

3.120 

732 

12,025 

1,347 

2,74l 

21.793 
1.557 
1.249 

581 

2,888 
7.289 

473 

538 

3.971 
3.053 

1.304 
5.097 

285 

127 

178 

1.500 

180 



13 



218,592 



1.457 

391 

1.250 

11,841 
1.378 
3.736 

1.093 

1.953 
2.704 

3.439 

340 

9.714 

3.545 
2,94s 
2.077 

2.497 
2.071 
1.009 

2.996 
9,444 
4.884 

3.574 
1.330 
4,680 

815 

1,227 

304 

S56 
6.245 

575 

■^0.032 
2.745 

757 

9.699 
1,41*8 
2.131 

20,S4l 

1.815 
1.387 

859 
2.122 
5,64l 

485 

357 

3.274 

3,008 

1,291 

3.709 

502 

92 

49 

985 
170 



15 



183,388 



Dec. 
P 



2,629 

455 

1.658 

14.001 
2.316 

5.585 

1.137 
3.284 
2.538 

3.399 

U45 

20.757 

5,892 
5,5l4 
2.741 

3.177 

5.005 
1,545 

4.278 

13.119 

9,088 

4.951 
2,887 
5,848 

888 

2,696 

174 

1.095 

11.879 

675 

54.236 
3.836 

840 

20,724 
2,034 

4.389 

25.937 
1.852 
1.683 

978 
3.293 
9.777 

471 

579 

5.932 

3.607 

2.063 

6.839 

570 

57 
119 

1.243 
555 



32 



292.501 



•'^^- 


"^^ 




'. !' 


• 




• ' ' '• 
■,* *,■'-•'• 






• m 

•;•;;?%: 






v.; 


iBSfO 








iM» 



Participation In Payroll Savings Plans For War Savings Bonds-^/ 





igUi 


19>*2 






Dec. 


Jan. 


reb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Hov. 




Humber of firms having payroll savings plant 




r 








rims irtth: 


100 
U30 

3.''95 
5.91'* 


355 
1,622 
7.059 
8,U77 


ttU8 

2.780 

11.172 

20,080 


it67 

3.67'* 

13,770 

32.209 


U70 

U,573 
16,216 
50,U27 


1*75 

U,768 

18,169 

67,006 


>*77 

U,956 

19.718 

82,9'*8 


U81 U8U 
5.099 5.266 
21.038 22,375 
35.275 108,767 ] 


Ug7 

5.378 

23.275 

L15.'*21 


U88 

5,53'* 

2U.3a 

122,762 


1(69 

5.607 

2H,873 

127.660 






Under 100 workert 


Total number of firms 


9.939 


17.513 


3U,U80 


50,120 


71,686 


90,Uig 


108,099 


121.893 1 


36.892 


lU1».56i 


153.105 


158.609 






Number of workers employed in firms and governmental 
having payroll savings plans 

(In millions) 


igendes 










3-2 


9.9 
.6 


IU.2 
•9 


16.7 

l.U 


19.2 
1.5 


20.5 
1.5 


21.3 

1.5 


22.0 
2.5 


22.8 
2.8 


23.2 

3.U 


2.1*- 5 
3-6 


25-3 r 
3.6 


In rederal. State, and local gov- 
emments and their agencies 


3-2 


10.5 


15-1 


18.0 


20.7 


22.0 


22.8 


2U.6 


25.6 


36.6 


28.1 


28.8 r 






number of persono actiwlly participating In payroll savings plana 

(In millions) 

__ . 1 








WorKere participating! 


0.7 


3-7 
.1 


7.2 

.U 


9.0 

.6 


10.9 
.7 


13.2 

.7 


15.0 
1.0 


16.5 
1.5 


16.7 
1.8 


17.6 

2.1 


18.6 
2.1* 


19.1 r 
2.6 


In Federal, State, and local 
gOTenusents and their 


Total workers participating.... 

Persona In the armed forces par- 
ticipating 


0.7 

2/ 


3.8 
2/ 


7.6 
2/ 


9.6 

2/ 


U.6 

2/ 


13-9 
2/ 


16.0 

2/ 


18.0 18. 5 
2/ 1.0 


19.7 
1.7 


21.0 
2.0 


21. 7r 
2.5r 


Total persona participating 


2/ 


2/ 


2/ 


2/ 


2/ 


2/ 


2/ 


2/ 19.5 


21. U 


23.0 


2U.2P 


Deductions under payroll savings plans 


-1 T" 




1 


1 


Total amount deducted (in miHions 


5.0 

It.l 


28.0 


58.0 
t l+.85[ 


78.0 


96.0 


126.0 

s 5.3? 


153.0 

6 5-83 


205.0 
% 6.5 


230.0 
* 7.1 


265.0 307-0 335-0 
t 7.556 7.8!l «-3^ 






r Revised. 

1/ Istlmated. 

2/ >ot available. 



























'V' 



1^5 



Sales of United State* Savings Stamps 
Table 1.- Summary 



niCKl 7ear or month 



igin 2/. 
1<)^S. . . . 



19Ul-DeeeBber. 

19'»2-Janu«r3r.. 
lebruary. 
March.... 



April. 
MV... 

June.. 



July 

Au^at. . . . 
September. 

October. . . 
November. . 
December. . 



Amount outetandlng 

end of flecal 

7«ar or month 1/ 



166, 31*1 

39. Its'* 

68.595 

93.932 

115. 857 

133.620 
152.217 
166, 3U1 

180.972 
187,618 

igii.oio 

206,0l»l> 
215.805 
221, 3U0 



(In thouimnde of dollare) 



Net change 

during flecal 

year or month 1/ 



♦5.1>*3 
+l6l,Ol4« 

♦19,006 

♦29.161 
♦25.337 
♦21.925 

♦17.762 
+18.597 
♦ll*,12U 

♦li»,63l 
♦6,6it7 
♦6.392 

♦12,03U 

♦9.121 2/ 
♦5. 536 



Analyel* of net change 



Oroea salee 



Total 

fundi 

received 



1/ 



39.077 

'♦3.920 



Adjuetment of 

aalee reported to 

funds received 



-7.602 
-10.931 



Sales 
reported 



6,087 
308,6a 

25.657 

'*l,l69 
38,61*9 
Ito.599 

'W.173 

'*7.990 
1*8,960 

53.815 
UU,5l(6 
'♦7,682 

53.1'tl 
1*6,678 p 
5i*,85i p 



Redemptions 1/ 



1U7, 



9U3 
.57'» 



6.651 
12,007 

13.313 
18,67U 

22, UlO 
29.393 

3'*. 836 

39.185 
37.900 
1*1,290 

••1,107 
29.955 
38,381* 



Source: 



Coomenoing November 1, 191*2, Daily Treasury Statements, except 
Post Office Department reports of gross sales; prior thereto, 
Post Office Department. s/ 

Preliminary. 

Tlgores for November and following months are not atrietly compar- 
able vlth earlier months because of the shift to a Dally Treasury 3/ 
Statement basis. Stamps sold prior to October 1, 191*2 were known 



as postal savings stamps and were obligations of the Postal 
Savings System but subsequently became public debt obligations. 
Sales and redemptions commence with May 1, 191*1. The amount 
of the old series of postal savings stamps outstanding on 
April 30, 191*1 was $150 thousands. 

Net change in amount outstanding as shown on IKlly Treaaury 
Statement. See footnote l/. 



Table 2.- Gross Sales, Classified by Denomination 



riseal year 
or month 



191*1. 
191*2. 



I9'*l-December. . . . 

191*2- January 

Pebruary.. . . 
March. 

April 

Itay 

June 

July 

August 

September. . . 

October 

November p.. 
December p. . 



Sales In thousands of dollars 



Total 
all 
denomi- 
nations 



6,087 
308.6a 

25.657 
1*1.169 
38,61*9 
w,599 
1*0.173 
'*7.990 
1*8.960 

53.815 

1*1*, 51*6 
1*7,682 

53.i'*l 
■•6,678 
5^*.85l 



Denomination 



10^ 



1*00 

67,1*66 
5.353 

11,01*1* 
10,020 
10,181 

9.812 
10,037 

9.I2I* 
10.106 

7.326 

8,366 

10, 680 

9.596 

il.5»*3 



25^ 



2,691 
167.709 

13.255 
a. 1*98 

20,721* 

21.693 

21.529 

26.772 
27.319 

29.693 
2U.8O8 
26,189 

28,563 
2l*,788 
28,701* 



50)i 



1,012 
28,6ll* 

2.1*91 

3.579 
3.258 
3.'*2'* 

3.'*58 

'*.715 

5.203 
i*.3i*8 
"♦.935 

5.150 
i*,29l* 
'*.527 



Soore*! Post Office Department, Division of Poatal Savings, 
p Preliminary. 



$1.00 



1.130 

31.583 
2.636 
3.653 
3.8i+5 

3.827 

i*.9l*l 
5.706 

6,326 
5.950 
6,061* 

6,1*98 
5,900 
6.991* 



$5.00 



851* 
13.250 

1.922 

1.395 
1.311* 
I.U56 

1.51*8 
1.910 
2.097 

2,1*87 
2,111* 
2,128 

2,250 
2,101 
3.083 



Percentage dl at rl button of sales 



Total 
all 
denomi- 
nations 



100.0 
100.0 

100.0 

100.0 
100.0 
100,0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 

100.0 
100.0 



Denomination 



10^ 



6.6 
21.9 

20.8 
26.8 
25.9 
25.1 
2l*.U 
20.9 
18.6 

18.8 
l6.it 

17.5 

20.1 
20.6 
21.0 



25)! 



1*1*.2 
5U.3 

51.7 
52.2 
53.6 

53."* 

53.6 
55.8 
55.8 

55.2 
55.7 
5'».9 

53.8 
53.1 
52-3 



50^ 



16.6 
9.3 

9.7 

8.7 
8.5 
8.1* 

8.6 
9.0 
9.6 

9.7 
9.8 

10.1* 

9.7 
9.2 
8.3 



$1.00 



18.6 
10.2 

10.3 

8.9 
8.6 

9.5 

9.5 
10.3 
11.7 

11.7 

13.1* 
12.7 

12.2 
12.6 
12.8 



$5.00 



ll*.0 

'♦.3 

7.5 

3.1 
3.'* 
3.6 

3.9 
i*.o 
'*.3 
l*.6 
i*.7 
'*.5 
I*. 2 

5.6 



i 



Table 3.- Redemptions, Classified by Means of Payment 



Pi seal year 
•r month 



191*1. 



I9U2 ff'«l7l9>*l. 
lAug. 



191*1 

19'*l-Deoember. 
19l*2-January. 



June 191*2. 



February. 
Marob 

if til..., 

«V 

June. , , . , 



July 

August.... 
September. 
October. .. 
November. 
December. 



Hedei^tlons In thousands of dollars 



Total 



91*3 
1.158 

11*6.1*15 

6,651 
12,007 

13.313 

18.671* 

22.1*10 

29.393 

3U.836 

39.185 

37.900 

1*1.290 

1*1.107 

29.955 

38.381* 



Means of payment 



bchanged for 

Ibited States 

MVlnga bonds 1/ 



H 
127. 9U8 

5.225 

9.683 
11.253 

16.51*3 

19.959 
26.616 
31.678 

35.253 
3"*. 101 
36.561 

36,188 
26,220 
32.988 



Ixehanged for 

postal savings 

certificates 



Soureei Oommenolng November 1, 191*2. Dally Treaaury Statements; 

prior thereto. Post Office Department, Division of Postal 
Savings . 
* Less than .O^f. 



2/ 
123 



12 
9 

19 
16 

8 
26 

15 
11* 



Cash 
1/ 



18,31*1* 

1.1*17 
2,316 
2,0l*8 
2.122 
2,1*32 
2,761 
3.150 
3.906 

3.781* 
'*.7l5 
1*.919 
3.736 
5.396 



Percentage distribution of redemptlona 



Total 



100.0 
100.0 
100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



Means of payment 



bchanged for 

ttelted States 

aavlngs bonds 1/ 



87.1* 

78.6 

80.6 
81*. 5 
88.6 
89.1 

90.6 
90.9 
90.0 
90.0 

88.6 
88.0 
87.5 
85.9 



Ixehanged for 

postal savings 

certificates 



.1 



Cash 
i/ 



2/ 

12.5 

21.3 
19.3 

15.1* 
11.1* 
10.8 

9.1* 

9.1 
10.0 
10.0 
11. U 
12.0 
12.5 
lU.l 



1/ Oommenclag November 1. 19U2. estimated on the basis of Post 

Office Department reports. 
2/ Details not available for May. June, and July I9U1. 



^6 



Sales of United States Savings Stamps - (Continued) 



Table 4.- Gross Sales by States 

(In thouianda of dollara) 



Stat* 



n*eal rear 



19U1 igi^ 



19111 



Dae. 



191+2 



Jan. 



?ab. 



Mar. 



Apr. 



HajT 



Jons 



July 



tag. 



Sept. 



Oct. 



Hot. 
P 



Dee. 
P 



Alabaaa. . 
Arliona. . 
Arkantaa. 



California. . 
Colorado . . . , 
Connect lent. 



Delavars 

Dlat. of Coloabla 
norida 



Oeorgla. . 

Idaho 

Illinois. 

Indiana. . 

iova 

Xanaas. . . 



Eentucl^. . 
Louisiana. 
Halne 



Maryland 

Haesachuaetta, . 
Michigan 



Minnesota. .. 
Mississippi. 
Mlssotirl. . . . 



Montana. . 
Bebraska. 
Nerada. . . 



Hew Baapshlrs. 
Hev Jersey. . . . 
Hev Mezleo. ... 



Hev Tork 

Horth Carolina. 
Berth Dakota. . . 



Ohio 

Oklahoaa. 
Oregon. . . 



Pennsylranla. 
Bhod* Island. 
South Carolln 

South Dakota. 
Tennessee. . . . 
Texaa 



Utah 

Vermont. . 
Tlrclnla. 



Washington. . . . 
Veat Virginia. 

Vlaconsln 

VyoBlng 



Bamll 

Poerto Blco 

Other possessions 



Total. 



38.7 
16.0 
SU.g 

1+28.0 

30.3 

iito.6 

11*. 5 

17U.1 

75.0 

■ 60.3 

8.1 

355-1 

69.7 
50.0 
lio.2 

1+2.8 
62.0 
37.2 

91.6 
312.2 
366.8 

51.6 

36.7 

173.5 

17.2 

36.2 

6.5 

29.0 

286.0 

9.9 

1.350.5 
50.8 
10.1+ 

59.1 

U19.5 
58.8 
30.3 

10.1+ 

58.8 
276.5 

11.6 
11+.7 
71.6 

75.0 

32.1+ 

101+.7 

9.7 

1.2 

6.9 

10.2 

.6 



2.31+3.7 

83I+.B 

1.671+.7 

20.132.6 

2.020.3 

7. 707.it 

711+.2 

6,100.1 
3.705.9 

3.175.5 

81+1.0 

23.612.9 

7.516.9 
'*.575.8 
2.532.9 

3.036.2 

3.1+28.0 

1.725.5 

5.785-2 

15,1*13.6 

13.721.6 

'♦.037.7 
1,508.8 

7.326.1+ 

1.030.7 
2,371.8 

381.1+ 

1.150.8 
13.313.7 

720.3 

53.060.7 
3.089. 7 

801.2 

18,269.5 
2,1+89.1 
2.739.3 

27.075.3 

3.087.6 
1,1+88.2 

832.2 

2,952.8 

11,520.8 

963-1+ 
705.8 

l»,051.8 

3.909.2 

2,i+i»9.7 

5.728.3 

U93.6 

66.1 

1,238.7 

166.8 

.7 



197.8 

70.1+ 

115.6 

1.878.3 
201+.9 

599-1 
63. 

580. 
298.1 

275-1 

79-2 
2.075-9 

586.9 
315-5 

212.7 

283.3 
251+.2 

120.1+ 

1+72.9 
1,119.6 
i,iii+.3 

300.1* 
130.6 
661+.7 

89.1* 

210.7 

33.1 

90.8 

1,069.0 

68.3 

■♦.355.0 

250.0 

53-9 

1,269.2 
21+7.5 
197.1 



2,2l«l+.2 

21 



329.8 
264.7 



52.1+ 

290.5 

1.053.3 

312.9 

305.5 
198.7 

1+23-7 
1+8.5 

.9 
57.5 
9.3 



323-3 

llU. 

201. 

2,78l+.6 

269.3 

1.006.1* 

93.3 
771.3 

i»97 

1+76.2 

110.7 

3.391.5 

1,027.8 
51*0.1* 
3'*9.7 

1+1+1+.9 
1+21.8 
216.7 

1,110.8 
1,861*.1+ 

1.733.9 

5^*5.6 
213.3 
906.2 

156.2 

292.9 

56.1 

166.7 

1.837.9 

95.8 

6.1*93.5 

382.8 

109.3 

2,1*95.9 
318.0 
368.6 

3.675.2 

"♦33-9 
170.0 

117-7 

369.6 

1.992.7 

126.2 

97.8 
558-9 

1*79.6 

360.8 

8I9.5 

71.9 

6.1 
8i*.i* 
15.0 



260.1* 
100.3 
190.9 

2,366.8 
2U1.2 
902.0 

86.1* 
69U.5 
1+83.7 

372.2 

96.5 
2,999.2 

1,016.5 
5^*6.3 
360.2 

1*17-3 
1+38.7 
201.9 

782.1* 

1,710.0 
1,636.5 

537.9 

201.1 
863.7 

137.6 

283.5 

1*6.8 

11*2.3 

1.807.7 

82.8 

6,585.1* 
375.3 
ioi».9 

2,1*15.3 
277.8 
399.8 

3,1*80.8 
1*05.2 
160.1 

119.3 

336.0 

1.551.0 

121*. 8 

93.6 
526.7 

1*02.1 

336.7 

772.7 

69.2 

?.7 
78.9 
17.7 



305.5 
111*. 7 
221.2 

2,1*50.2 
237.2 
951-1 

93-9 
656.7 
507.9 

1*07.8 
102.1* 

2.950.5 

1,078.6 
712.9 
330.9 

1*25.9 
1*38.3 
232.1 

728.7 
1.885.3 

1,766.9 

5^*5.3 
205.7 
936.1* 

ll*8.2 

315.0 

1*5.5 

li*i*.9 
1.781.3 

88.5 

7.251+.3 
375.7 

108.1+ 

2.59'+. 7 
300.9 
358.8 

3.>'8i.' •; 

1*07.3 

166.3 

116.2 

i,6^!o 

125.3 

89-3 
555-2 

1+21+.1 
365.1 

813.0 

63.1 
11.9 

158.1 
22.1+ 



291+.7 

108. 7 
198.0 

2.1+78.9 

266.3 

953-5 

6|i:^ 
1*97-6 

31*0.6 

109.3 

2,766.3 

1.033.9 
707-6 

311+.1 

1+60. 1* 
217.6 

686.5 
1,883.8 

1,704.0 

511.8 

182.0 
928.8 

137.5 

339.4 

U7.7 

11*0.3 

l,7i*i+.6 

91+.4 

7.129.5 

3'*2.7 

99.5 

350.6 

3,9^2.1 
368.0 
184.9 

127.6 

3I+I.0 

1,467.2 

137.5 
96.3 
566.1* 



t 



1+35-8 
2.9 

820.1 
64.0 



5-7 

220.4 
23.2 



351.7 

;^8:^ 

3.077.2 

326.2 

i,lli*.6 

112.6 
69I+-5 
583.0 

506.7 

141.4 

3,924.2 

1.267.8 
782.9 
407.1 

425.4 
582.0 
284.8 

71*8.7 

2,300.6 

2.125.5 

609.9 

192.3 

1.155-5 

11*9.7 

423.8 

63-3 
199.3 

1,916.2 
129-9 

7,883.8 
567.8 
152.4 

2.890.9 

''38. f 
381.2 

l*,43i.2 

1*23.5 

216.1 
136.9 

494.8 

1.695.8 

171.9 

112.3 

602.0 
702.4 

375.5 

931.7 

76.7 

13.6 

263.8 

22.4 



447.8 
125.0 
290.1 

3,1*1+2.2 

300.5 

i.39'».6 

llU.g 
6e4.2 
498.7 

512.0 

125-5 
3.834.7 

1.093.0 

750.7 

386.4 

1+33.3 
606.0 

288.0 

821.0 
2.276.9 
2,256.2 

677.6 

230.4 

1,161.2 

128.2 

183.2 

2,020.7 
9U.7 

9,012.0 
57I+.2 

l3'+.9 

2,863.9 
429.1 
425.1 

3.920.2 
484.7 
211.0 

124.9 

518.3 

1.535.2 

151.2 

104.S 

592.9 

748.8 

337-5 

880.0 

63-9 

11.7 

193.8 

21.9 



6. 086. 9 308,6a. 3 25.657-1 Ui,i68.8 38,649.2 40,599.0 4o,l72.8 1+7,990.3 48,960.5 53.815.4 44,546.4 47,682.1 53,ll»0.6 46,678.3 5U, 850.9 



442.8 
177.5 
302.5 

3,766.8 

359.9 

I,'-. 2.0 

113.6 
639.7 
531-0 

53U.6 

148.3 

3.81+7.1 
1,232.2 

1,008.5 
483.0 

527.1* 

649.6 
3I8.1 

759-9 

2,424.2 
2,681.1 

71+3.8 

323.1 

1,280.3 

181. 3 

1+99.7 

69.3 

224.6 

1.975-9 
130.2 

9,674.2 
605.5 
176.1 

3,290.8 
>*37.9 
1*85.7 

4,322.0 
551*. 7 

210.2 
162.0 

731+.0 

1,848.0 

177-8 
136.4 
659-0 

759.0 

365.3 

1,054.6 

101.5 

12.8 

220.8 

19.4 



377.5 
110.7 
227.4 

2,96l+.9 

315.1 
1,223.4 

94.4 
502.3 
415.9 

463.6 

98.9 
3.170.6 

1.108. 9 
771.7 
362.2 

445.4 
1*50.2 

279.8 
695.5 

2,062.2 

1.973.6 

581.4 

276.7 

1,062.6 

135.2 

375.2 

60.3 

201.2 

1.763.'+ 

88.7 

8,650.7 
523.7 
111.9 

2,564.3 
325-5 
405.3 

186. 9 

112.8 
474.6 

1.992.9 

144.2 
102.4 
521.7 

992.6 

305.1+ 

876.0 

70.4 

11.9 

181.6 

18.4 



372.8 

129.4 
253.1+ 

3.232.9 

337.5 

1.350-2 

100.6 
489.9 
462.5 

460.7 

115.5 

3.373.9 

1,164.2 

424.7 

439.0 
455.2 

288.4 

761.9 
2,312.8 
2,152.4 

609.2 
278-5 

i.a3.7 

148.2 

398.9 

60.6 

213.7 
1,948.2 

103.5 

s.316.3 
565.1 

119.8 

2.567-'+ 
345.1 

432.1 

'+.087.5 
1+60.9 

181.4 

113.5 

467.6 

1.643.5 



l42. 
115 



i 

585.1 

624.6 
31I+.2 

'§:; 

11.9 

130.8 

19.1 



3U9.3 

148.4 

264.7 
3.602.5 

340.4 

1.437-0 

123-3 
447.0 
533.1 

500.4 

122.8 
3.717.'+ 

1,400.6 
752-2 

476.6 



510. 

521. 

339- 



823.6 
2,605.1 
2,440.5 

656.5 
313.9 

1.21+8.4 

159-3 

396.3 

56.7 

219.9 

2,205.3 

U6.2 

10,758.8 
639-5 
117.3 

2,842.3 
383-0 
429.7 

lt.597-8 
527.2 
156.1 

127.8 
525-1 

1,807.2 



169.3 
124.2 

640.3 

684.2 

391.5 

1,129.0 

71*. 9 

18.8 

144.6 

22.6 

.4 



312.0 
138.1 

247.4 

3.01*6.3 

332-8 

1,229.0 

124.3 
392.9 

447.6 

114.3 

3.360.9 

1,173-8 
679.0 
429.6 

422.1 
481.5 
282.9 

790.2 
2.115.3 
2,018.6 

603.1 

274.0 

1,449.9 

140.4 

31*3.8 

55-6 

176.7 

1,924.8 

91.7 

9.07l*.3 
51*8.0 
122.7 

2,564.0 
322.4 
366.0 

1*, 100.6 
1*31*. 5 
175.2 

133.9 

457.1 
1,617.5 

210.3 
113.4 
598.0 

602.9 

327.9 

991+.3 

84.9 

9.0 

136.3 

25.6 



1.959- 



Source: Post Office Departaent, Dlrlslon of Postal Barings, 
p Prellalnary. 



•^7 

Sales of Tax Series Treasury Notes 
Table 1.- Summary, by Series 



Fiscal year 
or month 



19'»2-September. 
October. . . 
November, . 
December. . 



Amount 
outstanding 

end of 

fiscal year 

or month 

(par value) 



19U2 2/ 

19Ul-December.. 
19'»2-Januai7. . . 

Febroaiy. . 

March 

April 

May 

June 

July 

Au^at . . . . 

September. 

October. . . 
Hovember. . 
December. . 



3.014.5 



Ml 

697 
■ 807 
.536 
,7Uii 
.099. 
,0iU.5 

,356.6 
739.3 
137.1 

963.5 
702.5 
384.1 



I9te 2/ 

19'»l-Decomber. . 

19l*2-January. . . 
February. . 
March 

i^ril 

May 

June 

July 

August. . . . 

September. 

October. . . 
November. . 
December. . 



?*.8 

UU.O 

48.4 
50.6 
45.1 

48.5 
53.'* 
54.8 

60.3 

65.1 

112.7 

167.0 

200.1 
276.0 



19't2 2/ , 

19'H-December. . 

19'*2-January. . . 
February. . 
March 

April 

May 

June 

July 

August 

September. 

October. . . 

November. . 
December. . 



2.959.7 



■427.0 
,648.8 
.756.5 
.491.2 

,695.8 
,046.3 
,959.7 

296.3 
674.2 
181.2 

067.4 
026.0 

'*32.7 



Source: 



843.2 

1.729.1 
2,476.5 
3.675.3 



(In milliona of dollare) 



Net 

change 

during 

fiscal year 

or month 



Analysis of net change 



Analysis of gross sales 



Total 

funds 

received 



All series 1/ 



♦3.014.5 

+33'^.6 
+226.2 
+109.9 
-270.8 

+208.1 

+355."* 

-85.2 

+342.1 
+382.7 

+397.8 
+826.4 
+739.0 

+681. 5 



4,138.9 

3'*l.9 
237.8 
126.1 
234.8 

25"*. 7 
399.3 
4o6.9 

388.2 

'U7.9 
977.9 

941.1 

781.6 

1.312.3 



Series A 



+54.8 

+7.3 
+4.4 
+2.2 
-5.5 

+3.U 
+4.8 
+1.4 

+5.5 

+4.8 

+47.6 

+5'*. 3 
+33.1 
+75-9 



72.2 

7.3 
'♦.7 
3.2 
5.3 
4.6 
5.2 
5.1 
6.0 
5.1 
52.6 

5'*.7 
33.5 
86.0 



Series B 



+2.959.7 

+327.3 
+221.8 
+107.7 
-265.3 
+204.6 
+350.5 
-86.6 

+336.6 
+377.8 
-493.0 

-113.7 

-41.5 

-593.2 



4,066.7 

33'*.5 

233.1 
122.9 
229.5 
250.1 
394.1 

401.8 

382.2 

412.8 

82.1 



Series C 



+843.2 

+885.9 

+71*7. >» 

+1,198.8 



i/ 



Daily Treasury Statement and reports of gross sales 
Bevised. 

Less than $50,000. 

Series A notes have been on sale since August 1, I941 and 
yield approximately I.92 percent per annum. The maxiiJium 
amount which may be used in payment of each class of tax 
I income, estate, or gift) by each taxpayer during each 
taxable year is limited to $5,000 par value. If not pre- 
sented in payment of taxes, the notes will be redeemed at 
the purchase price only. Series B notes were sold from 
August 1, 1941 through September 12, 1942. The yield on 
these notes is approximately .43 percent per annum, and 



843.2 
886.4 
748.1 

1,226.3 



Adjustment 

of sales 

reported to 

funds received 



-17.2 
-3.7 



+10.0 


-1.9 


-2.5 


-6.3 


+4.0 


-13.3 


+5.9 


+18.8 


+37.1 


+17.7 


+4.0 


-22.6 



♦1.6 
-1.4 



+.2 
-.3 
+.6 
+.3 
-•7 



-17.3 

-5.3 
+11.5 

-1.8 
-2.4 

-6.4 

+4.0 

-13.3 

+5.9 
+18.6 

•'■.3 



+37.1 

+17.1 

+3.7 

-22.0 



Sales 
reported 



4.156.2 

345.6 

227.7 
128.0 
237.3 
261.0 
395.2 
420.2 

382.2 

399.1 
940.8 

923.4 

777.6 

1.33^.9 



72.1 

5.8 
6.1 



3 

5 

4, 

5, 

5. 

6.0 

'*.9 
52.9 
54.1 
33.2 
86.7 



4,084.1 

339.8 
221.6 
124.7 
231.9 
256.4 
390.1 
415.1 

376.2 
39't.2 
81.8 



8O6.I 
869. 2 

7'*^. 5 

1,248.2 



Exchanged 
(par value) 



48.6 
19.7 



48.6 
19.7 



Redemptions 
(par value) 



1,124.4 

7.3 

11.5 
16.2 



505 

46 

'*3 

492, 

46, 

35, 

531. 

9^. 

42, 
630. 8 



17.1* 



.3 

1.0 


10.8 


1.2 


.3 
3.7 


.5 

.3 

5.0 


.4 
.4 


10.1 



1,107.0 
7.2 

11.2 
15.2 

494. S 

45.4 

43.6 

488.4 

45.6 

35.0 

526.5 

94.1 

1*1.5 
593.2 



.4 

.8 

27.4 



2/ 



the amount which may be turned in on taxes is unlimited. 
If not presented in payment of taxes, the notes will be 
redeemed at the purchase price only. Series C notes were 
first offered for sale on September 14, 1942. Interest on 
these notes accrues each month on a graduated scale, and is 
ffr'?^^' *" ^ ^^^* °^ approximately 1.07 percent per annum 
if held to maturity. The amounts which may be turned in on 
taxes is unlimited. If not presented in payment of taxes, 
the notes will be redeemable at par and accrued interest, 
either at maturity or, on 30 days' notice, during and after 
the sixth month after the month of issue. 
Sale of Tax Series Treasury notes began in August 194l. 



Sales of Tax Series Treasury Notes - (Continued) 
Table 2.- Sales Reported by Series, Classified by Denomination 



riBCal year 



Salee in mlllloas of dollars at par 



Total 

all 

denoml- 

satlone 



Denomination 



$25 



$50 



$100 



$500 



ThouBande of dollars 



100 500 1,000 



Percentage distribution of sales 



Totel 

all 

denoml 

nations 



Denomination 



$25 



$50 



$500 



Thouaaads of dollars 



10 



100 500 1,000 



igUg 1/ 

19Ul-Dee 

igUS-Jan. ?/. 

Tet .• 

Mar 

Apr 

May 

June .... 

July.... 
Aug 

Sept. 2/ 

Oct 

Hov 

Dec 



72.1 
5.8 
6.1 
3.3 
5> 
h.6 
5-2 
5-1 

6.0 

52.9 

5^.1 
33.0 
86.7 



2-9 
• 3 

.2 

.1 

.2 

.2 

.2 
.2 

.2 
.2 

.3 

.5 

.u 

1.1 



U.2 
5 

3 
2 

3 



3 
U 
3 
7 

o 

,8 

2.0 



56.2 

h.o 

U.l 
2.0 

3-3 

2.8 
2.9 
2.9 

3-3 
2.7 
5.8 

7-2 

5- 

13-7 



3-1 

5 

J 

6 

5 
6 



5-7 



.6 
1.0 

•9 
1.2 
1.1 

1.1+ 

1.1 

25-7 

25-7 
lU.g 

39.3 



12.3 
10.1 

5.0 

12.9 



100.0 

100.0 
100. c 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100,0 
100. 



u.c 

5-3 

3-7 
u.l 

3-2 

3.6 
3.'* 
3.5 

3.1+ 

3.7 

.6 



1.2 

1.3 



5.8 

9.U 
5-5 

6.1 

5-1 
5.8 
5-7 
5-7 

5.8 

6.1+ 
1.2 

1-7 
2-3 

2.-? 



78.0 
85.2 

67.2 
62.0 

62.1 
60.1 

57.1 
57.0 

5U.2 
5U.2 
11.1 

13.2 
16.1 
15.8 



'*.3 



8.5 

9.U 

10.5 

10.6 
il.U 

12.1* 

13.1 
12.8 
15.2 

18.1 
20.3 
20. U 



7.9 



15.1 
18. If 
19.1 

19-9 
22.5 
21.3 

23.6 
22.9 

U8.6 

1*7. u 

Ult.9 
H5.3 



23-3 
18.7 
15.1 
1U.9 



Serlei B 



19U2 1/ 


U,08U.l 


l9Ui->c 


339-8 


igtr-Jan 


221.6 


Pel) 


1214.7 


Kar 


231.9 


Apr 


256.lt 


May 


390.1 


June 


U15.1 


July.... 


376.2 


Aug 


39"+ .2 


Sept 


81.8 



6.9 1U.7 11+8.5 



2.1 

1.2 

.6 

1.1 



1.1 
1.1 

1.5 
I.I4 

.5 



19.2 
12.1 

6.1* 
10.9 

10.6 
12.0 
13.8 

15.9 

16.0 

3-9 



566.7 

58.8 

39.8 
23.2 
33.'* 

39-8 
52.9 
65.5 

71. U 
71*. 1 
13.1 



1.391.8 

120.9 

71.8 
1*8.7 

71*. 5 

108.2 
122.4 
148.6 

150.8 

172.5 

15.5 



366.5 

22.0 

19.0 
11.5 
31.5 

34.5 

1*3.0 
55-5 

81. C 
37.5 
21.5 



1.589.0 

116.0 

77.0 

31*. 

80.0 

62.0 
158.0 
130.0 

55-0 

92.0 

27.0 



100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



3.6 
5.6 

5-5 

5-1 

4.7 
l+.l 
3.1 

3-3 

lt.2 
u.l 
U.8 



13.8 
17.3 

18.0 
18.6 
lU.U 

15.5 
13.6 

15.8 
19.0 

18.8 

16.0 



3'*.i 

35.6 
32.U 

39-0 

32.1 

U2.2 

31. 1^ 
35.8 

1*0.1 
1*3.8 

19.0 



9.0 

6.5 

8.6 
9.2 

13.6 

13.5 

11.0 

13.'^ 

21.5 

9-5 
26.3 



19U2-Sept.. 



Occ. . 
Nov. . 
Dec. 



8O6.I 

869.2 

7UU.0 
l,2l»8.2 



16.1* 

19.8 
16.9 
1*1.1 



21*. 8 

31.6 
26.2 

67.8 



131.2 

150.1 
126.5 
251*. 8 



267.3 
297.2 
229.9 
395.5 



98.5 

11*6.5 
71-5 

208.0 



268.0 

22U.O 
273-0 
281.0 



ICO.O 

100.0 
100. C 
100.0 



2.0 

2.3 
2.3 
3.3 



3-1 

3.6 
3.5 

5.1* 



16.3 

17.3 
17.0 
20.U 



33.2 

3U.2 
30.9 
31.7 



12.2 

16.9 

9.6 

16.7 



38.9 

3'*.l 

3i*.7 
27.3 
3'».5 

2l*.? 
1*0.5 

31.3- 

111. 6 
23.3 
33-0 



33-2 
25.8 
36.7 

22.5 



ce: Reports of gross sales. 
1/ Sales of Ta;c Series Treasury notes began In August 19U1. 



2/ Sale of $500 and $1,000 denominations Tax Series A Treasury notes began 

in January 19U2. 
_2/ Sale of $5,000 denomination Series A notes began in September I9I+2. 



•^9 

Sales of Tax Series Treasury Notes - (Continued) 
Table 3.- Sales Reported by Series, Classified by Type of Purchaser 



Fiscal year 
or month 



I9h2 1/ 

19Ul-Deceiii1)er. 



191*2- January. . 
February. 
March. . . . 



April. 
May. . . 
June. . 



July 

August . . . . 
September. 

October. . . 
November. . 
December. . 



191*2 1/ 

19Ul-December. 



19'*2- January. . . 
February. . 
March 



April. 
May... 
June. . 



July 

August . . . . 
September. 
October. . . 
November. . 
December. . 



191*2 1/ 

I9'*l-December. 



191*2- January. . 
February. 
March. . . . 



April. 
May... 

June.. 



July 

August . . . . 
September. 



lSl*2-September. 



October. . 
November. 
December. 



Sales in millions of dollars at par 



Total 



1*,156.2 

31*5.6 

227.7 
128.0 
237.3 
261,0 
395.2 
1*20.2 

382.2 
399.1 
91*0.8 

923.1* 
•777.1 

i.?3'*.9 



72.1 

5.8 

6.1 

3.3 

5.1* 

U.6 

5-2 

5.1 

6.0 

l*.9 

52.9 

51*. 1 

33.0 

86.7 



l*,08l*.l 

339.8 

221.6 
12i*.7 

231.9 
256.1* 
390.1 
U15.1 

376.2 
391+.2 

81.8 



8O6.I 

869.2 

71*^.0 

1,21*8.2 



Type of purchaser 



Individuals, 

partnerships, 

and fiduciaries 



Corporations 



Source: Eeports of gross sales. 

1/ Sales of Tax Series Treasury notes began In August igl*!. 



All series 



1*02.5 
1+2.1 
66.1 

26.7 

28.8 
37.2 
29.3 
35.5 

38.9 

28.8 
86.5 

122.1* 

86.1* 

I87.6 



63.0 
5.1* 

5.1* 
2.8 
1*.9 
1*.2 
i*.7 
1+.6 

5.1* 

H.3 

35.6 

1*2.7 
26.0 

65.8 



Series B 



339.5 

36.7 

60.7 
23.8 
23.9 

33.0 
2l».6 

30.9 

33.5 
2U.5 

5.6 



Series C 



1*5.3 

79.7 

60.1* 

121.8 



3.753.7 
303.5 

161,6 
101,3 
208.5 

223.8 
365.9 
381*. 7 

31+3.1* 
370.3 

851*. 3 
801,0 

690.7 
1.11*7.3 



9.1 
,1* 

.7 
,1* 
.5 
.u 
,1* 
.5 

.6 
.6 
1.7.2 
Ll,l* 
7.0 
20. P 



Percentage distribution of sales 



Total 



3. 71*1*. 6 
303.1 

160,9 
100.9 
208.0 

223.1* 
365.5 
38l*,2 

31*2.8 

369.7 

76.2 



100,0 

100,0 

100,0 
100,0 
100,0 

100,0 
100,0 
100.0 

100,0 
100,0 
100,0 

100.0 
100,0 
100.0 



760,8 
789.6 

683,6 
.126,1* 



100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100,0 
100,0 

100,0 
100,0 
100,0 



100,0 

100,0 

100.0 
100.0 
100.0 

100.0 
100,0 
100,0 

100,0 
100,0 
100.0 



100,0 

100.0 
100.0 
100,0 



Tjrpe of purchaser 



Individuals, 
partnerships, 
and fiduciaries 



9.7 

12,2 

29.0 
20,8 
12,1 

ll*.3 
7.1* 
8,5 

10.2 
7.2 
9.2 

13.3 
11.1 
lU.i 



87.1* 
93.? 

88.9 
87.2 

90,6 
92,1 

91.7 

90.3 
90.1 
87.7 

67.1* 

78.9 
78.7 
75.9 



8.3 

10,8 

27.1* 
19.1 
10,3 

12,9 
6,3 
7.1* 

8,9 
6.2 
6,8 



5.6 

9.2 
8.1 
9.8 



Corporations 



90,3 

87.8 

71.0 
79.2 
87.9 

85.7 
92.6 
91.5 
89.8 

92.8 

90.8 
86.7 
88,9 
85.9 



12.6 
6.2 

11.1 

12.8 
9.1* 
7.9 
8.3 
9.7 

9.9 
12.3 

32.6 

21.1 

21.3 
2l*,l 



91.7 



87.1 
93.7 
92.6 

91.1 
93.8 

93.2 



9i*.l* 
90.8 

91.9 

90.2 




^ 



Sales of Tax Series Treasury Notes - (Continued) 
Table 4.- Redemptions by Series, Classified by Means of Payment 



Tlscal yaar 
or month 



13kZ 1/ 

19Ul-D»c ember. 

igUg-Jannaiy. . 
Tebruary. 
March. . . . 



ipril. 
June. . 



July 

ATlfUSt . . . . 
September. 

October. . . 
loTember. . 
December. . 



igiia .V- 



19Ul-Dec ember. 

19'*2-JaB\ULr7. . 
Tebroary. 
March. . . . 



iprll. 
May... 
June. . 



July 

August.. . . 

September. 

October. . . 
Sovember. . 
December. . 



19U2 1/ 

19Ul-December. 
igUS-January. . 

Tebrxjary. 

March. . . . 






><■ 



April. 
May... 

June.. 



July 

August. . . . 

September. 

October. ■ • 
HoTenber. . 
December. . 



19'*2-September. 

October. . . 
Bovember. . 
December. . 



Bedemptlone In nilllons of dollari at par 



lotal 



Means cf payment 



Becelved 
for taxes 



Cash 
redemptions 



Percentage distributions of redemptions 



Means of payment 



Received 
for taxes 



All series 



1.12lt.l4 
7.3 

11.5 

16.2 

505.6 

U6.6 
'♦3.9 

U92.I 
1*6.1 
35.3 

531.5 

1|2.6 

630.8 



1.103.7 



10,5 

15. « 

501*. 7 

U2.1 

U85.2 
UU.S 
Z^.k 

527.3 
56.3 
37.8 

626.2 



Series A 



17.'* 



.3 

1.0 

10.8 

1.2 

•3 
3.T 

.5 

.3 

5.0 

.!♦ 

.U 
10.1 



16.6 



.3 

.9 

10.5 

1.1 

.2 
3.6 

•3 
.2 

U.9 
.2 
.2 

9.8 



Series B 



1,107.0 

7.2 

11.2 

15.2 

U9U.8 

U5.U 
1*3.6 

U88.U 
U5.6 
35.0 

526.5 
91+. 1 
1»1.5 

993-2 



1,087.1 



10.3 

1U.9 

U9U.2 

i»i*.3 

U1.9 

U8I.6 

Wt.5 
29.3 

522.5 
56.1 
36.8 

589.0 



Series C 2/ 



.U 

.8 

27.1* 



.7 
27.'* 



20.7 

7.3 

1.0 

.3 
.9 

1.3 

1.8 

6.9 

1.2 
5.8 
l*.l 

38.6 
U.9 

k.6 



19.9 

7.2 

.9 
.2 
.6 

1.2 

1.7 
6.9 
1.1 
5.7 

k.Q 
37.9 

1.6 

1*.2 



•2/ 



100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



100.0 
100.0 
100.0 



98.2 



9I.U 
97.9 
99.8 

97.3 
95.9 

98.6 

97.3 
83. i» 
99.2 

88.6 
99.3 



95.6 



85.2 
91.0 
97.3 

93.'* 
76.1 
97.2 

72.6 
60.8 
97.>t 
U7.U 
U8.7 
96.9 



98.2 



91.6 

98. U 
99.9 

97.»t 
96.0 
98.6 

97.5 
83.6 
99.2 

59.7 
88.8 

99-3 



97.2 
99-9 



Cash 
redenptlons 



1.8 

100.0 

8.6 

2.1 

.2 

2.7 
l*.l 
l.U 

2.7 

16.6 

.8 

UO.7 

11. U 

.7 



100.0 
lU.8 

9.0 

2.7 

6.6 
23.9 

2.8 

27.'+ 

39.2 

2.6 

52.6 
51.3 
3.1 



1.8 

100.0 
8.U 

1.6 
.1 

2.6 
U.O 
l.U 

2.5 
16.U 

.8 

U0.3 

11.2 

.7 



100.0 

2.8 

.1 



Source: Dally Treasury Statements, 

r Bevlsed. 

• Less than $50,000. 

1/ Sale of Tax Series Treasury notes began In August I9UI. 



2/ Series notes were first offered for sale on September lU, I9U2, 
and may not be redeemed for cash until the sixth month after the 
date of Issue. 

2/ Special redemption. 



-51- 



y- 



OWNERSHIP OF GOVERNMENT SECURITIES 




^ 



ifm 



52 



Sumnary Distribution by Classes of Holders of Interest-Bearing Securities Issued 
by United States Government and Guaranteed by United States 



(In ■lllloni of dollars) 



kid of flteal 
jraar or aonth 



1933- 
19A 
1935. 
1936. 
1937. 

193«- 
1939. 
19W. 
19U1. 
19>»2. 



Seoorltle* Issuod 1>7 United States Oorsraasnt 



Total 
aaonat 
out- 
standing 



19Ul-Dec. 



19U2^an. . 
Teb.. 
Mar.. 



Apr.. 
Kay.. 

June. 

July. 
Au«.. 
Sept. 

Oct.. 
Hot. . 
Sec. 



22,158 
26.U80 

27.SU5 
32.989 
35.800 

36.576 

39.886 
U2.376 
"Ml. 387 
71.968 

57. 1^1 

59.531 
61.895 
61,9'W 

6it,l*96 

68,108 

71.968 

76.69U 
gl,2Ul» 
85.8U7 

92,265 
95,'*58 
107,308 



Distribution by elesaes of holders 



U. 



S. OoTenaient agendas 
and trust funds 2/ 



Total publle 

and spseial 

Iscuss 



Public 

■arke table 
i ssues 



690 
1.288 
1.629 

l.9'^5 
3.2a 

5.600 
6,792 

8,2lU 
10.330 

9.2U9 

9,332 
9.537 
9.687 

9.721 
9. 91*3 
10.330 

10.582 
10.85>» 
11,106 

11.198 
il.Uoo 

ll,886p 



Publle noB- 

■aricetabla 

Issues 



367 

892 

996 

1.319 

1,663 

1.776 
1.830 
2.017 

2.093 

Z,kk2 

2.266 

2,268 
2,3'*5 

2,351 
2,360 

2.&22 
2,UU2 

2,'*53 
2.588 
2.592 

2,609 
2,608 
2.850p 



Special 
issues 



1 
2 
3 

3 
3 
3 

U 

u 

k 
u 

5p 



323 
396 

Pi 
626 

1,558 

2,676 
3.770 
U.775 
6,120 
7.885 

6,982 

7,063 
7,190 
7,333 

7,358 
7,518 
7.885 

8,125 
8,262 
8.509 

8,585 
8,787 

9.032 



federal 
Bsserre 
Banks ^J 



Public 

■arke table 

issues 



1.998 
2,U32 

2.U33 

2,U30 

2.526 

2,56t 
2.551 
2,U5e 

2.180 
2.6U1 

2,250 

2,239 
2,261 
2.2U1 

2.3H6 

2.U82 
2.6U0 

3,1'»8 
3,U2l 

3.552 

lv,6U9 
5.377 
6.152 



Prlfrnts laTasters U/ 



fetal 
public 
issues 



Public Public aon- 
■arketable sarketable 
issues issues 



19.'»69 
22,760 
23.581 
28,6lH 
30.053 

29.560 
31.735 

33.126 
37.993 
58.997 

'*5.952 

1*7,960 
50.097 
50,012 

52.H29 
55.683 
58.998 

62,96U 
66.969 
71.189 

76.U17 

78,682 
89.270p 



I9.U69 
22.760 
23.5a 

27.353 
28,865 

28.OOU 
29.58't 

29.961 

33.'»39 
115,1*90 

37,01+6 

37,765 
39,091* 
38.737 

i»Q,l»3l 
1*2,711 
1*5, U91 

1*8.225 

51.167 

5'*. 257 

57.750 
58.569 
67.i*87p 



62 

1.261 

1.188 

1.556 
2,151 
3.166 

U.55'* 
13.507 

8,906 

10. 191* 

11,002 

11.275 

11.999 
12.973 
13,507 

i'*,739 

15,801 

16.932 

18,667 
20,113 
21.783P 



Securities guaranteed by United States 1/ 



Total 

aaount 

unnatured 

out- 
standing 



681 

U,123 

I*, 718 

U,665 

U.853 
5.1*50 
5. '♦98 
6,360 
U,5>»9 

6.317 

5.673 
5,673 
5.666 

5.666 
5.667 
U.5U9 

'*.55i 
U.567 
'♦.552 

l*,2l*3 

U.2i*i* 

1*,283 



Distribution by classes of holders 



TJ. S. a«veraBent 

agencies and 
trust funds and 
federal Beserre 
Banks 2/ 



Publlo 

■aiketabls 

issues 



Public 

■arketable 

lasues 



286 
287 



285 

283 
289 
288 

295 
291 
286 

289 
297 
319 

326 

332 
3'»7p 



Prirate 
investors 



Public non- 

■arketable 

issues 



3,761 
U.3»»3 
U,302 

U.5S8 
5.161* 
5.211 
6.087 
it,263 

6.032 

5.390 
5.381* 
5.378 

5.371 
5.376 
U.263 

1».225 
1*,217 
U.I96 

3.870 
3,863 
3,8i*9p 



37 
53 
37 

1*8 
1*8 
87 



Source: (1) Total anounts outstanding: Dally Treasury Stateaente; 
(2) Securities held by U. S. OoTernnent agencies and trust 
funds: reports of the agencies and accounts with the 
Treasury; (3) Securities held by federal Reeerre Banks: 
federal Reeerre Syaten. 

p Frellnloary. 

• Less than $500,000. 

1/ Iieludes matured securities and obligations sold directly 
to the Treasury. 

2/ Zxcludes Ixchange Stabllltatloa fund. U. S. OoTernment trust fund 

~ figures shovtt for June 30 of each year are as of the end of the Bonth; 



other figures through April 30, 19^*2 are as of the Wednesday nearest 

the end of the nonth. 
2/ figures Bhovn for June 30 of each year are as of the end of the month. 

Other figures are in part as of the Wednesday nearest the end of the 

month through Hay 19l*2; thereafter as of end of the month. 
U/ The total amount of securities held by prirate inTostors is calculated 

by deducting from the total amount of gecurltles outstanding, the ss- 

curities held by U. S. Oorernment agencies and truet funds ami ." 

federal Reserve Banks. 



y:W^. 




Net Market Purchases or Sales of Government Securities for Treasury Investment Accountsl/ 



(la Billions of dollars; 



, 


■•t aarkat purohasss or sales (-) 










Jan. 


feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Sot. 


Oic. 


1QT7 , 


ll».U 

-12.0 

1.6 

-9.5 
-2.8 

-5 


5.7 

-3.0 

.1 

-20.9 

12.0 

30.0 


119.6 
23.3 

-12.5 
-5.7 

5.8 


11.9 

2.5 

-37.1 

-1.6 
-.7 

.3 


3.9 
-ItO.l* 

-.2 

• 


2>*.>« 

.8 

5.0 

.9 

.1* 

.3 


1*.8 
1.2 

3-0 

• 

-2.3 


12.5 

-3.9 

3.3 

-8.1* 


8.9 
3«-5 
71.9 

-.3 

• 

->».5 


3.7 

1.0 

-1.2 

-1*.1» 

-.2 

-1.0 


2.0 

.1* 
-2.8 

-3 


-I5.U 


IQTg. 


6.5 




-3.2 


IQlifi -.....•...•••••• 


-1.1 


iqUi ....••••••••••• 


60.0 


19^ 


- 



^^•:>:Mi 



• Lsss than $50,000. 

1/ Consists of purehasee or sales mads by ths Treasury. Treasury in- 
Tsstasnt aoeonnts coapriss (1) trust funds which by law are under 
tba control of the Secretary of ths Treasury or of ths Treasurer 
of tha Dnltsd States, and (2) accounts under the control of eertala 



U. 8. Oorar^ant agencies ^ose inTOstaent are handled tbrou^ tba 
facilities of the Treasury Department. This tabls also includes pur- 
chasss under Section 19 of the Second liberty Bond Act, as amended, 
and excludee the Izcbaaca Stabilisatlan Fuad. 



53 



Sunmary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, November 30» 1042 

The following tables present summary data from the Treasury survey, as of 
November 30, 19*^2. of the ovmershlp of securities Issued or guaranteed by the 
United States. The large commercial and savings banks and Insurance companies 
covered in the survey account for approximately 95 percent of the holdings of 
United States Government and CJovemment-guaranteed securities held by all banks and 
insurance companies in the United States. 



Table I.- Jaialysls of Omershlp by Type of Security, by Call Classes, 
and by Tax-Bxeoption Provisions 

PART A - PAR VALUES IN MILLIONS OF DOLLARS 



eiaaalfle*tloB 



■amukt 

ont- 

•taadlac 



I. By type of •eeorl^ 

Seenrltles iisusd 1>y United Statet 

Treasury Mile 

Certificates of IndeMedaeis 

Treasury notes 

Treasury bonds 

Other toads 



Ooaranteed Issues 2/ 



Total. 



^ call elassM 
Dds or first beeoaliic eallakl* 

Within 1 year 

1 to 5 years 

3 to 10 years 

10 to 13 years 

15 to SO years 

Orer 20 years 



'ederal Housing Idalnlstratloa debentures 



Total. 



III. 8y taz-eieaptlon proTlslons 

Wholly ezeopt from federal Ineoae taxes U/ 

Partially ezsapt fron federal Incoas 
taxes ^ , 

Subject to Tsdaral Ineone taxes 



Total. 



5.721 

7.161 

10,095 

U3.3gi 

196 

'*.195 



Pnblle; ■arketabls Interest-bearlnc seonrltles 1/ 



Total 

7.00J 

iBStl- 

tntlens 



Held by basks and Insurance ooapaalen 
eoTered In Treasury surrey 



S.aUe baake 



Tetal 



>»,602 

6.313 

29.55« 
12 

3. 113 



70,750 



16,675 
19.891 

20,1*27 

6,10*7 
■♦,572 
2,n6 



70.750 



3,690 

29. '•69 
37.591 



70,750 



'»7,92? 



10,915 

12.996 

15.102 
3.97'» 
3.262 
I.65U 

20 



'».230 

U.Meg 

6,02U 

a.o»*3 

11 

2.776 



5.75« 



el*l 



>».a6 
U.389 

5,828 

17.377 
11 

2,660 



"♦90 
■utnal 
sarlncs 



lU 

99 

196 

3.666 

• 

116 



757 lasurasoa eotpanlas 



total 



'»7.922 



l.MOO 
19.581 

26.9'a 



U7.922 



38.571 



10,U28 
11.197 
12.502 

2.56U 
853 

1.019 



38.571 



1.291 

ii*.i6i» 
23.117 



38.571 



3U,1»80 



10,175 

10,517 

10,522 

2,001* 

581 

67U 



3l*,l*80 



1.259 

12.798 
20,1*23 



3l*,l*80 



i»,09i 



253 

681 

1.979 
560 
273 
3U5 



U.091 



31 

1,366 
2,691* 



93 
UU 

290 

8,515 

1 

338 



199 

life 
Insurance 
ooapaales 



9.351 



'•87 
1.799 
2.600 
1.1*10 
2,1*09 

631. 

12 



9.351 



110 

5.'*17 

3.821* 



't.091 



9.351 



77 

32 

159 

7.056 

• 

281 



7.605 



289 

1.353 
2,110 
1,158 
2. Ill* 
569 

12 



558 
firs, 
ossualty, 
and narlae 
Insuraaoa 
coapasles 



7.605 



53 

■♦,21*1 

3.3U 



7.605 



17 

82 

130 

I.U59 

1 

57 



Held by 

V. 8. 

Ooreroaent 

aeendes 

and trust 

funds, and 

federal 

Heserre 

Banks 2/ 



1.7>t6 



198 
1*1*6 
I190 
252 
291* 
65 



i.7't6 



57 

1.176 
513 



1.71*6 



(Continued on following page) 



Held by 

aU 

other 

Investers 



388 

1.203 

1,1*28 

'♦.932 

33 

332 



8,317 



2,071* 

2,1*72 

2.190 

829 

1*12 

338 



8.317 



589 

3.5a 
1*,207 



8,317 



1,010 

1.356 
2.351* 

8.891 
150 

750 



li».5lo 



3.685 

1*.1*23 

3.136 

1,61*1* 

899 

721* 



1U.510 



1.700 

6.367 
6.1*1*3 



llt.510 







3^ 

Sunmary Data from Treasury Survey of Omershlp of Securities 

Issued or Guaranteed by the United States, November 30, 1042 - (Continued) 

Table I.- Analysis of Omershlp by Type of Security, by Call Classes, 
and by Tax-Exempt ion Provisions - (Continued) 



F.V?.r B - PERCENTAGE DI3TRIBUTI0K BY CLASSES OF SECURITIES 



Classification 



Total 
amount 
out- 
standing 



Public Bnrketable Interest-bearing securities 1/ 



Held by banks and Insurance companies 
covered In Treasury survey 



Total 
7.005 
Insti- 
tutions 



6,2U8 banks 



5.758 

comiTier- 

clal 

banks 



1*90 

mutual 

savings 

banks 



757 insurance companies 



Total 



199 

life 
insurance 
companies 



558 fire, 
casualty, 
and marine 
insurance 
comTianies 



Held by 

U. S. 

(rove rnment 

agencies 

and trust 

funds, and 

Federal 

Reserve 

Banks 2/ 



Held by 

all 

other 

Investors 



By type of security 
Securities Issued by United States 

Treasury bills 

Certificates of Indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 

Guaranteed issues j/ 

Total 



S.l 
10.1 

61.3 

.3 

5-9 



9.0 

9.6 

13-2 

61.7 

• 

6.5 



11.0 

11.6 
15-6 
51*. 6 

• 

7.2 



12.2 
12-7 
16.9 

50. U 

• 

7-7 



2.1* 
U.8 

89.6 

* 
2.8 



1.0 

1.2 

■^.1 

91.1 

• 



1.0 

.u 
2.1 

92. C 
3-7 



.9 

U.7 

7-5 

8-5.6 

« 

■'•3 



t.7 
1U.5 

17.2 

59-3 

.It 

U.o 



7.0 

9.3 

16.2 

61.3 

1.0 

5.2 



II. By call classes 

Due or first becoming callable 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

Over 20 years 

Federal Housing Administration debentures... 

Total 

III. By tax-exemption provision* 

Wholly exempt from Federal income taxes h/ . . 
Partially exempt from Federal Income taxes ^ 
Subject to Federal Income taxes 

Total 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



23.6 

28.1 

28.9 

9-1 

6.5 
3.8 



22.8 
27-1 

31 -'S 

8.3 
6.8 

3-5 



27.0 
29.0 

32.'* 

6.6 
2.2 
2.6 



29-5 

30.5 

30.5 

5.8 

1.7 

2.0 



6.2 
16.6 
1*8.1* 
13-7 

6.7 

8.1* 



5-2 
19.2 
27.8 
15-1 

25.8 

6.8 

.1 



3.8 
17.8 
27.7 

15-2 

27.8 
7.5 

.2 



11-3 

25.5 

28.1 
li».U 

1S.9 

3-7 



2U.9 
29-7 
26.3 
10.0 

i*.9 
i*.i 



25.1* 
30.5 
21.6 
11.3 
6.2 
5.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



5-2 

1*1-7 
53-1 



2.9 

1*0.9 
56.2 



3.3 
36.7 

59-9 



3-7 
37.1 
59-2 



33.1* 
65.9 



1.2 
57.9 
U0.9 



• 7 
55.8 
1*3.5 



29.1* 



7.1 
1*2.3 
50.6 



11.7 

1*3 



Ul* 



-.1 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



100.0 



PART C - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS 



Classification 



Public marketable interest-bearing securities l/ 



Total 
amount 
out- 
standing 



Held by banks and insurance companies 
covered In Treasury survey 



Total 
7,005 
insti- 
tutions 



6,2l*8 banks 



Total 



5,758 

:ominei'- 

rUl 

banks 



1*90 

mutual 

savings 

banks 



757 Insurance companies 



Total 



199 

life 

insurance 

companies 



558 fire, 
casualty, 
and marine 
Insurance 
companies 



Held by 

U. S. 

Government 

agencies 
and trust 
funds, and 
Federal 
Reserve 
Banks 2/ 



Held by 

all 
other 
Investors 



I. By type of security 

Securities Issued by United States 

Treasury bills 

Certificates of Indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 

Guaranteed Issues ^ 

Total 

II. By call classes 

Due or first becoming callable 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 yeare 

Over 20 years 

Federal Housing Administration debentures.. 

Total 

III. By tax-exemption provisions 

Wholly exempt from Federal income taxes U/. 

Partially exempt from Federal Income taxes ^ 

Subject to Federal Income taxes 

To tal *• ■ 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



75-6 

6U.3 
62.5 

68.1 

6.3 

7U.2 



73.9 

62.7 
59-7 
1*8.5 
5.8 
66.2 



73-7 
61.3 
57.7 
1*0.1 

5.8 
63.1* 



.3 

1.1* 

1.9 

8.5 

.1 

2.8 



1.6 
1.6 

2-9 

19.6 

.U 

8.0 



1.6 

16.3 

.1 

6.7 



.3 

1.1 

•3 

1.1* 



6.8 

16.8 

lU.l 

11.1* 

17.0 

7.9 



100.0 



67.7 



51*. 5 



1*8.7 



5.8 



13.2 



10.7 



2.5 



11.8 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



65.5 
65.3 
73.9 
61.6 

71.3 
60.9 

93.3 



62.5 
56.3 

61.2 

39.8 
18.7 

37.5 
36.5 



61.0 
52-9 
51.5 
31.1 
12.7 
2U.8 

33.5 



1.5 

3.'t 
9.7 
8.7 
6.0 
12.7 
3.0 



2.9 

9.0 
12.7 

21.9 

52.7 
23.1* 
56.7 



1.7 

6.8 

10.3 

18.0 
1*6.2 
21.0 
56. U 



1.2 
2.2 

2.U 
3.9 

6.U 

2.1* 

,U 



12.1* 
12.1* 
10.7 
12.9 

9.0 
12.5 

5.9 



100.0 



67.7 



_5M 



1*8.7 



5.8 



13-2 



10-7 



J^l. 



11.8 



100.0 
100.0 
100.0 



38.0 
S6.U 
71.7 



35.0 

1*8.1 
61.5 



3l».l 

i*3.>» 
5'*.3 



U.6 
7.2 



3.0 
18.1* 
10.2 



l.U 

lU.U 

8.8 



1.5 
U.O 
1.1* 



16.0 
11.9 
11.2 



100.0 



67.7 



Jlill 



U8.7 



_5l8. 



13.2 



10.7 



.Ri3_ 



11.8 



17.7 

18. 9 

23-3 
20.5 
76.8 
17.9 



20.5 



22.1 
22.2 
15-1* 
25.5 
19.7 
26.6 
.9 



20.5 



1*6.1 

21.6 

17.1 



20.5 



Rote: Figures are rounded to the nearest million or the nearest 
one-tenth of one percent and will not necessarily add to 
totals. 
• Ler,s than $500,000 or less than .055^. 

1/ Public marketable Interest-bearing securities Include all 
~ Interest-bearing secarltles outstanding except (l) special 
.ssues to Government agencies and trust funds, (2) r.djusted 
service bonds, (3) depositary bonds, (1*) United States 
savings bonds, and (5) tax series notes and (6) Conmodity 
Credit Corporation demand obligations. Such obligations 
were held by Institutions reporting, as follows: (l) depos- 
itary bonds: commercial banks, $93 millions; (2) United 
States savings bonds; commercial banks, $180 millions; 
mutual savings banks, $66 millions; insurance companies. 



$93 millions; all Institutions, $338 millions; (3) tax series 

notes: commercial banks, $51* millions; mutual savings banks, 

$1* millions; Insurance companies, $29 millions; nil Institutions, 

$87 millions; (l«)(Con)modlty Credit Corporation demand obligations 

holdings of these obligations are not reported. 

excludes Exchange Stabilization Fund. 

Excludes obligations sold directly to the Treasury. 

Securities the Income from which is exempt from the normal rates 

and the s\irtax rates of the Federal income tax. 

Securities the Income from which is exempt from the normal rates 

of the Federal Income tax. (in the case of partially tax-exempt 

Treasury bonds, interest derived from $5,000 of principal amount 

owned by any single holder is also exempt from the surtax rates 

of the Federal income tax. ) 



55 



Summary Data from Treasury Survey of Onmership of Securities 
Issued or Guaranteed by the United States, November 30, 1942 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding 

PART A - PAR VALUES IN MILLIONS OF DOLLARS 



IsBue, claaelfled 'by 
tax-ezamptlon provision 



I. Wholly exempt from Federal Income taxes 37 
Treasury notes 

1-3/ltiS December 19U2 

l-l/8if June 19^*3 

Ij8 September 19U3 



l-l/gi6 December 191*3. 
1% March igW. 

3/1*56 June 19I4*. 



1% 



September igW*. 
March 19U5. 



Total Treasury notes. 

Bonds 

Postal savings 

Panajna Canal 

Conversion 



Total bonds. 



Total vAolly exempt from Federal 
Income taxes 



Partially exempt from Federal Income 
taxes "1*7 

Treasury bonds 

3-3/g;J June 19'*3-'t7 

3-l/kH October 19l*3-'t5 

3-I/U5J April 191*11.1*6 



UjJ December 19l*l*-5l*. 
2-3/U;J September igl+S-Uy. 
2-ll2i December 191*5 



3-3/1*56 March 191*6-56. 

358 June 19U6-1*8. 

3-1/856 June 191*6-1*9. 



U-I/U56 October 191*7-52. 
256 December igUJ.... 

2-3/1*56 March 191*8-51. 



2-1/256 September 19U8 

256 December 19U8-5O. 

3-l/8;6 December 191*9-52. 

2-1/256 December I9U9-53. 
2-1/25S September 195O-52. 
2-3/1*56 June 1951-51*. 

356 September 195I-55. 

2-1/1*56 December 1951-53. 
2^ June 1953-55- 

2-1/1*56 June 195U-56. 

2-7/856 March 1955-60. 

2-3/1*56 September 1956-59. 

2-3/1*56 June 1958-63. 
2-3/1*56 December 196O-65. 

Total Treasury bonds. 



Public marketable istereat-bearlog securities 1/ 



Total 
amount 
out- 
standing 



232 
629 
280 

1*21 
515 
1*16 

283 
718 



Total 

7.005 

lusti- 

tutions 



3,1*91* 



117 
50 
29 



196 



3.690 



1*5U 
1.1*01 
1.519 

1,037 

i.aii* 

51*1 

1*89 

1,036 

819 

759 

701 

l,22l* 

1*51 
571 
1*91 

1,786 
1,186 
1,627 

755 

1,118 

725 

681 

2, fall 

982 

919 
1.1*85 



108 
197 
131 

111* 
25!* 
208 

36 
339 



Held by banks and insurance companies 
oovered in Treasury survey 



6,21*8 banks 



99 
181 
125 



21*6 
201 

36 
30I+ 



5.758 
commer- 
cial 
banks 



91 
172 
123 

81* 
21*3 
199 

31+ 
301 



1,1*00 



26,581 



259 
752 
890 

faitU 

766 
1*05 

318 
638 
U86 

1*10 
593 
91*0 

368 
1*67 
391 

1.253 

912 

1,200 

■(20 
826 
62l* 

537 
1,167 

622 



1,051* 



1,279 l,2l*8 



1,291 



17.531 



196 

581* 

656 

1*93 
559 
328 

213 
U5I* 

31*5 

276 
520 



290 
1*11 
255 

1,016 
72i* 

771* 

230 
760 
598 

1*01 
590 
360 

270 
391 



1*90 
mutual 
savings 
banks 



757 insxiraace companies 



1.259 



12.393 



150 
521 
592 

'+33 
502 
306 

185 
395 
292 

221 

506 
631 

279 
1*05 
208 

932 
652 
656 

175 
730 
587 

389 
1*70 
315 

227 

353 



31 



11,111 



1*6 
61* 
6U 

61 
58 
22 

28 
59 
53 

55 
13 
67 

11 

6 

U7 

81* 

73 

119 

55 
30 
11 

12 
120 

1*5 

1*3 
38 



109 



199 

life 

insurance 
companies 



1,283 



63 
l68 

23I* 

151 

206 

77 

105 
181* 
ll*2 

131* 

73 

2l*l 

78 

56 

137 

237 
187 

1*26 
91 

66 
26 

136 
577 
262 

1*19 
663 



5.138 



(Continued on following page) 



3 
3 
3 

21 
2 
2 



19 



558 
fire, 
casualty 
and marine 
insurance 
companies 



53 



53 



1*9 
117 
180 

'16^ 
Ul* 

92 
153 
116 

77 

1*6 

203 

6U 
35 



181 
137 
362 

67 

itii 

5 

102 
1+67 
198 

341 
538 



3,993 



7 
12 

3 

5 
6 
5 

1 
17 



Held by 

V. S. 

Oovernnent 

agencies 

and trust 

funds , and 

Federal 

Reserve 

Banks 2/ 



56 



57 



1*2 

33 

13 
30 
25 

57 
27 
38 

13 
22 
38 

57 
50 
61* 

2U 
22 
21 

^1* 

lio 
61* 

79 
125 



1,11*1* 



31 
116 

33 

51 

107 

72 

59 



Held by 

all 

other 

Investors 



556 



33 



33 
589 



57 
168 
182 

110 

161 

U2 

65 

207 

85 

85 

13 
153 

27 

53 
Ul 

272 
151 
203 

110 

161 

38 

51 

'*37 

181* 

91 
ll*0 



3,287 



93 
316 
115 

256 
153 
135 

188 
293 



1,550 



150 



1,700 



138 
1*80 
1*1*6 

283 

288 

93 

106 
192 
2U7 

26U 

96 

131 

56 
51 
60 

261 
123 
223 

325 

131 
63 

93 

1,008 
176 

139 
291 



5,763 



56 



Summary Data from Treasury Survey of Omershlp of Securities 

Issued or Guaranteed by the United States. November 30, 1S42 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART A - PAR VALUES IN MILLIONS OF DOLLARS- ( Continued) 









Issue, claaelflad by 
tax-ezeoptioa provision 


Public marketable interest-bearing securities 1/ 


Total 
aaount 
out- 
standing 


Held by banks and insurance companies 
covered in Treasury survey 


Held by 
n. E. 

Sovermnent 
agenclos 
and trust 

funds, and 
Federal 
Eeierve 
Banks 2/ 


Held by 

all 

other 

investors 


Total 
7.005 
insti- 
tutions 


6,21*8 banks 


757 insurance companies 


Total 


5.758 
commer- 
cial 
banks 


1*90 

mutual 
eavlngB 
banks 


Total 


199 

life 
insurance 
companies 


558 

fire, 
casualty, 
and marine 
insurance 
companies 


II. Partially exempt from Federal income 


290 

95 
835 

21 

779 
755 

llU 


21*3 

6U 
5U0 

20 

391* 
690 

99 


237 

36 
1*27 

8 

321 
6U5 

97 


236 

22 

1*05 

7 
285 

637 

96 


2 

ll» 
22 

1 

36 
8 

1 


5 

28 

113 

12 

73 
H5 

2 


2 

27 
102 

12 

66 

38 

• 


3 

1 
11 

• 

7 
7 

2 


2 
89 

1 

139 
2 

• 


U7 

28 

206 

• 
2l*5 

63 
15 


taxes 1*/ (continued) 
Oiiarsnteed issues ^ 

Commodity Credit Corporation 

3/U!« May 191*3 

Federal Farm Mortgage Corporation 
3_l/U5f March igl^li-Sl* 


7i Mav 1Q1*1*-1*Q 


Federal Housing AdminSstration 


Home Owners' Loan Corporation 

356 May 19'»'*-52 

1-1/255 June 19l'5-'»7 

United States Housing Authority 

I-3/85J February 19U1* 




2,888 


2.050 


1.770 


1.687 


83 


279 


2U8 


31 


231* 


601* 


Total partially exempt from Federal 


29, 1*69 


19.581 


lU,i6lt 


12.798 


1.366 


5.'tl7 


l*.2l+l 


1,176 


3,521 


6,}67 


III. Subject to Federal income taxes 


5.721 


'*.?23 


i*.230 


l*.2l6 


ll* 


93 


77 


17 


388 


1,010 


Certificates of indebtedness 

1/1*^ December I9U2 

5/855 February 191*3 

.6555 May 19't3 

7/855 August 191*3 

7/8^ Norember 19U3 

Total certificates of indebtedness.... 

Treasury notes 

3/1*56 March 191*3 

3/1*55 September 19UU 

1-1/1*^ March 191*5 

3/1*56 December 19I15 

155 March 191*6 

1-1/255 December I9U6 

Total Treasury notes 

Treasury bonds 


U22 
1.589 
1,506 
1,609 
2.035 


953 
l,05U 
1 , ii*5 
1,1*50 


91 1* 
1,0^1* 

1,12U 

1,1+17 


898 

1,019 
1,099 

1.372 


16 
ll* 
25 

Ui* 


UO 
20 
22 

33 


17 
I 

8 


23 
17 
18 

25 
82 


U22 
•317 
125 
li*9 

189 


318 

327 
31U 
396 


7.l6l 


1*,602 


1*.1*88 


1*, 389 


99 


llL 


32 


1.203 


1.356 


66 
635 

i,fco6 
531 
503 

3.261 


15 
519 

1,130 
i*Ug 
U06 

2,U08 


lU 

1*88 

1.097 

1*18 

^^\ 

2.356 


13 

1*70 

1,063 

Uoo 

356 

2,278 


2 

18 
3'+ 
18 
15 
78 


31 

33 
30 
35 
51 


• 
21 
20 
20 
2l* 
21 


10 

13 

10 

11 

30 


39 
15 

21*5 
18 
2U 

532 


12 
100 

231 
66 
73 

321 


6,602 


U,925 


i*.7i»5 


1*,580 


165 


181 


107 


71* 


873 


80U 


1.115 

1,011- 
1.292 
2.098 
1.963 
510 
l,02l* 
1,501 

).i;);9 

2,118 
2.716 


831 

801 

1.071 

1.51*7 

1.1*33 

338 

667 

l,i'*3 

1,0?1* 

I.5I8 

I.65U 


667 
699 
993 

1.192 

1,291 
316 
538 
927 
615 
192 

1.020 


505 

588 

832 

1.227 

l.li*3 

278 
222 

555 

2U2 
675 


162 

111 

161 
165 

ll*8 

'? 
316 

372 

373 
192 
3U5 


16U 

102 

78 

155 
1U2 

22 
129 
216 

1-09 

1.326 
63U 


151 
81* 

58 

126 

13 

119 

190 

386 

1.236 

569 


13 

17 

20 
25 

16 

9 

10 
26 
23 
90 
65 


139 
138 
6U 
11*8 
176 

82 

130 
129 
120 
181 

338 


1U5 

76 

157 

U02 

353 

91 

227 

229 
305 
U?0 
72l* 


2i June 191+9-51 


941 !lprflmb*»r 1QUP-^1 


2^6 March 1950-52 

2i December 1951-55 


2-1/U^ June 1952-55 

P_l /p4, MnrrJi 1Q^6-S8 


?-l /?lK June 1P6?-67 






l5, 800 


12.027 


8.61*9 


6,266 


2,383 


3.378 


3.063 


:'i5 


1,6U5 


3.128 


Ouaranteed issues ^ 

Con'aodlty Credit Corporation 

1-1/8^ Fejiruaiy 191*5 

Reconrtructlon Finance Corporation 

i-i/k;« July 19U3 

Ij5 April 191*1* 


1*12 

3?i* 

571 


336 

271* 
1*51* 


30I* 

262 

1+39 


290 

251* 
1*28 


lu 

i 

11 


32 

12 

ll* 


2l* 
U 

5 


8 

8 
9 


31 
6i 


1*5 

1*5 
56 


1.307 


1,06U 


1,006 


973 


33 


58 


33 


26 


98 


1U6 


Total subjeci. 'a '"ederal income taxes... 
IV. Orand total 


37. 591 


26.91*1 


23.117 


20,1*23 


?,69i+ 


3.82U 


3.311 


513 


l*,207 


6,i*U3 


70,750 


'+7.922 


38.571 


3l*,U80 


u.ogi 


9.351 


7.605 


1,71*6 


8.317 


iU,5io 



(Continued on following page) 



57 



Summary Data from Treasury Survey of Oimershlp of Securities 

Issued or Guaranteed by the United States, November 30, 1042 - (Continued) 

Table IT.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART B - PERCENTA&E DISTRIBUTION BY GROUPS OF INVESTORS 



I«nia, el«aslfl«d \if 
t«z-«zaaptlan prorlilOB 



*holly BMmpt from fBdaral IneoaiB taxes j/ 
Treasury notes 

l-'i/H Deeemlier 191*2 

I-I/85I June 19U3 

li September 19U3 

l-l/Sjt December 191*3 

li March 19UI* 

3/'tjt June 191*1* 

1% September 191*1* 

3A)t March 191*5 

Total Treasury notes 

Bonds 

Postal saTlnge 

Panama Canal 

Conversion 

Total bonds 

Total lAolly exempt from Federal 

income taxes 



1 1 • Partially exempt from Federal In come 

taxes 1*/ ' 

Treasury bonds 

3-3/8^ June 191*3-1*7 

3-l/l*)f October 19U3-U5 

3-l/l*5t April 19l*lt-l*6 

U56 December I9l*l*_5l* 

2-3/'*?' September 191*5-1*7 

2-l/2){ December 191*5 , 

3-3/'»5f March 19U6-56 

3^ June 191*6-1*8 , 

3-l/8!{ June 191*6-1*9 

l*-l/U^ October 191*7-52 

2% December 191*7 

2-3/'t?8 March 191*8-51 

2-1/258 September 19U8 

258 December 19U8-5O 

3-1/858 December 191*9-52 

2-1/258 December 19U9.53 

2-1/258 September 1950-52 

2-3/1*56 June 1951-51+ 

358 September 1951-55 

2-1/1+58 December 1951-53 

2% June 1953-55 

2-1/U58 June 195'J-56 

2-7/8)8 March 1955-60 

2-3/1*58 September I956-59 

2-3/'+58 June 1958-63 

2-3/1*58 December 196O-65 

Total Treasury bonds 



Total 

■Boont 

out- 

standlnjc 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



Pabllo marketable Interest-bearing seonrltles 1/ 



Total 
7.005 
insti- 
tutions 



100.0 



100.0 
100.0 
100.0 



100.0 



100.0 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



100.0 



1*6.7 
31-3 
47.0 

27.1 
1*9.1* 
50.1 

12.8 

1*7.2 



Held by basics and insuranoe ooapaalas 
oorered In Treasury sorTsy 



6.21*8 banks 



Total 



39.7 



9.7 
1-3 

.8 



6.3 



38.0 



1*2.5 
28.8 
1*1*. g 

20.8 
"+7.7 
1*8.3 

12.6 
1+2.3 



5.758 

eommer- 

elal 

banks 



36.6 



9.2 

1.0 

.6 



=■ — 
35-0 



39.3 
27.1* 
1*1*. 

20.0 
'+7.I 
1*7.8 

12.1 
1*1.9 

35-7 



l*9C 
natoal 
sarlo^ 
banks 



3-2 

1.1* 

.8 

.8 

.6 
• 5 

.5 



757 Insurance companies 



Total 



9.1 

1.0 

.6 



5.8 



57.0 
53-7 
58.6 

62.1 
6^.1 
7U.9 

65.0 
61.6 
59.1* 

5l*.0 
81*. 5 
76.8 

81.6 

81.8 
79.6 

70.2 
76.9 
73-8 

1*1 1* 

73-9 
86.1 

78.8 

1*1*. 7 
63.1* 

71.0 



66.0 



t3.1 
'♦1.7 
1*3.2 

1*7.6 
1*6.1 
60.7 

"+3.5 
1*3.8 
1*2.1 

36.3 
7'».l 
57.1 

6U.U 
71.9 
51.8 

56.9 
61.1 
1*7.6 

30.1* 
67.9 
82.5 

58.9 
22.6 
36.7 

29.1* 
26.3 



1*6.6 



3't.l 



33-0 
37.2 
39.0 

'tl.7 
i+lO 
56.6 

37.9 
38.2 
35-7 

29.1 

72.2 

51.5 

61.9 
70. s 
1*2.3 

52.2 
55-0 
1*0.3 

23-1 
65.3 

81.0 

57.2 

18.0 
32.1 

2U.7 
23.7 



l*.l 
2.U 
2.2 

6.2 

1.6 

1.8 
.2 

i*.9 



199 

life 
insurance 
companies 



3-1 



1.2 

1.] 

5.0 
.1* 
.6 



558 
fire, 
casualty, 
and marine 
Insurance 
oonpanlas 



2.6 
1-5 



1*1.8 



10.1 
1*.6 
1*.2 

5.9 

U.8 
U.l 

5.6 

5.7 
6.U 

7.2 
1.9 
5.5 

2.5 
1.1 
9.6 

'+.7 
6.1 
7.3 

7.3 
2.7 
1-5 

1.7 
i*.6 
i*.6 

U.6 
2.6 



i*.e 



(Continued on following page) 



3.0 



13-9 
12.0 

15.1+ 

li+.S 
17.0 
1U.2 

21.1* 
17-7 
17.3 

17-7 
10.1* 
19-7 

17.2 

9-9 

27.8 

13.3 
15.8 
26.2 

12.0 

5-9 
3-6 

20.0 

22.1 

26.7 

U5.6 

1*1*. 6 



19.3 



l.U 



10.7 
8.1* 

11.8 

10.9 

13.5 

8.1 

18.8 

IU.8 
lU.2 

10.2 

6.6 

16.6 

6.1 

20.0 
10.1 

11.6 
22.3 

8.8 

3-9 
.7 

li*.9 
17-9 

20.2 

37.1 

36.2 



15-0 



2.9 

2.0 
1.0 

1-3 
1.2 

1.2 

.2 

2.3 



Held by 

D. S. 

Sorernment 

agencies 

and trust 

funds, and 

Tsderal 

Be serve 

Banks 1/ 



1.6 



1-5 



3-2 

3.6 
3.6 

3.7 

6.1 

2.7 
2.9 
3-1 

7.6 
3.8 
3-1 

2.9 
3.8 
7.8 

1:1 

3-9 

3-2 
2.0 
2.9 

5.0 

1*.2 
6.5 

8.6 

8.U 



»+.3 



13.3 

18.5 
11.8 

12.1 
20.8 
17.3 

20.9 
12.0 



Held by 

all 

othar 

investors 



15.9 



28.3 



17.0 



16.0 



12.6 
12.0 
12.0 

10.6 

13.3 

7.8 

13.3 
19.9 
10.1* 

11.2 

1.8 

12-5 

6.0 

9.3 

8.2 

15.2 
12.8 
12.5 

IU.6 

lU.l* 

5-2 

7.5 
16.7 

18. 7 



1:1 



12.1* 



llO.O 
50.3 
UI.3 

60. 8 
29.8 
32.6 

66.3 
1*0.8 



1*1*. 1* 



61.8 
98.7 
99.2 



76.8 
1*6.1 



30.1* 

3"+. 3 
29. U 

27.3 
23-7 
17.3 

21.8 
I8.5 
30.2 

3!*. 8 
13-7 
10.7 

12.1* 

8.9 

12.1 

IU.6 
10.3 
I3..7 

1*3.0 

11-7 

8.7 

13.6 
38.6 
17.9 

15.1 
19.6 



21.7 



11 



58 

Summary Data from Treasury Survey of Omershlp of Securities 
Issued or Guaranteed by the United States, November 30, 1042 - (Continued) 



Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 






PART B - PERCENTAaE DISTRIBUTION 


BY aROUPS OF 


INVESTORS- ( Continued) 








Public marketable interest-bearing securities 1/ 


Issue, classified liy 
tax-exemption provision 


Total 
amount 
out- 
standing 


Held by banks and insurance companies 
covered in Treasury survey 


Held by 

tJ. S. 

Government 

agencies 

and trust 

funds, and 

Federal 

Reserve 

Banks 2/ 


Held by 

all 

other 

investors 


Total 
7.005 
insti- 
tutions 


6,2l4S banks J^ 


757 insurance companies | 


Total 


5.758 
commer- 
cial 
banks 


U90 

mutual 

savings 

banks 


Total 


199 

life 
insurance 
companies 


558 
fire, 
casual ty, 
and marine 
Insurance 
companies 


II. Partially ejtenpt from Federal income 


100.0 

100.0 
100.0 

100.0 

100.0 
100.0 

.100.0 


83.9 

67.6 
6H.7 

93-3 

50.7 
91. U 

86.5 


82.0 

37-7 
51.1 

36.5 

U1.2 
85. U 

8U.6 


81. U 

33-5 

36.6 
8it.U 

8U.0 


.6 

lU.U 
2.7 

3.0 

U.6 
1.1 

.6 


1.9 

30.0 
13-5 

56.7 

9.U 
5-9 

2.0 


.8 

28.5 
12.2 

56.U 

8.5 
5.0 

.1* 


1.1 

1.5 
1-3 

.U 

.Q 
.9 

1-5 


2.3 

10.7 

5.9 

17.9 
.3 

.1* 


16.1 

30.1 
2U.7 

,9 

31-5 
8.3 

13-1 


taxes V (continued) 
Ouaranteed Issues ^ 

Commodity Credit Corporation 

3/U!6 May 19't3 • 

Federal Farm Mortgage Corporation 


3^ May 19I4U-U9 

Federal Houalng Administration 


Home Owners' Loan Corporation 

741 Mov TQUU-R? 


i-l/2?fJune 19't5-^7 

tJnlted States Housing Authority 

l-3/85t February ig"* 

Total guaranteed issues 


100.0 


71.0 


61.3 


58.U 


2.9 


9.7 


8.6 


1.1 


8.1 


20.9 


Total partially exempt from Federal 
Income taxes 


100.0 


66. U 


U8.1 


U3.U 


U.6 


18.1 


lU.U 


U.O 


11.9 


21.6 


III. Subject to Federal income taxes 


100.0 

100.0 
100.0 
100.0 
100.0 
100.0 


75.6 

60.0 
70.0 
71.2 
71-2 


73-9 

69.8 
69.6 


73-7 

56.5 
67.7 
68.3 
67.it 


.7 

1.0 
1.0 
1.5 

2.2 


1.6 

2.5 

1.6 


1-3 
1.1 

.2 


.3 

l.U 

1.1 

1.1 

1.2 


6.8 

100.0 

20.0 

8.^ 

9-3 

9.3 


17-7 

20.0 
21.7 
19.5 
19.5 




Certificates of indebtedness 

l/U^ December 19U2 

5/856 February 19'*3 

.6555 May 19't3 

7/8;C August 19U3 

7/85S November 19't3 

Total certificates of indebtedness... 
Treasury notes 

tl\l4, Morrh 1 QU7 


100.0 


6U.3 


62.7 


61.3 


l.U 


1.6 


.u 


1.1 


16.8 


18. 9 


100.0 
100.0 
100.0 
100.0 
100.0 
100.0 


22.1 
81.8 
70.1* 
8H.3 
80.8 
73.8 


21.6 

76.9 
68.3 

78.7 
73.8 
72.3 


19.1 
7U.0 
66.2 
75.3 
70.8 
69.9 


2-5 
2.9 
2.1 

3-^ 

2-9 
2. It 


•5 

i*.9 

2.1 

5.6 
7.0 

1.6 


.2 

3.3 
1.2 

.7 


•3 
1.5 

.8 
1.8 
2.2 

.9 


59.5 

2.1* 
15.2 

3-3 

U.8 

16.3 


18.1* 
15.8 
ll*.U 
12.lt 
1U.5 
9.9 


3/1*56 September 19UU 

I-I/U56 March I9U5 

7/li4[ ■n«/»«m'hpr 1 qUs 


156 March 191^6 

1-1/25^ December 19^ 

Total Treasury notes 


100.0 


7U.6 


71-9 


69.1* 


2-5 


2-7 


1.6 


1.1 


13.2 


12.2 


Treasury bonds 


lOC.O 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 


7U.5 
79.0 
82.9 
73.8 

73-0 
66.2 
65.2 
76.2 
70.7 
71.6 
60.9 


59.8 
69.0 
76.8 
66.3 
65.8 
61.9 
52.5 
61.8 
U2.1» 

9-1 

37.5 


1*5.2 

58.5 

58.3 
51*. i* 
21.7 

37.0 
16.7 

2U.8 


"ii*.6 

10.9 

12.5 

7-9 

7.5 

7.6 

30.8 

2U.8 

25-7 

9.1 

12.7 


i'*.7 

10.0 

6.0 

7.U 

7-2 

"•? 
12.6 

lU.U 

28.2 

62.6 

23.1* 


13-5 
8.3 
U.5 

6.2 

6.U 

if.l 
12.7 
26.6 
58.3 
21.0 


1.2 
1.7 
1-5 
1.2 
.8 
1-7 
1.0 
1.7 

1.6 

U.7 
2.ii 


12.5 

13.6 

5.0 

7-1 

9.0 

16.0 

8.3 

8.5 

12.5 


13.0 
7.5 
12.2 
19.2 
18.0 
17.8 
22.2 

15.2 
21.0 
19.8 
26.6 


0<£ Tiina 1 QUQ— Rl 


*>rf QAi-it-«mVi«T* 1 QliQ-'il 




2i March 1950-52 

2^ December 1951-55 

2-1/2^ March 1952-5^ 

O 1 I\l4. Tiin«» 1 QRP-RR 






2-1/256 September 1967-72 

Total Treasury bonds 


100.0 


71.6 


51.5 


37.3 


lU.2 


20.1 


18.2 


1.9 


9.8 


18.6 


OuarantePd issues ^ 

Commodity Credit Corporation 

1-1/856 February 19H5 

Beconstruction Finance Corporation 

1-1/856 July ig**? 

156 April \3m 

Total guaranteed issues 


100.0 

100.0 
100.0 


81. 7 

8I4.5 
79.'* 


73.9 

80.8 
76.9 


70.5 

78.1* 
7'+.9 


3-'* 

2.3 
2.0 


7.8 

3-7 
2.5 


5.8 

1.1 
•9 


2.0 

2.6 

1.6 


7.5 

1.6 
10.9 


10.8 

lU.o 

9.8 


100.0 


81. U 


76.9 


7U.U 


2.5 


i*.5 


2.5 


2.0 


7.5 


u.l 


Total subject to Federal income taxes.. 
IV. Grand total 


100.0 


71.7 


61.5 


5'».3 


7-2 


10.2 


8.8 


1.1* 


11.2 


17.1 


100.0 


67.7 


51*. 5 


1*8.7 


5.8 


13.2 


10.7 


2.5 


11.8 


20.5 


1 — — 








t.itlnnt 


lll-?78 m 


111 innii 


• f-?i t»T 


series note 


s: commerc 


Lai banks. 



Figures are rounded to the nearest million or the nearest 
one-tenth of one percent and will not necessarily add to 
totals. 

• Less than $500,000 or leas than .05%. 

1/ Public marketable interest-bearing securities include all 
interest-bearing securities outstanding except (l) special 
Issues to Oovemraent agencies and trust funds, (2) adjusted 
service bonds, (3) depositary bonds, (It) United States sav- 
ings bonds, (5) tax series notes and (6) Commodity Credit 
Corporation demand obligations. Such obligations were held 
by institutions reporting, as follows: (l) depositary bonds 
commercial banks, $93 millions; (2) United States savings 
bonds; commercial banks, $180 millions; mutual savings banks 
$66 millions; insurance companies, $93 millions; all Insti- 



5/ 



$51* millions; mutual savings banks, $U millions; insuranc* 
companies, $29 millions; all institutions, $87 nillions; (U) Com- 
modity Credit Corporation demand obligations! holdings of these 
obligations are not reported. 
Excludes Exchange Stabilliatlon Fond. 

Securities the income from which is exempt from the normal rates 
and the surtax rates of the Federal income tax. 
Securities the income from lAlch is exempt from the normal rates 
of the Federal income tax. (In the case of partially tax-exempt 
Treasury bonds, interest derived from $5,000 of principal amount 
owned by any single holder is also exempt from the surtax rates 
of the Federel Income tax. ) 
Excludes obligations sold directly to the Treasury. 



.<•■ 



> 



PRICES AND YIELDS OF GOVERNMENT SECURITIES 
(Including securities issued by Federal agencies) 



-59- 



Mi^ 



60 

Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
December 31, 1942 



Table I.- Securities Issued by the United States Government 

PART A - BONDS 1/ 



I 



Anount 
out- 
stand- 
ing 
(Mil- 
lions) 



$ U5it 
l.liOl 

1.519 
1.037 

51+1 

1,036 
8I9 

759 

701 

1,115 



Description 



1.223 
3.061 

U5I 


2-3/H 
T 1-3/1* 

2-1/2 


571 
l.OlU 


2 

T 2 


1.292 


T 2 



2,098 

U91 

1.786 

1.963 

1.186 

1,627 
755 

1,118 
510 

l,02l* 

1,501 

725 

681 
2, 611 
1,1*49 

982 

919 

1.485 

2,118 
2.827 
2.716 



Treaeiiry bonde 
3-3/8St- 6/15/1*3-1*7 
3-1/1* -10/15/1*3-1*5 
3.1/1^ _ u/i5/i*i*-i*6 

U -12/15/1*1*-51» 
2-3/1* - 9/l5/'*5-**7 
2-1/2 -12/15/1*5 

3-3/'* - 3/i5/'^56 
3 - 6/15/1*6-1*8 
3-1/8 - 6/i5/U6-it9 

i*-i/i* -10/15/1*7-52 
2 -12/15/1*7 
2 - 3/i5/'t«-50 

- 3/i5/'*8-5i 

- 6/15/1*8 

- 9/i5/'« 
-12/15/1*8-50 

- 6/15/1*9-51 

- 9/l5/'^-5l 

2 -12/15/1*9-51 
3-1/8 -12/15/1*9-52 
2-1/2 -12/15/1*9-53 

2 - 3/15/50-52 
2-1/2 - 9/15/50-52 

2-3/1* - 6/15/51-5'* 

3 - 9/15/51-55 

2-1/1* -12/15/51-53 
2 -12/15/51-55 



Price data 
(Decimals are thirty-seconds) 



Ask 



2-1/2 
2-1/1* 
2 



3/15/52-5I* 
6/15/52-55 
6/15/53-55 



2-1/1* . 6/i5/5i*-56 
2-7/8 - 3/15/ 55-60 U/ 

2-1/2 - 3/15/56-585/ 

2-3/'* - 9/15/56-59!*/ 
2-3/1* - 6/15/58-63!*/ 
2-3/1* -12/15/60-651*/ 

2-1/2 - 6/15/62-676/ 
2-1/2 -12/15/63-686/ 
2-1/2 - 9/15/67-725/ 

Other bonds 
351 ConTerBlon-l/l/l*6 
3 Converelon-l/l/l*7 
3 Panama -6/1/6I 



101.09 
102.00 
103.06 

106. Ol* 

10l*.2l* 
IOU.13 

108. 16 
106.20 
107.00 

113.28 
103.29 
101.06 

107.05 
100.06 
106.13 

103.19 
100.19 

100.15 

100.13 
110.10 

105.29 

100.09 
106.09 
107.29 

110.00 
10l*.18 
100.06 

103.19 
101.07 

103. Ol* 

10l*.22 
109.01 



101.10 
102.01 
103.07 

106.06 
10l*.26 

ioi*.i5 

108.18 
106.22 
107.02 

113.30 
103.31 
101.08 

107.07 
100.08 
106.15 

103.21 
100.21 
100.17 

100. 15 

110.12 
105.31 

100.11 
106.11 
107.31 

110.02 
IOU.20 
100.08 

103 .21 
101.09 
103.06 

IOU.21* 
109 .03 



103. OU 103.06 



108. 09 
108.11 
108. 30 

100.05 
100. ll* 
100.23 



107.00 
108.21* 
127.00 



Change 
In 

mean 

from 
Nov. 30, 

191*2 



108.11 
108.13 
109.00 

100.08 
100.16 
100.25 

107.16 
109. 08 
128.28 



101.10 
102.00 
103.06 

106.05 
10l*.25 
10l*.ll» 

108.17 
106.21 
107.01 

113.29 
103.30 
101.07 

107.06 
100.07 

106. lU 
103.20 

100.20 
100.16 

100. ll* 
110.11 
105.30 

100.10 

106.10 
107.30 

110.01 

ioi*.i9 
100.07 

103.20 

101.08 
103.05 

10l*.23 

109.02 
103.05 

108.10 
108.12 
108. 31 

100.06 
100.15 
100.21* 



Tleld data 



Yield 
i/ 



Change 

In 
yield 

from 
Nov. 30, 

191*2 



-.08 
-.10 
-.08 

-.05 
-.01* 
-.02 

-.03 
.00 
.00 

-.11 

+ .03 

.00 

-.01 

-.06 

-.06 
+.07 
+.06 

+.07 

.00 
.00 

+.06 

.00 
.00 

.00 
+ .02 

+.06 

+.07 

+.01* 

+ .02 

-.01 

.00 

+ .13 

+ .01 

.00 
.00 

+.03 
+.09 



107. 08 
109.00 
127.30 



-.08 

-.08 

.00 



Matu- 
rity 
yield 



.l*2if 

.67 

.71* 

.80 
.95 
.97 

1.03 
1.03 
1.0!+ 

I.2I* 
1.18 
1.75 

1.31 
1.71 
1.32 

1.36 
1.90 
1.92 

1.93 
1.55 
1.59 

1-95 
1.62 

1.71* 

1.75 
1.69 
1.97 

2.07 
2.10 
1.67 

1.79 
2.03 

2.22 

2.05 
2.11 
2.15 

2.1*9 
2.1*7 
2.1*6 



•56 

.71 
1.29 



-.ci*5f 

+.09 

+.01 

-.07 
-.01 
-.02 

-.01* 
-.05 
-.05 

+ .01 

-.03 

-.01 
-.02 

+ .01 

+ .02 
-.03 
-.03 

-.01* 
-.02 
-.01 

-.03 
-.01 
-.01 

-.01 
-.02 
-.03 

-.02 
-.02 
-.01 

.00 
-.01 
-.OU 

-.01 
.00 
.00 

.00 
-.01 



+.01 
+.01 
-.01 



Date 
of 
Issue 



T I&zahle Issuai. 

1/ Ixcludes postal taTloge bonds. 

2/ Prices represent the mean of closing bid and ask quotations In the 
OTer-the-counter market, except that Treasury bond prices for the 
period prior to October 1, 1939 represent closing prices on the 
He« York Stock Exchange. "When Issued" prices are Included beginning 
October 1, 1939. Dates of hl^is and lows, in case of recurrence, are 
the latest dates. 



3-06^ 
2.50 

2.2l* 

3-37 
1.69 
•97 
2.96 
1.71 
1.96 

2.63 
1.18 
1.82 

1.80 
1.71 
1.32 

1.51 
1.92 
I.9I* 

1.95 
1-97 
1.90 

1.96 
1.79 
1-97 

2.10 

1.79 
1.98 

2.13 
2.11* 
1.72 

1.85 
2.2I* 
2.25 

2.15 
2.2I* 
2.25 

2.1+9 
2.1*8 
2.1*6 



.56 

.71 

1.29 



Price range 

since first traded 2/ 

(Eeelmals are thirty-seconds) 



High 



Price 



Date 



Low 



6/15/27 

10/15/33 

i*/i6/3i* 

12/15/2I* 

9/16/35 

12/15/37 

3/15/26 
6/15/31* 
6/15/31 

10/16/22 

12/15/38 

3/15/1*1 

3/16/36 
12/1/1*2 
3/15/38 

12/8/39 
1/15/1*2 
5/15/1*2 

7/15/1*2 
12/15/3'* 
12/15/36 

10/19/1*2 
9/15/38 
6/15/36 

9/15/31 
12/22/39 
12/15/1+1 

3/3i/'*l 
2/25/1*2 
10/7/1*0 

7/22/1*0 

3/15/35 

6/2/1*1 

9/15/36 

6/15/38 

12/15/38 

5/5/'*2 
12/1/1+2 

10/20/1*1 



1/1/16 
1/1/17 

6/1/11 



lll.ll* 
111.07 
111.26 

116.19 

110.12 

109.21* 
Il5.li* 

112.28 
113.19 

122.22 

107. PO 
101*. 05 

111.18 
100.07 
111.01 

107.00 
101.11 
100.21* 

100. ll* 

115. Ol* 

108.28 

100.10 
108. 30 
110.26 

113.21* 
107.01 
101.16 

106.16 
101.25 
105. ll* 

107.08 
112.16 
105. 08 



Price 



6/5/39 
6/5/39 
6/7/39 

6/22/39 

12/12/1+0 
12/ll*/l+0 

12/14/1*0 
12/16/UO 
12/14/1*0 

12/14/40 

12/12/40 

8/2/41 

12/12/40 
12/31/42 
12/12/40 

12/12/40 
4/15/42 
6/20/42 

12/31/42 
12/12/40 
12/10/40 

12/31/42 
12/10/40 
11/12/41 

12/30/40 
11/22/41 

12/5/41 

8/2/41 

4/4/42 

11/22/41 

11/12/41 
11/1/41 
ll/5/'*l 



Date 



111.31 10/29/41 
112.04 11/1/41 
112.24 11/1/41 



100.22 
100.15 
103.15 



•115.00 
128.16 



87.20 

97.29 
99.30 

94.06 
99.27 
101.31 

89. 18 
97.28 
83.05 

98.18 

99.14 
100.22 

99.10 
100.01 
100.30 

101.10 

100.06 

100.04 

100.03 

101.07 

96.19 

100.01 

99-15 
98.16 

82.08 
101.08 
100.01 

101.04 
100.16 
101.19 

102.02 
98.30 
101.30 

98.10 
99.15 

99.14 



1942 price range 2/ 
(Decimals are thirty- seconds) 



High 



10/22/42 

12/31/42 

11/5/41 



1935 
4/28/42 



100.00 
100.01 
100.01 



1/11/32 
1/10/31* 
9/17/3'* 

1/11/32 
9/17/35 

12/15/37 

1/12/32 
9/17/31* 
1/11/32 

10/8/23 

9/25/39 
2/25/41 

'*/l/37 

12/23/42 
4/2/38 

5/24/40 

8/5/42 

10/6/42 

8/5/42 

12/15/34 

4/8/37 
11/2/42 

9/25/39 
Vl/37 

1/11/32 
5/24/40 
12/5/42 

3/20/41 

2/18/42 

2/15/41 

7/24/40 
9/20/35 

12/26/41 

'+/1/37 
9/25/39 
9/25/39 

8/17/42 

12/24/42 

1/2/42 



75.00 
75.00 



1920 
6/18/21 



104.01 
104.20 
105.20 

108.29 
106.13 
105.30 

110.16 
108.04 
108. 17 

116.01 
105.01 
102.01 

108. 06 
100.07 
107.17 

105.01 
101.11 
100.24 

100.14 
110.31 
106.25 

100.10 

107.03 
109.00 

111.01 
105. 18 
100.28 

104.12 
101.25 

io4.o4 

105.20 
110.19 
103.16 

109.30 
110.05 
110.19 

100.22 
100.15 
101.15 



(108. 30 
[110.14 
128.16 



Low 



1/22 
1/22 
1/22 

1/14 
1/21 
3/25 

1/14 
1/28 
1/14 

1/5 
3/23 
3/23 

3/23 

12/31 

3/23 

3/24 
'*/i5 
6/20 

12/31 
3/24 
3/2'* 

12/31 
6/15 
5/25 

5/25 
5/25 
1/28 

4/6 
4/4 
5/29 

6/17 

6/17 

4/4 

6/9 

6/3 

6/17 

10/22 

12/31 

4/6 



2/11 
2/11 

4/28 



101.10 
102.00 
103.06 

106.05 

104.25 
104.l4 

108. 17 
106.21 
107.01 

113.29 
103.27 
100.31 

106.16 
100.01 

105.31 

103. 18 
100.06 
100.04 

100.03 
109.06 
104.28 

100.01 
105.02 
106.28 

108.28 
103.10 
100.01 

102.28 
100.16 
102.00 

103.10 
108.00 
102.00 

107.12 

107.15 
108.04 

100.00 
100.01 
100.01 



107.08 
109.00 
124.08 



12/31 

12/31 

12/31 

12/31 

12/31 
12/31 

12/31 

12/31 
12/31 

12/31 

12/19 

5/1* 

2/13 

12/23 

2/13 

2/18 
8/5 

10/6 

8/5 
2/18 
2/18 

11/2 
2/I8 
2/18 

2/18 
2/18 
12/5 

2/13 
2/18 
2/18 

2/18 
2/18 
2/17 

2/18 
2/18 
2/18 

8/17 

12/24 

1/2 



12/31 

12/31 

1/15 



2/ Computed on mean price to call date when prices are abore par; to 

maturity date when prices are below par. 
4/ Included in long-term average of partially tax-exempt Treasury bonds 

shown later In this chapter. 
5/ Included in long-term average of taxable Treasury bonds shown later 

in this chapter. 
6/ Security is not transferable to commercial banks before designated 

dates In I952. 



6i 

Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
December 31, 1042 - (Continued) 

Table I.- Securities Issued by the United States Government - (Continued) 



PART B - TREASURE NOTES 



munt 
out- 
tand- 
Ing 
Dil- 
lons) 



66 
629 

279 

Ua 

515 
Ui6 

283 

L,606 

531 

503 

S.261 



Description 



T }/ki D 

1-l/g A 

1 C 

1-1/8 B . 

1 B ' 

sA A. 

1 c • 

1 i/k D . 

3/'* A. 

T 1-1/U C ■ 



3A B 
1 A 

1-1/2 B 



3/l5/>3 
6/15/113 

9/15/1*3 

l2/l5/>*3 

3/l5/l*i+ 

6/15/itii 
9/15/1* 

g/is/i*!* 

3/l5/'*5 
3/l5/'*5 

12/15/1+5 

3/15/1*6 

12/15/1*6 



Price data 
(Declmale are thlrty-Beconds) 



Bid 



100.01 
100.10 
100. Ill 
100.23 
100.22 

100.12 
100.27 
99.20 
100.15 
100.03 

98.30 

99.02 

100.00 



100.03 
100.12 
100.16 
100.25 
100.24 

100. Ill 
100.29 
99.22 
100.17 
100.05 

99.00 

99. Oil 

100.02 



Mean 



100.02 
100.11 
100.15 
100.24 
100.23 

100.13 
100.28 

99.21 
100.16 
100. oU 

98.31 

99.03 

100.01 



Change 

In 
mean 
from 

H0V.30 
19112 



-.01 
-.02 
-.02 
-.Oil 
-.01 

.00 
-.02 

.00 
+ .01 
+ .02 

-.02 

-.01 

.00 



Tleld date 



Yield 



.l*35t 

•35 

.32 

■M 

.'*7 

.1|8 

.96 

•52 

1.19 

1.11 

1.29 
i.iig 



Change 

In 
yield 

from 
II0V.30, 

191*2 



+.0156 
-.02 
.00 
+.05 
-.02 

-.01 
+ .01 
+ .02 
-.02 
-.03 

+.03 

+ .02 

.00 



13ate 

of 

Issue 



Price range 
since first traded 1/ 
(Decimals are thirty-seconds) 



3/l5/'*l 
6/15/38 
6/15/110 

12/15/38 

11/1/39 
6/15/39 

3/15/1*0 
9/25/1*2 

12/18/Uo 

ll/l/lll 

6/5/1*2 



High 



Price 



Date 



101. OU 
103.00 
102.15 
103.08 
102.15 

101.15 
102.16 
100.21 

101.16 
100. oil 

100.18 
100.18 
100.15 



7/25/1+1 

i*/3/i*o 
11/8/1IO 

l|/2/l*0 
11/9/1*0 

9/27/1*1 

12/9/I10 

9/10/I11 

8/6/Ui 

12/3l/l|2 

9/9/1*1 
lO/25/lll 

5/29/1*2 



Price 



100.02 

99.01* 
100. Ill 

98. 30 
100.13 

97.16 

100.10 

99.11 

98.26 

100.00 

98.28 

99.02 

100.01 



Date 



AfflOUAt 
OUt- 

itandlng 
lllllons) 



»1.588 
1.506 
1.609 
2.035 
3.795 



llOO 
iioo 
505 
505 



Description 
(Issue dates In parentheses) 



Certificates of Indettednesa 
T 5/8^ A - 2/1/1*3 (6/25/112) 
T .65 - 5/1/I13 (9/21/42) 
T 7/8 B - g/l/U3 (g/l5/ll2) 
T 7/8 D - II/I/I13 (11/2/112) 
T 7/8 E - I2/I/U3 (12/1/112) 



Treasury bills 

1/6/I13 ( 10/7/1*2) 

1/13/1*3 (lO/lU/112) 

1/20/113 (10/21/112) 

1/27/1*3 (10/28/112) 



PART C - OERTIPICATcS OF INDEBTEDNESS AND TREASURY BILLS 



12/3l/l|2 

9/6/39 

12/22/112 

9/6/39 
6/10/1IO 

12/10/1I1 
6/10/1IO 

10/30/!l2 

10/6/1I2 

12/29/112 
I2/31/I12 I 



191*2 price range 1/ 
(Declmale are thirty-seconds) 



High 



Price Date 



100. Ill 
101.13 
101.12 
101.23 
101.18 

100.31 
101.22 
100.01 
101.00 
100. Oil 

99-28 

100.00 
100.15 



Low 



3/12 
1/28 
1/28 
1/28 
1/28 

1/28 

i/as 

3/1* 

3/27 

12/31 

1/28 
1/28 

5/29 



Price Date 



100.02 
100.11 
100. Ill 
100.23 
100.23 

100.12 
100.28 
99-15 
100.12 
100.00 

98.28 

99.02 

100.01 



12/31 
12/31 
12/22 
12/29 
12/31 

12/29 
12/31 
8/2l| 
11/13 
10/30 

10/6 
12/29 
12/31 



Bid 



.11056 
• 53 
.69 

.80 
.8l| 



• 37 

• 37 
•37 
■ 37 



Tleld or discount 2/ 



.50 
.66 
.77 

.82 



.20 
.20 
• 30 
.30 



Mean 



• 52 
.68 

• 78 
.83 



.28 
.28 
•31* 
.31* 



Change In 
mean from 
Sov. 30, 191*2 



.02% 
.02 
.00 
.01 



-.01* 
-.04 
+ .02 
+ .02 



Amount 
out- 
standing 
(Millions) 



$500 
501 
502 
501 



503 
505 
601 
601 
603 



Description 
(Issue daten in parentheses) 



Treasury bills (continued) 

T 2/3/113 ( 11/I1/I12) 

T 2/IO/I13 (11/12/112) 
T 2/17/I13 (n/l8/l|2) 
T 2/2l|/l|3 (II/25/I12) 



3/3/1*3 ( 12/2/112) 

3/IO/U3 ( 12/9/112) 

3/17/1*3 (I2/16/I12) 

3/2l*/l*3 (12/23/112) 

3/31/1*3 (12/30/112) 



Yield or discount 2/ 



• 37iS 
•37 
•37 

• 37 



• 37 
.37 
.37 
.37 
•37 



Ask 



• 33S6 
.33 
.33 
•33 



■ 33 
• 33 
.33 
•33 
■35 



Mean 



.3555 

■ 35 

■ 35 
■35 



.35 
•35 
• 35 

■ 36 



Change In 

mean from 

Not. 30,19112 



-.0156 
-.01 
-.01 
-.01 



Table II.- Securities Issued by Federal Agencies and Guaranteed by the United Statesi/ 



Ik 



Description 



Commodity Credit Corp . 



3/1*^ P- 5/1/1*3 
T 1-1/8 G- 2/15/I15 

Pedera l Farm MTO. Corp. 



5-l/ki - 3/15/UU-6I1 
3 - 5/15/I1I1-I19 

Home Owiers' Loan Corp 



356 A- 5/1/I1I1-52 
1-1/2 M- 6/i/li5-ii7 

Heconstructlon Jinance 



Corporation 
! 1-1/8)6 V- 7/15/1*3 
' 1 W- 1*/15/1A 

Tedertil Pu blic Housing 
Authorl ty 
1-3/856 B- 2/l/l|l| 



Price data 
(Decimals are thirty-seconds) 



Bid 



100.02 
99.25 

103.01 
103.03 



103.00 
101.06 



100.07 
100.02 



100.21 



Ask 



Mean 



100.04 

99.27 

103.03 
103.05 

103.02 

101.08 



100.09 
100.04 



100.23 



Change 
in 

mean 

from 

Nov. 30, 

191*2 



100.03 
99.26 

103.02 
103. Oil 

103 .01 
101.07 



100.08 
100.03 



100.22 



.00 
.00 



-.02 
+.01 



+.01 
.00 



-.01 



Yield data 



Yield 



1.22 

.67 
■69 

.69 
.99 



.65 
.93 



• 73 



Change 

in 
yield 

from 
Not. 30, 

I9I12 



Matu^ 

rity 

yield 



+.01 

-13 
-.12 

-.11 
-.03 



-.12 
.00 



Taxable Issues. 

Prices represent the mean of closing bid and aak quotations in the 
over-the-counter market except that prices of Pederal Farm Mortgage 
Corporation and Home Owrers' Loan Corporation bonds for the period 
llt°l 1° October 1. 193, represent closing prices on the New York 
Stock Exchange. "When Issued" prices are included beginning 



.03 



ii6;6 

1.22 

3.05 

2.I17 

2.63 

1.22 



.65 

•93 



■ 73 



Date 

of 

Issue 



i 



8/1/110 

7/a/iii 

3/15/31* 
5/15/31* 

5/1/31* 
6/1/39 



4/17/1*1 
7/3/41 



2/1/39 



Price range 
since first traded 1/ 
(Decimals are thirty-seconds) 



High 



Price Date Price Itot 



Low 



101.02 
101.00 



110.07 
109.22 



109. 18 
103.26 



101.05 
100.26 



103.02 



12/14/110 

9/2/41 

6/8/39 
6/5/39 

12/13/40 



100.00 

99.25 

98.02 

95.03 



''-■.II 



96 



9/10/41 100.06 
8/5/41 99.25 



12/14/40 



99.07 



12/10/41 
12/27/41 

9/18/34 
9/12/34 

9/12/34 
9/25/39 



12/27/41 

12/27/41 



9/25/39 



1942 price range 1/ 
(Decimals are thirty-seconds) 



High 



Price Date 



100.18 
100.14 



104.30 
104.28 



104.26 
102.01 



100.27 
100.15 



1/28 
3/5 



Low 



Price Date 



100.03 12/31 
99.26 12/31 



1/28 103.02 
1/28 103.04 



1/28 
1/28 



1/28 
2/25 



101.11 2/7 



103.01 
101.06 



100.07 
99.30 



100.22 



12/31 
12/31 

12/31 
12/14 



12/12 
1/2 



12/31 



October 1, 1939. Dates of highs and lows, in case of recurrence, are 

the latest dates. 

Certificates are quoted on a yield basis; bills on a discount basis. 

Excludes FedereJL Housing Administration debentures. 

Computed on mean price to call date when prices are above par; to 

maturity date when prices are below par. 



62 



Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
December 31, 1942 - (Continued) 

Table III. - securities Issued by Inderal Agencies but not Guaranteed by the United States 

PART A - ISSUES QUOTED ON A PRICE BASIS 



XgUa price n9«« £/ 
(Declnalt ar« thlrty-tecondt) 







W ^J^^ih.^^cl'of a ..curlty 1. .uch .. to r.nlt In a «-«»»1t» 
^ ^"d! thfi"..! Of prlc. o,.r «ro ji.li 1. 8lT« In th. ,1.14 

col;>»n. in t'^^^/-"'"^^,, ^i„i„ Md »d a.k .potation. In th. 
Zj Prlc. r.pr...nt t^ "•» 4« l.^.d- prlc aprinolud.d t.«ln- 

r.no., ar. th. lato.t dat... 



Oomput.d on MU prle. t. oiil dat. »h«n prlo.. ar. a1.0T. pMr; to 

■atnrlty dat. »h.n prlo*. ar. b»low par. . . . ^ ^. 

IroXud.. 1..U.. eoiiipl.t.l3r h«ld Djr Itom Or.dlt Admlnl.tratlon 

SJauI'on 30 day.' notlo. at 100-1/2 on July 3. 19t3. "Tl-ld" U 
oo.put.d to iatnTlty or call, dapondin* on which date glr.. th. 
lo«.r yl.ld. 
lot quoted. 



63 



YIELDS OF TREASURY SECURITIES DEC. 31,1942 

Based on Mean of Closini^ Bid and Asked Quotations ' 




i 



which ore due or callabia in less than 3 months are exiludid exchange offer hos been made or 



Oftlci (rf tki Sierdify of Vi\% TfUiury 



6i^ 



Average Yields of Long-Term Treasury and Corporate Bonds 

(Percent) 



Partially 
tax- 
exempt 
Treaeurjr 
'boMs \] 




Taxable 
Treasury 
bonds 2/ 



Hi^- 

grade 

corporate 

bonds 2/ 



2.30 


- 


2.33 


- 


2.25 


- 


2.25 


- 


2.38 


- 


2.39 


- 


2.28 


- 


2.25 


- 


2.18 


- 


2.10 


- 


1.97 


- 


1.89 


- 


1.99 


- 


2.10 


- 


2.01 


- 


1.96 


- 


1.92 


- 


1.91 


- 


1.90 


- 


1.9'* 


- 


i.g** 


- 


1.88 


2.23 


1.85 


2.22 


1.96 


2.37 


2.01 


2.37 


2.09 


2.39 


2.00 


2.35 


1.98 


2.3»» 


1.97 


2.35 


1-97 


2.33 


2.00 


2.3^ 


2.02 


2.3^ 


2.03 


2.3>* 


2.05 


2.33 


2.06 


2.35 


2.09 


2.3f 



2.05 
2.05 
2. 06 
2.09 



2.09 
2.09 
2.08 
2.08 



2.08 
2.08 



2.70 
2.65 

2.59 
2.57 
2.71 
2.73 
2.76 
2.75 
2.70 
2.66 



:IS 



2. 
2.61 

2.68 
2.76 

2.80 
2.80 

2.77 
2.76 
2.75 
2.7'* 
2.73 
2.73 
2.72 
2.71 
2.72 



2.33 
2.32 
2.35 
2.36 



2.36 
2.36 
2.36 
2.36 



2.70 
2.70 
2.70 

2.72 



2.72 

2.73 

2.71 
2.72 



2.08 


2.36 


2.08 


2.56 


2.08 


2.36 


2,03 


2.36, 


6/ 


^/ 


2.0? 


2.3^ 


2.08 


2.36 


2.08 


2.35 



2.3'* 



2.72 

2.73 
2.71 

2.71 

6/ 
2.7? 

2.72 

2.72 

2.72 
2.72 



. ..»-. fll Treasury bond yields are computed on the basis 

place on the Ixchange In a particular "■"' lichanee 

^losin^ bid and ^^-^^t^^:^ ^'2) TorJ ItrW ^^ -e 

ii^T^'Tz ^st: :r^iK-ples o^the h^ r,^^ 3-. 

l,cL«.and the Hew York Curb Ixchan«ei on day. when « Issue 
do.7?ot .ell. the price of the 1"*,""=^^^ "i^llsg tnd 
Back figures: See "Treasury Bulletin" for July ig"*!. P»«e« 2^ 2". '^ 

1/ Ife'r^r^f U'ttluy tax-exe-pt Treasury bonds neither due no^ 
- tlnt^le foftwelTe years. J"""'"' *""":"?* '^f.' '" 
the interest on which is exe»pt fro. the nor»»^,"**" 



of the 



,«,eral inc,»e tax. (In «>'«i*l'»';/f '"^ '::!;: Trla^u^Ws 
aggregate principal amount of partially tax-exenpt Treasury 



and United States savings bonds issued before March 1. ig^l 
exempt from the surtax rates of the Tederal income tax. ) 
2/ Average of taxable Treasury bonds neither due nor '''■ff^''^", 
- twelve years. The 2-l/2 percent bonds of 1962-6? "\*^« 2-1/2 
^rrdnt^onds of 1963-68. are •"^-^'^.^^''r'hfndrrrrthosr 
on their purchase and negotiability. Taxable bonds are thoso^ 
the interest on which is subject to both the normal and surtax 
rates of the federal income tax. This average commenced 

3/ ^fefa:: o?"9 W.. January 6. 1933 t''"'^'> "'ff ",^',„i'?'av. 
^ averaie of 15 bonds. December 7. 1935 through July 31. 1937. •'< 

Le of 20 bonds, August 1. 1937 through September 13. 1938. 

average of 5 »on4». September lU. 1933 to date. 

SontWy averages of daily figures. Prior to April 1. 1938. 

corporate bonds are averages of Saturday figures^ 

n- ^.„. wh.n the exchanges are closed, the date and prices o 



6/ 



On day. when the exchange, are 
the previous day are used. 
Holiday. 



65 



C7-^ 



•*V"'«J ' 




GOVERNMENT CORPORATIONS AND CREDIT 
AGENCIES OF THE UNITED STATES 



66 



67 



Assets and Liabilities of Government Corporations and Credit Agencies 

November 30, 1942 

(In millions of dollarg) 



Banks for eooperativee 

Conmodlty Credit Corporation 

CieaBter Loan Corporation 

Slectrlc Home and I^m Authority (in 

liquidation) 5/ 

Export-Import Bank of Washington 

ftUTD Credit Administration 



Taim Security Administration 

Federal Crop Insurance Corporation 

federal Deposit Insurance Corporation 6/ 

Federal Farm Mortgage Corporation 

Federal home loan hanks 

Federal Housing Administration 

Federal intermediate credit tanks 

Federal land hanks jj 

Federal national Mortgage Association. . . 
Federal Prison Industries, Incorporated. 

Federal Public Housing Authority 

Federal Savings and Loan Insurance 

Corporation 



Home Owners' Loan Corporation 

Inland Waterways Corporation 6/ 

Interior Department (Indian loans).... 

Panama Railroad Company 6/ 

Production credit corporations 

Puhllc Works g/ 

Puerto Eico Reconstruction Administration 

Reconstruction Finance Corporation 

Regional agricultural credit corporations 

RFC Mortgage Company 

Rural Electrification Administration 

Tennessee Valley Authority 

Tennessee Valley Associated 

Cooperatives, Inc 

United States Maritime Commission 

War corporations 10/ ■ 

War emergency corporations and agencies 
in liq\ildation : 
NaTy Department ( sale of surplus war 

supplies ) 

Secretary of the Treasury 

(U. S. Railroad Administration). . . 
United States Housing Corporation. . . 
United States Spruce Production 

Corporation 

War Shipping Administration 

Other Government agencies 11/ , 

Oross total 



Adjustment to eliminate Interagency 
Interests 



Net total. 



Assets 



Total 



255-1 

1.397-8 

21.4 

8.2 
195.8 
253.2 

511*. u 

646.3 

1.206.U 
30U.2 
111*. 6 

358.4 

2.158.3 

219.1 

15.2 

5W.3 

137.4 

2,144.4 

24.7 

2.7 

68.2 

126.7 

90.1 

22.3 

5.636.2 

23.0 

106.2 

361.5 

602.8 



Loans 



139.9 
214.0 

7.'» 

8.0 
118. 9 

240.5 
'*^7.7 

41.2 

517.9 
121.9 

238.1 
,624.8 
212.7 

372.1 



1.586.7 

.4 

2.7 



90.1 

4.2 

.565.8 
5.0 



92.8 

i45.o 



345 



. -3 -3 

3. '♦32.3 23.6 
4,o4g.o 110.3 



3.2 

.1 
1.9 

.4 

245.7 

4,810.2 



30,143.8 



-8,544.0 



21,599.8 



26.1 



8,158.1 



8,158.1 



Pre- 
ferred 
capital 
stock, 

etc. 



152.4 



1.2 
366.7 



17.5 



539.0 



539.0 



Cash 
1/ 



18. 3 
2.1 



.2 

.4 
8.1 

6.7 
22.9 

13.7 
73.5 
20.4 

18. 7 

46.1 



3.8 
33-1 

2.6 

66.0 

.9 

1.9 

2.4 

3.82/ 
17.7 



181. 7 



562.8 



562.8 



Investments 



0. S. 

Govern- 
ment 

securi- 
ties 



33.8 



Securi- 
ties 

guaran- 
teed 
hy 

United 

States 



524.9 

105.2 
47.2 
44.0 

167.2 



7.2 
28.6 

3-2 



5.0 
12.4 



59-3 



1,038.5 



1.038.5 



Other 



61.0 



2-5 



80. 5 
.8 



99.6 



607.8 



13.3 



184.0 



184.0 



112.0 



8.3 



'*3.3 



845.8 



Accounts 

and other 

receiv- 

ahlee 2/ 



1.6 
65.4 
13.9 



76.4 
.4 

29.3 

32!^ 

50.8 

1.1 

41.8 

3.1 

162.2 

5.1 

2.7 

6.5 



6.7 
5.0 

1.6 



.6 
.4 

2.2 

32.92/ 

.2 
2.1 
8.8 
7.3 



23.2 

464.2 



3.2 

1.3 

.3 

2.9 



1,069.2 



(Continued on following page) 



845.8 1,069.2 



Reel es 
tate and 

other 
business 
property 



.1 
7.6 



.8 
.1 

1-3 
5.5 



6.7 

127.4 



2.6 

18.4 

U7.1 



6.7 

585.5 



38.5 

.8 



151.1 



1,000.8 



1,000.8 



Interagency assets 



Due from 
Govern- 
ment 
corpora- 
tions and 
agencies 



36.1 
5.8 



^■3 

12.2 



5-1 



3.172.6 



7.7 
1.5 



7.9 
.1 



32-9 
4,738.9 



8,075-0 



-8.075.0 



Capital 
stock in 

Govern- 
ment 
corpora- 
tions and 
agencies 

2/ 



100.0 



369.0 



469.0 



-469.0 



other 
assets 



1,108.84/ 
.1 



.1 
4.2 

-5 

20.8 
24.8 

10.5 

« 

4.0 

.1 

46.6 

• 5 

2.0 



231.6 
.1 

.9 
.1 

12.4 

57.4 

4.2 



3,295-8 

3.289.7 



58.8 

27.6 



8,201.7 



8,201.7 



W; 



68 



Assets and Liabilities of Government Corporations and Credit Agencies 
November 30, 1942 - (Continued) 

do nllllons of dollars) 



LlaUlitlee and reaervss 



Total 



LlaMlltlas 



Ooaran- 
teed b7 
Dnltad 
Statai 

(Include! 
accrued 

Interest) 



Hot 
guaran- 
teed by 
United 
States 



Dae to 

QoTermnent 

corporations and 

agencies 



Treasury Other 



Ba- 
serrss 



Szeess of 

assets 

(Total 

proprietary 

interest) 



Proprietary Interest 



Prl- 
rately 
owned 



Owned by United States 12/ 



Capital 
stock 



Surplus 



Hon- 
stodc 



Banks for cooperatives 

CoBOodlty Credit Corporation 

Disaster Loan Corporation 

Electric Home and Term Authority (in 

liquidation) 5/ 

Export-Import Bank of Vashln^on 

Tarm Credit Adainlstratlon 



rtara Security Mmlnistration 

federal Crop Insurance Corporation 

Federal Deposit Insurance Corporation 6/. 

Federal Farm Mortgage Corporation 

Federal home loan banks 

Federal Housing Adolnietration 

Federal intermediate credit banks 

Federal land banke j/ 

Federal National Mortgage Aseociation. . . . 
Federal Prison Industries, Incorporated. . 

Federal Public Housing Authority 

Federal Savings and Loan Insurance 

Corporation 

Rome Owners' Loan Corporation 

Inland Waterways OorjMration 6/ 

Interior Department ( Indian loans) 

Panama Ballroad Company 6/ 

Production credit corporations 

Public Works 8/ 

Puerto Bieo Beconstruction Administration 

Beconstruction Finance Corporation 

Begional agricultural credit corporations 

HFC Mortgage Company 

Biral Electrification Administration 

Tennessee Valley Authority 



-.1 



Tennessee Valley Associated 

Cooperatives, Inc 

United States Maritime Commission 

War corporations 10/ 

Var emergency corporations and agencies 
In liquidation : 
Bavy Department (sale of surplus war 

supplies) 

Secretary of the Treasury 

(U. S. Ballroad Administration) 

United States Housing Corporation.... 
United States Spruce Production 

Corporation 



War Shipping Administration. . . 
Other Government agencies 11/ . 



Cross total. 



Adjustment to eliminate interagency 
Interests. . 



let total. 



56.2 

1.301.5 

.3 

6.7 

.3 

219.3 

216. 

18 

357.0 

1,106.1* 

112.1* 

28.5 

270.6 

1,667.1 

I9U.7 

.5 

Uoi*.3 

1.8 

2,056.8 

•9 

11.0 



■ 5 

5.019.1 

.6 

80.2 

23U.9 

82.2 



l.lwU.U 

3,8Ult.8 



.8 

.1 
99.7 
62.1 



750.7 



18,951.2 



-8,075.0 



10,876.2 



938.5 

21.1* 



111*. 7 



1.556.7 



899.3 



1*,281.3 



1*,281.3 



112.6 
.2 

6.5 
.3 
.5 

18. 9 
18.1* 
11.5 

7.0 

112.1* 

7.0 

270.0 

1,608.1* 

90.6 

• 5 

• 5 

1.8 

26.U 
.6 



9.2 
.1 



359.12/ 
.3 

3.5 

21.0 



1.1*66.2 
1,278.1 



79.5 



5.511.7 



5.511-7 



Source: 



B 



301.1 



78.3 



281.2 



1*28.8 



3.591.9 



56.9 



* 
197.6 

1.6 



1.7 

104.1 



1*3.8 

76.6 
23H.9 



2.559.3 



1*.738.2 



-1*.738.2 



62.1 



3.336.8 



-3.336.8 



1.6 
137.1 



.2 
218.9 

3^5.5 
81.0 

.1 

.6 

57.0 

1.0 



H5.O 
.2 



':l 



•5 

125.0 

.3 



1*.2 



28.2 

7.>* 



20.2 



1.083.2 



198.9 
96.3 
21.1 

1.5 
195.5 

33-9 
297.8 

22.6 

289.3 

100.0 

191.9 
86.1 
87.8 

1*91.1 
2l*.l* 
IV.6 

11*1.9 

135.6 

87-5 
23.8 

2.7 

57.2 

126.3 

90.1 

21.8 

617.1 

22.1* 

26.0 

126.6 

520.5 

.3 

1.937.9 
203.1 



3.2 

.1 

1.1 

.3 

1U6.1 
1*. 71*8.1 



8.2 



139.3 

67.1 



227.9 



190.6 
96.3 
21.1 

1.5 

195-5 

33-9 

297.8 

22.6 

150.0 

100.0 

121*. 7 

86.1 

87.8 

'III 

il*.6 
11*1.9 

135-6 

87-5 

23.8 

2.7 

57.2 

126.3 

90.1 

21.8 

617.1 

22.1* 

26.0 

126.6 
520.5 

.3 

1,937-9 

203.1 



3.2 

.1 
1.1 

.3 

11*6.1 

l*,7Ug.i 



168.5 

100.0 
2l*.0 



175.0 



35-0 
150.0 

100.0 

121*. 7 

60.0 
117.2 

10.0 
1.0 

100.0 

200.0 
12.0 

7.0 
120.0 



325.0 

5-0 
25.0 



186.6 



25.1* 
.1 

17.5 



22.1 
-3.7 
-2.9 

1.5 
20.5 



-12.1* 



27.8 

11*6.1 

ll*.l* 

10.5 

IUO.9 

35.6 

-112.5 
11.8 



50.1 
6.3 



292.12/ 

17.'* 

1.0 



.3 

2.3 



-21*. 3 
.2 



33-9 
297.8 



86.1 



U.i 



2.7 

90.1 
21.8 



126.6 
520.5 



1.937.9 
ll*.2 



3.2 
.1 



11+6.1 
i*.730.5 



11,192.6 



-1*69.0 



1*1*2.5 



1,083.2 10,723.6 



5/ 



Dally Treasury Statements. 
Less than $50,000. 

Excludes unexpended balances of appropriated funds. 
Includes deposits with the Beconstruction Finance Corporation 
and Interest thereon. 
lL:ludes paid-in surplus. 

Hepresents chiefly commodity loans and underlying security taken 
over from lending agencies pursuant to guaranty purchase agree- 
ments. Also includes commodities acquired throu^ direct pur- 
chases from producers and others, as well as interagency transac- 
tions of "lend-lease" funds which figures are not available, and 
which would otherwise be shown under "Due from Oovermnent corpo- 
rations and agencies". 

Under Executive Order 9256 dated October 13, 19l*2, effective 
October 31, 19U2, the assets and liabilities were transferred 
to the Beconstruction Finance Corporation for parposes of 
liquidation and the capital stock cancelled. 



K 



8/ 

H 

10/ 



11/ 
12/ 



10,750.1 



-1*69.0 



2,089.1 



-1*59.8 



61*5.2 



-9.2 



8.015.8 



1*1*2.5 



10,281.1 



1.629.3 



636.1 



8,015.8 



Figures shown are as of October 31, 191*2, the latest available. 
Includes the assets and liabilities of the Federal Land Banks nf 
Louisville and Houston which have retired stock and paid-in sur- 
plus previously held by the Federal Oovernment. 
Consists of loans made by Public Works Administration for 
♦89,755,678.59 and by War Public Works for $32l*,000. 
Adjusted for interagency items and items in trsjxsit. 
Comprises Cargoes, Inc., Defense Homes Corporation, Defense Plant 
Corporation, Dsfense Supplies Corporation, Institute of Inter-American 
Affairs, Inter -American Havigatlon Corf'-Fition, Metals Heserve 
Company, Subber Reserve Ceapaay, Smaller War Plants Corporation, 
United States Commercial Compaay and War Damage Corporation. 
Comprises Treasury Department and other Oovernment agencies not 
listed in this statement. 

Excludes the interest of the United States represented by obligations 
held by tha Treasury. 



69 

Sources of Funds of Certain Government Corporations and Credit Agencies 
for the First Five Months, Fiscal Year 1943 



Corporation or agency 



Central Bank for Cooperative* 

Comaodlty Credit Cci-poratlon 

Dleaater loan Corporation 

Ilectrlc Home and Farm Authority 3/. 

Ixport-Import Bank of Washington 

Federal Depoelt Insurance Corporation U/ 

Federal Farm Mortjtage Corporation 

Federal hone loan banks 

Federal National Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporatlo 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation 

RFC Mortgage Company 

Rural Ilectrlf Icatlon Administration 

War corporat 1 ons 5/ 



Total. 



Corporation or agency 



Central Bank for Cooperatives 

Commodity Credit Corporation 

Disaster Loan Corporation 

Electric Home and Farm Authority 3/. 

yTport-Import Bank of Washington 

Federal Deposit Insurance Corporation U/. , . . , 

Federal Farm Mortgage Corporation 

Federal home loan banks 

Federal National Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporatlo 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation 

RFC Mortgage Company 

Rural Electrification Administration 

War corporations ^/ 



Total. 



Appropriations 
from Oeneral 
Fund of the 
Treasury l/ 



19,000,000 
-9. 815. 51"* ?/ 



u, 150,015 



1.696,3U4 
150,000,000 



*i65,030,gi+5 



Sale of other 
property 
acqul red 



$ gUi, 501. 1485 
12.73'* 



3.6U9.igo 
"+50, 306 



2't.03U.ig6 

3.808,568 

117,862 

266,223,935 
*1. 139,793,256 



Source. Reports received from the corporations and agencies. 

- I7l '*''' °°^™" *" '"• °"^y <"""» 1° tM» statement 
which constitute a charge against the Federal Budget 
They represent amounts of funds drawn against availaile 
appropriations, 

2/ Represents bal.^ce of repayment of amounts paid to the 
Commodity Crt' - Corporation for capital Impairment 
on basis of ap, aisal of the corporation as of March 31 
March n^T. ' '"""= ""• '*'*' - ^5'^ Congress. appro;ed 

^"^ q?^'IVJ%*f v*" °f<'*'"- 31. 19'*2. Under Executive Order 
9256 dated October 13. igUS. effective October 31. l^kZ, 



Allocations, redis- 
counts, and loans from 
other government cor- 
porations and credit 
agencies (net) 



* 13.256.925 



Sale of 

obligations 

to Treasury 

(net) 



$ -100,000,000 $ 1*6,950,000 



Sale of obli- 
gations in 
the market 
(net) 



-'t. 195.831 



8,151,000 

11.658,615 

7.507,516 

757,713,950 



-185,000,000 



6,000,000 

-12U,000,000 

l.o'*5.793.000 



-3.127,500 



-U, 000, 000 



$79'*,092,175 1$ -6lt3,793,ooo 



-322.1*gl,00O 



$-282,658,500 



Repayment 
of loans 6/ 



* '*7. 338.970 

'*1«,5'»7,280 

'*.3'»3.938 

3,'H3,7'*8 

■». 750,251+ 

9.205,895 

52.067,389 

96,gl2.9iU 

7.925,1+32 

95,812,673 

90,971,755 
lll*,l7g,9gl+ 

7,883.367 

■*. 550, 1*92 

22,1*90,151 

$606,293,21+2 



Interest, divi- 
dends, assess- 
ments, and 
property Income 



Other receipts 



$ "+91.799 

'+,'+21,926 
-997,77'+ 
2'+7.500 
2.268.61+3 
31.1+09,227 
27.186,501+ 
1.9'+2.l67 
'*,173,069 
'♦.975,252 
3,231,638 
'*7, 372, 130 
3't,9l6.695 
1. '•91.651 
3.101.293 
3,5'+5,032 

♦169. 776. 752 



$ 22.760 

l6,320,gi+g 

17l.'+3g 

6,90g 

112,19'+ 

8, "+69, 31*3 

-2,l+2l*,l*06 

162,071+ 

17l+.'+51 

7, '♦5'+ 

l"*, 293, 532 

3,900,682 

l,00't,it5g 

27 

85!+. 261, 129 

$896,l+g2,g92 



Sale of stock 
to other 
agencies 



$ -62,500 



1,500,000 



$1, "+37. 500 



Total, sources 
of funds 



i gO,Ol+7,95U 
81*3,926,025 
3,530.336 
5'»0,656 
7.01g.g97 
'10,727.316 
-93.627.531* 
92.330,675 
8.515.051 
111.112,392 
3.239,093 
52.671.603 
888.267,929 
22.155,95"* 
16.355.673 
2. 055, 73"*. 198 

$U,i33,oU6,l6g 



the assets and liabilities were transferred to Reconstruction 
finance Corporation for purposes of liquidation. 

F/ r^T "^ " "^ October 31. 191*2. the latest available. 

y Comprises Cargoes, Incorporated, Defense Hones Corporation 
Defense Plant Corporation, Defense Supoll.s Corporation. 
llllHTf^ Inter-American Affairs. Inter-American Navigation 

S»r?r i -0^'"^° ""^"^ °°"'P»'«'. S"'"'" ''^^"'^ C^oany 
ZZ IZZ T" ^"r'^''"'"'. United States Commercial ^^^oany 
ana war damage Corporation. 

lo^l^Ire'.T "' "tl\°^ P"P"'y '"^^"l"* in liquidation of 
loans are shown as "Sale of other property acquired". 



:1 







Z'- 



70 



Useb of FundB of Certain Government CJorporatlons and Credit Agencies 
for the First Five Months, Fiscal Year 1943 



Corporation or Ofsney 



Cantral Baak for CooperatlTs* 

CoBBodlty Cradlt Corporation 

SI lattor Loan Corporatl on < 

Iloctrle Hoae ai^ Tano Authority s/. 

bport-Iaport Sank of Vaihlngton 

Taleral Dapoilt Iniuranca Corporation "y. 

Federal Tara Nortga^ Corporation 

Federal hoae loan bank* 

Federal latlonal Nortgace Aaeoelatlon 

Federal PulUc Homing Authority 

Federal Sarlngi aul Loan Insurance Corporation. 

Hose Owneri' Loan Corporation 

Beconetroetlon Finance Corporation 

B7C Mortgage Coapaay 

Rural Il»ctrlflcatlon Ad«lnl«tratlon 

<ar corporations jy 



expenses 



Corporation or agency 



Central Bank for Cooperatlres ■ 

Coaaodlty Credit Corporation < 

Disaster Loan Corporation 

Ilsctrle Hoae aal Far« Authority a/. 

■zport-Iaport Baak of Vaahlagton 

Federal Deposit Insurance Corporation y 

Federal Fara Mortgage Corporation. 

Federal hoae loan banks 

Federal latlonal Mortgage Association 

Federal Public Housing Anthorlty 

Federal Sarlngs anl loan Insurance Corporation. 

Boae Ovners' Loan Corporation 

Beoonstruetlon Finance Corporation 

HFC Mortgage Coopany 

Bural llectrlflcatlon Adulnlstratloa 

Var corporations U/ 



Adalnlstratlra 



l,67U,Ull 

161,235 

107.209 

72,566 

1.152,853 

3,'*79.7'*»t 

5U5,003 

393.508 

1,201,850 

116, 2Ul 

U. 606, 818 

lt.210,gg2 

281,79't 

i,203.6U4 

2.363.35'* 



■onJiBlnls- 
t rat We 



♦21.613.857 



% 6.675 

77.6U2 

UoU 

6l6.7'*3 

'*70,76o 

16,125 

8,126,427 

2,OOl,U57 

llU.UW* 

3,500,981 



Purchase and 

ImproTement 

of property 

own^ 



% g30,3ii*,826 



Loans 



$15,336,067 



1,100,225 

1. 318.757 

8.506,658 

1,918. 1U3 

l,6Ul,555.8'« 



♦2,U8U,7ii*,U57 



» 59.665.869 

59.351.166 

663.998 

uue.isi 

10,887,108 

5,560,066 
6,7'«.96o 

26.fi''3.557 
5.2'*5.0oU 

7U,giU,605 

2,567,185 
200.309.967 

18,837.601 

7.669,555 
U3,8lU,Uio 



Hetlrement 

cf obligations 

Issued In 

exchange for 

Dortgages 1/ 



♦522. £35. 232 



♦20.985.050 



♦20,985.050 



Investnents 
(net) 



♦ 35.93'*. 202 



35,000.000 

-125.979,920 

38,366,009 



5,W'5,i56 

-lU.6Ui,6oo 

9,251,000 



♦-16,625.153 



Souroei Reports received froa the corporations and agencies. Data 
on basis of checke Issued. 

1/ Receipts froa the repayiient of mortgage loans appear under 
'Repayment of loans" in ths stateaent of sources of funds. 

2/ Figures are as of October 31. 19'*2. Under txeeutlve Order 
9256 dated October 13. 19'»2. effectWe October 31. 19'»2. 
the assets and liabilities were transferre-i to Reconstruc- 
tion Finance Corporation for purposes of 1*- 'Nation. 

j/ Figures are as of October 31. 19'*2, the 1» -*t «T«llable. 



Allocations, redis- 
counts, and loans to 
other goTernaent cor- 
porations and credit 
agencies (net) 



♦-52,325.020 
2.698.501 



-2.700,000 



Interest and 
dlTldands paid 



67U,g08,6ll 



113.877.596 



♦736.359.688 



♦ I16.U60 
3,986,301 

11,628 



l'*,505,871 

1,125, "HI 

2,25U,68g 

793.5'*'* 

12.096,990 
15,252,231 

82i*,U73 
3,20U,oU9 

'•55,722 



Other ex- 
penditures 



♦5'*.627,368 



♦ 21,716 

2,'*28,928 

-72 

257 

-621.138 

1.277.986 

82,812 

5,106 

2.509,591 

-536.2'»3 

63.'*95 

6.830.937 

179,1*98 

83.95'*.858 



Total, uses 
of funds 



i/ 



♦96.197.731 



95,780,991 

8'*5,'*30,6li 

3.530,336 

';U2,9l6 

8,260,078 

Ui, 091. 781 

-98, '♦62,726 

66.172,792 

8.515,051 

81.109,108 

5.01*1.280 

U2,311,02U 

912,665,085 

22.155,951* 

12,077,21*7 

1,889,522.769 



♦3.935.8'*'*.297 

U/ Comprises Cargoes, Incorporated, Defense Hones Oorpo- ..Uon. Defense 
~ Plant Corporation, Defense Supplies Corporation, Ins* '. '■■.te of Inter- 
Aaerloan Affairs, Inter-Aaerlcan HaTlgatlon Corporation, Metals Re- 
serre Company, Rubber Reserre Company, Smaller *ar Plants Corpora- 
tion, United States Oomnerclal Company and War Damage Corporation. 
5/ Includes expenditures for contributions and subrogated shares or 
claims In ln!>ur«l financial Instltutionn. 



71 



Sources of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through November 30, 1042 



Corporation or agency 



Central Bank for Cooperatlree 

Conaodlty Credit Corporation 

Dltaetor Loan Corporation 

Ilectrlc Sooe and Tarn Authority 5/. 

Iiport-Import Bank of Waehlngton 

federal Depoelt Ineurance Corporation 6/ 

federal farm Mortgage Corporation 

federal booe loan banki , 

federal Hatlonal Mortgage Association 

federal Public Housing Authority 

federal Sarlngs and Loan Insurance Corporation. 

Hods Omiers ' Loan Corporation 

Reconstruction finance Corporatloi; 

Hf C Mortgage Conrpany 

Rural Sleetrlfleatloa Administration 

War corporations 8/ 



lotal. 



Appropriations 
from General 
fund of the 
Treasury l/ 


Allocations, redis- 
counts, and loans froB 
other goTemnent cor- 
porations and credit 
agencies (net) 


Sale of 

obligations 

to Treasury 

(net) 


Sale of obli- 
gations in 
the Barket 
(net) 2/ 


Sale of stock 
to other 
agencies 


» 69,000,000 


$ 2U.193.03U 


- 


- 


» 1,215,000 


2'*3.950,52'» y 


- 


♦ 300,000,000 


♦ 7'W,OOU,000 


_ 


2U, 000, 000 y 


- 


- 


- 


_ 


1,000,000 


- 


- 


5,605,000 


. 


1,000,000 


- 


- 


- 


i7U,ooo,ooo 


150,000,000 


- 


-, 


- 


139,299,557 


100,000,000 y 


- 


78,000,000 


929,76U,2oo 


. 


- 


- 


- 


87.500,000 


i2U,7Ui,ooo 1/ 


- 


99,920,'»81 


- 


85,2UO,000 


11,000,000 


51, 81*9, "wz 


- 


280,000,000 


lll*,l57,0O0 


- 


- 


- 


- 


- 


100,000,000 


200,000,000 k/ 


- 


U27, 000,000 


3.nU,U53.550 


_ 


325,000,000 


8,251,000 


3.579.71i,UU6 


897.171,000 


. 


- 


r3.9'*3,375 


- 


_ 


25.000,000 


138,»*35,098 


232,051,862 


- 


. 


- 


150,000,000 


2.58U,359.267 


- 


- 


36,601,000 


$l,U5i*, 235,101* 


$3,022,719,019 


»U,66i*,7ii,UU6 


»5,98l,89U.750 


$611,856,557 





Corporation or agency 



Central Bank for CooperatlTes 

CoBBodity Credit Corporation 

Plsaster Loan Corporation 

Ilectrlc Home and farm Authority j/. 

Ixport-Import Bank of Washington 

federal Deposit Insurance Corporation 6/. 

federal farB Mortgage Corporation 

federal home loan banks 

federal Hatlonal Mortgage Association 

federal Public Housing Authority 

federal Sarlngs and Loan Insurance Corporation. 

Homo Owners' Loan Corporation 

Reconstruction finance Corporation 

Rf C Mortgage Company 

Rural Xlectrlf leatlon Administration 

far corporations 8/ 



Sale of other 
property 
acquired 



Repayment 
of loans 2/ 



$1,919,080,299 
153,331* 



25,593,786 

1,712,071 
951, UOI 

208,U91,U5U 

3i,5U3,387 

892,057 

627,280,125 



''»t«l $2,815. 697, 91U 



$ 358.353.610 

1.057. 818. 971 
22,210.961 

39.017,U6U 
125,608,1U5 

111,126,888 

'*58,793.9'»2 

833,101,880 

53,766,503 

770,U5i,i«)9 

l,2U5,ii7,i55 

5,806, 6Ui,i«)3 

11*5, S"**, 037 

17,256,561 

23,795,371 

$11,068,608,300 



Interest, dlrl- 
dends, assess- 
ments, and 
property Income 



Source: Reports rocelred from the corporations and agencies. 

1/ Items In this column are the only ones in this statement which 
constitute a charge against the federal Budget. They repre- 
sent amounts of funds drawn against available appropriations. 

2/ Bieept for the H.O.L.C, sales of obligations In the market, 
as shown In this column, are reduced by the amount of obliga- 
tions which hare been retired (including those which hare In 
effect been refunded through the sale of obligations to the 
Treasury). In the case of the H.O.L.C, the original amount 
of obligations sold In the market Is shown In this column and 
the retirement and refunding of these obligations are shown as 
"Retirement of obligations Issued In exchange for mortgages" In 
the^ statement of uses of funds. 

Includes $3,000,000 N.I.R.A.; $97,000,000 H.f.C. Included In 
notes canceled by the Treasury (See footnote k/); and 
$11*3,950,523.60 restoration of Capital Impairment, which Is 
net of repayments to the Treasury of $1*3,756.731.01 on the 
basis of March 31, iglto appraisal, and $27,815,513.68 on the 
basis of March 31, I9U2 appraisal of the corporation, pursuant 
to Public No. Ul*2 - 75th Congress, approved March 8, 1938. 
These funds were furnished by the R.f.O. from the proceeds of 
Its notes sold to the Treasury, such amounts being Included In 



$ 11,967,219 

35.2U2.635 

850.169 

5.276,995 

19.UU7,76U 

395,787.278 

522.UU8,276 

U8, 621,236 

33.320.55U 

'»5,036.U50 

U6. 317. 172 

l,03O.6l2.U25 

721.U30.16l 

17.057,761 

18,858,U38 

6,310,7U8 



Other receipts 



$2,961,585,281 



$ U,6S2 

25.986 

205 

358 

707, 

"♦,526. 

21,83U, 

78,912, 
U,8lU. 

1.U9U, 

226, 

U2.718. 
125,713, 

5,7'«. 
1.0U5.893. 



,267 
,230 

.572 
.525 

119 

921 

876 
930 10/ 

327 

58U 
U25 
659 
292 
975 
167 

588 



Total, sources 
of funds 



$1.363,82U,U57 



$ U69 

'».330 

U7 

51 

320. 

803. 

2.136. 

1,172, 

289, 

1,263, 

1U6. 

6.268. 

ll,'»95. 

268. 

U06, 
U,U7U, 



,Uii,i30 
,082,658 

,U2o,037 
,257.98U 
763,028 
7i«).6UU 
■♦35,080 
877, 0U6 
773.936 
9U0.326 
5U3,597 
393. 2U3 
U61.688 
190.205 
602.126 
2U0.099 



$33. 9U5. 132.827 



6/ 
1/ 



§/ 



1/ 



y 



the total of obligations of the corporation canceled by the Sec- 
retary of the Treasury pursuant to the Act of february 2U,1938. 
figures are as of October 31,19U2. Uixler Ixecutlve Order 9256 
dated October 13,19'*2, effective October 31,19U2, the assets and 
liabilities were transferred to R.f.O. for purposes of liquidation, 
figures are as of October 3I, 19U2, the latest available. 
The R.f.O. purchased the stock of the federal homo loan banks from 
the Treasury Department on february 20, I9U1. The net effect of 
this transaction Is the same as a sale of stock to other agencies, 
and is shown as such fsr purposes of this report. 
Comprises Cargoes, Incorporated, Defense Homes Corporation, Defense 
Plant Corporation, Defease Supplies Corporation, Institute of Inter 
American Affairs, Inter-Anerlcan Navigation Corporation, Metals 
Reserve Company, Rubber Reserve Company, Smaller War Plants Cor- 
poration, United States Oonnerclal Company and War Damage 
Corporation. 
2/ Receipts from the sale of property acquired In liquidation of 

loans are shown as "Sale of other property acquired". 
10/ Includes $51,513,100 paid-in capital stock hold by member 
Institutions. 



t'-^ 

Y'/.- 



72 



Uses of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through November 30, 1942 



Corporetlon or agency 



Central Bank for CooperatlTes 

CoBBOdlty Credit Corporation 

Disaster Loan Corporation 

Jlectrlc Home and ?ann Authority 2/ 

Siport-Inport Bank of Washington 

Federal Deposit Insurance Corporation \/ 

Federal Farm Mortgage Corporation 

Federal hone loan banks 

Federal National Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporation. 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation 

RFC Mortgage Company 

Rural Electrification Administration 

War corporations 5/ 



Corporation or agency 



Central Bank for Cooperatives 

Commodity Credit Corporation 

Disaster Loan Corporation 

Electric Home end Farm Authority 2/ 

Export-Import Bank of Washington 

Federal Deposit Insurance Corporation 2/ 

Federal Farm Mortgage Corporation 

Federal home loan 'banks 

Federal national Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporation. 

Rome Owners' Loan Corporation 

Reconstruction Finance Corporetlon 

RFC Mortgage Company 

Rural Electrification Administration 

War corporations ^/ 



Total. 



Ejcpenses 



Administrative 



% 1.053.129 

12.658,81*5 
3.62U.8U 

2,522.569 

28.'t6U,6lO 
82,506.000 

11,385.710 

'*.257.133 
20.772.395 

1.739.27'+ 

237.7'*2.630 

95.66U.395 

5.1+55.167 
i6.iU2.63i+ 

3,6oU.527 

$528.357.9'+6 



Nonadmlnlt- 
tratlve 



Investments 
(net) 6/ 



$ U9,58U.9U3 



526,91+8, 15** 
607,833.920 
107,733.92'* 

7,070,000 
128,290,99'+ 
252,U28,260 

377,292,000 



$2,057,182,195 



$ 136,1+3'+ 

1.39'+. o'+i 
12.303 

6.187.331 

i+,6Ul,279 

7,185,51*2 

77,160 

lU6,517,15i+ 

ll,8l*7,U82 

'♦,767,581 

U, 212, 721 
$186,979,028 



Purchase and 

Improvement 

of property 

owned 



$2,017,760,957 



17,838.795 
27,622.739 

153.976.908 
9.905.312 

3.867.831.381 



Loans 



$6.091+. 936. 092 



$ 1*06,089,1*02 

2,209,558.719 

29.918,938 

1+6,U35,709 

21*1*. 518,913 

192,965,11*0 

1,069,077,881 

95I+. 987, 1*59 

269. 21*1*. 710 

1.130.31*3.679 

3.271,831.369 

7,835.380,303 

239, 1+61*, 012 

362,285,561+ 

116, 8U2, 21*2 

$i8,378,9iti*,oi*o 



Retirement 

of obligations 

Issued In 

exchange for 

mortgages l/ 



$1,567,120,8501*/ 



$1,567,120,850 



Allocations, redis- 
counts, and loans to 
other government cor- 
porations and credit 
agencies (net) 



$ 32,007,l6U 
13.738,1*00 

72,150,000 



Interest and 
dividends paid 



2,871,257,839 



119,338,202 



$3,108.1*91.605 



777.597 
35.290.331* 

516.175 
2.362,329 



322.632.889 

21*, 895, 839 

11,368,309 

7,116,823 

3,035.326 

552.293,371* 

280,507,673 

8,000,1*32 

15. 1+19, 538 

1*56,1*70 



other ex- 
penditures 



$1,261*. 673, 108 $330,01*9,738 



% 3.5i*2.'*78 

20,78i+,535 

1+5U 

196,303 

593,801 

32,778.520 

21,868,707 

396.116 

262.505 

17,287,633 

10. 833. 715 1/ 

7,231.32'* 

22,615,861 

596,573 

371,526 

190,689,689 



Total, uses 
of funds 



$ 1*61, 

'+.528, 

'+7, 

51, 

320, 

781, 

2.127, 

1.099, 

289 
1.217 

IH3 

6,189 

11,1*91* 

268 

39U 
U,302 



oU7,5'+9 
060,555 
1*19.037 
o6U,796 
Uoi,i+63 
156,1+21* 
91*5,522 
399,01*8 
,773.936 
,398,811 
,976,1+67 
,11*1,869 
,565.55'* 
,189,078 

,219.262 
,975.232 



$33.5l6,73i*.603 



Source: Reports received from the corporations and agencies. Data on 
basis of checks issued. 

1/ Receipts received in payment of mortgages appear under 

~ "Repayment of loans" In the statement of sources of funds. 

2/ Figures are as of October 31, 19U2. Under Executive Order 
9256 dated October 13, 19l*2, effective October 31, 191*2, 
the assets and liabilities were transferred to Reconstruc- 
tion Finance Corooratlon for purposes of liquidation. 

3/ Figures are as of October 51, 191*2, the latest available. 

6/ Includes the retirement of those obligations which were In 
effect refunded through sale of securities to the Treasury. 

'2/ Comprises Cargoes, Incorporated, Defense Homes Corporation, 
Defense Plant Corporation. Defense Supplies Corporation, 



Institute of Inter-American Affairs. Inter-Amorlcan Naviga- 
tion Corporation, Metals Reserve Company, Rubber Reserve 
Company, Smnller War Plants Corporation, United States Commer- 
cial Company and War Damage Corporation. 

6/ Includes United States Government bonds in the amount of 

$538,103,996 as follows: Federal Deposit Insurance Corporation, 
$Ull*, 1*58, 012; Federal Savings and Loan Insurance Corporation, 
$19,l6l*,500; Federal Public Houslife Authority. $7,070,000; 
Federal home loan banks, $91,86l,l+8l*; Central Bank for Coopera- 
tives, $5,550,000. 

1/ Includes expenditures for contributions and subrogated shares 
or claims In Insured financial Institutions. 



INTERNAL REVENUE STATISTICS 



-73- 




74 



flical 7«ar 
or Bonth 



Summary of Internal Revenue Collections^/ 

(In thousands of dollare) 



1929 

1930 

1931 

1932 

1933 

W"* 

1935 

1936 

1937 

193« 

1939 

igito 

191*1 

19U2 

19Ul-DMuib*r. . 

igUS-Jamuiry. . . 
re1)nini7. . 
Karch 

April 

May 

Juna 

J\ily 

Au^st . . . . 

Ssptaobar. 

Octolier.. . 
KoTember. . 
Cacember. ■ 



Total 



2.939.05U 
3,OUO,lU6 
2,1*28,229 
1.557.729 
1.619.839 
2.672,239 
3,281.792 
3. 1*91*. 330 
4,63U,308 

5,6li3.83U 

5.162.355 

5,322.768 

7.351.531 

13.029,912 

1,138,288 

61*2,271 

859.750 

3.1^55.803 
696,855 
61*9,121* 

2,1*W*,186 

807,1*51* 

681,368 

2,1*59.871* 

702.1*25 

81*5.855 

2.521,1*1*8 



Income and profits taxea 



Total 



2.331.271* 
2,1*10,259 
l,860,Ol)O 
1.056,757 
71*6,791 
819,656 
1,105,788 

1,1*27,1*1*5 

2,179,828 
2,629,016 

2,185,105 
2,129,606 
3,1*71,122 
8,006,880 

768,971 
11*2, 6I8 

337.101 
3,073,000 

295.111 

204,578 

2,131.U52 

221,585 

l6i*,032 

2,122,989 
220,386 

181*, 51*9 

1,999.688 



IndlTldiial 



1.095. 51*1 

1,11*6,81*5 

833,61*8 

1*27,191 

352. 573 

1*19.509 

527,113 

67i*,i*i6 

1,091,71*1 

1,286,312 

1,028,831* 

982,017 

i.v 7.655 

3,262,800 

21*8,1*1*1* 

56.721* 

229.353 
1,1*68,071 

171.318 
19.523 

727.125 

62,873 

Uo,523 

670,306 

26,1*68 
27.058 
562.515 



Corporation, 
IncoBS and 

•xcaas 
profits 2/ 



1.235.733 

l,263,UlU 

1,026,392 

629, 566 

39I*, 218 
397.516 

572.115 

738. 520 

1.056,909 

1,299,918 

1,122,531 
1,120.579 
2,016,295 
1*, 687, 1*59 

511*. 159 

83.365 

105,61*8 

1.593.507 

121,0U7 
178,337 

1,393.1*1*8 

156.218 
120.313 

1,1*36,081 
186,668 
155.031 

1,1*25,91*2 



Mlseal- 
laneoQS 
profits 
taxes }J 



2,631 

6,560 

ll*.509 

31,178 

1*2,786 

33.71*0 
27.010 
37.172 
56.6a 

6,368 

2,529 

2.100 

11,1*22 

2,71*6 

6,718 

10,873 

2,i*9U 

3.196 

16,602 

7.250 
2.1*60 

11,231 



Inployxent tasos 



Total 



1*8 
265. 71*5 
71*2,660 

71*0,1*29 

833.521 

925.856 

1.185,362 

17.71*6 

129,501* 
198,900 

27.980 
108,218 
167.739 

28.2183 

127,019 

177.282 

22,096 

133.919 

183.195 
25,263 



Social Security taxes U/ 



Federal 

Insurance 

ContrlVutlons 

Act (01d-a« 

Insurance; 



207,339 

502,917 
529.835 

605,350 
687,327 
895.336 

3.385 

97.010 

12l*.33l 

1.513 

102,359 

139.170 

3.358 

120,882 
11*0,967 

1*.562 
127.882 
11*8.1*78 

2,576 



I^daral 
Uaarploynsnt 

Tax Aet 

(UsesployBeat 

Insurance) 



58,119 
90.267 

101,167 
106,123 
100,658 
119,617 

723 
30,851 
53.551* 

1.692 

l*.970 
7,286 

1.1U5 
5.536 

5.993 
808 

5.1*08 

5.753 
951 



Carriers' 

Taxing Act 

of 1937 



Ug 

287 

lU9,U7€ 

109. 1*27 
122, oUa 
137.871 

170,1*09 

13.638 

1.61*3 
21,015 
21*. 775 
889 
21.283 
25.S80 

601 
30.322 
16.726 

629 

28,361* 

21,736 






-fiscal year 
or Bontli 



1929 

1930 

1931 

1952 

1933 

1931* 

1935 

1|36 

191a 

i9>«e 



19l*l-DaaaBber. . . , 

19lt2-January. ...,..,,■,, 
Tabruary. ...,,••,,, 

Maroh • t T , • • f 

April ..,. 

HW .....rr,. 

Jva; ,,,,,.,,,■■■■■ 
July,,,.........,,, 

August,...,,,,,!,,, 
Sqiteobsr, ,,,,,,,,, 

October.., ,,.,,,,,, 
VoTeabsr. •,,,,,,,,; 
Decenber,. .,,,,,,,, 



Miscellaneous Internal revenue 



Total 



607,780 
629,887 
568,189 
500,972 
873,01*8 

1,1(81,160 
1,61*9,782 
2,00l*,5ll* 
2.188,735 

2.272,158 
2,236,8a 
2,359.61*1 
2, 951*. 553 
3.837.670 

351.571 

370. 11*9 
323.71*9 
35U.823 

293.526 
276.807 

281*, 351 

1*58,850 
31*0,051* 
311*. 789 
31*8,120 
1*78,111 
1*96,1*97 



coital 

stock 

tax 



80,168 
91.5O8 
91*. 91*3 
137.1*99 
139.349 
127.203 
132.739 
166,653 
281,900 

50.235 

2,723 

616 

352 

291 
1*85 

261* 

228 
233 

589 

266 

185,1*1*5 

ll*3,020 



Is tats 

and 

gift 

taxes 



61.897 

61*, 770 

1*8,073 
1*7,1*22 
31*. 310 

113.138 
212,112 
378,81*0 
305.51*8 
1*16,871* 

360,715 
360,071 
1*07,058 
1*32,51*1 

23.587 

36.957 

35.681* 

105.317 

1*3.090 

25.087 
25.321 
1*5.582 

29.681 

27.919 

35.11*7 
26,951* 
30,223 



Alcoholic 

beveraea 

taxes 



12,777 

11.695 

10,1*32 

8,70l» 

1*3,171* 

258,911 

1*10,926 
505. 2U3 

593.831 
567.670 

587.605 

62U.06U 

819,869 

1,01*8,165 

93.056 

100,623 

77.653 

81*. 657 

81,1*27 
8l*,07l* 
86,001* 

113,986 
122,896 
111,280 
118,91*9 
10l*,l*31 

128,973 



Tobacco 
taxes 



1*31*, 1*1*5 
1*50.339 
U¥*,277 
398,579 
1*02.739 
1*25.169 
1*58,776 
500,786 
551.923 
567.777 

579.781* 
608,072 

697.712 

780,792 

58.302 

69.581 
59.606 
61,601 
62,866 
65.798 
71,1*1*6 

7'*.077 
73.933 

77.11*8 

82,532 
78,607 

81.359 



Stanp 
taxes 



61*. 173 
77.729 
U6.95I* 

32,21*1 

57.573 

66,580 
1*3.133 
68,990 
69.919 
1*6.233 

1*1,083 
38,681 

39.057 

1*1.702 
3.873 

5.328 
3.222 

2.796 

3.159 

2,951* 

2,735 
2.817 
2.653 

2.681 
3.167 

3.399 
3,1*58 



Manufac- 
turers' and 
retailers' 

excise 
taxes 



166 
31*1* 
138 

21+7.751 
390.038 
31*2.275 
379.51*0 
1*1*9,851* 
1*16.751* 

396,891 

1*1*7 .088 

617.373 
852.069 

92.750 
102,518 

80,900 

63,652 

70,008 

63,025 
56.369 

61.935 
59.756 
55.996 

66,01*2 
1*7.137 
63,832 



Ml a eel- 

laneous 

taxes 



5/ 



31*. 322 

25,010 

18 , 310 

ll*,026 

87,1*96 

11*7.156 

91.052 

76 172 

80,161 

117.501 

11*3,51*0 

11*8,926 

206,831 

1*00,501 

29,768 

52.1*19 
66,068 
36,1*1*8 
32.685 
35.381* 
1*2,212 

160,225 
50,902 
39.176 

1*2,017 
32.138 

1*5,632 



A^l cultural 

adjustment 

taxes 



371.1*23 
526,222 

62,323 



Bouroa: Beports of collections. ^ 

1/ Excludes oollsctlons for credit to certain trust accounts 

for territories and insular possssslons, etc. (except for !*/ 

the fiscal years 1929 through I93I*, when they aggregated 

last than $1 million a year). 
2/ Xxceii profits tax lapossd under the Second Eevenue Act of 

191*0, ai amendad. ^ 



Consists of the declared value excess profits tax, the profit limit- 
ing provisions of the Vinson Act, and the tax on unjust enrichment. 
For the period prior to September 1939 the data in the columns en- 
titled Federal Insurance Contributions Act and Federal Unemployment 
Tax Act represent collections under Titles VIII and IX, respec- 
tively, of the Social Security Act. 

Includes tax collections under the Sugar Act of I937 and under the 
dividends tax imposed by the Act of June 16, 1933. 



75 



COLLECTIONS OF INTERNAL REVENUE 



Fiscal Vzors /929 to 1942 



DOLLARS 
Billions 

14 



First 6 Months Fiscal Year 1943 

DOLLARS 
Billions 

4 




\\ 



:! \ 



DOLLARS 

Billion. Individual InconDe 
3^ 



3.2 



2.S 



2.4 



2.0 



1.6 



1.2 



4£ 



4.4 



40 



3.6 



3.2 



IR 



2.4 



2.0 



1.6 



1929 31 33 36 37 39 '41 



Corporation Income 
and Excess Profit 



1929 '31 33 35 37 '39 41 



DOLLARS 
Billion* 

3A •« 



3.2 



Z& 



2.4 



2.0 



1.6 



1.2 



i- 

I: 



43 



J1 



4.8 



44 



4.0 



3.6 



32 



2.8 



24 



2.0 



1.6 



\2 



43 



Estate and Gift 



■DOLLARS 
Billions 
.3 



:^TTiini 



M. 




2.0 



1.6- 
1.2 
.8 



Af^riculturai 

Adjustment 



_ Employment 



1929 



■^^ 



33 



35 37 39 '41 43 



2.0 



1.6 



1.2 




Mcluom mlac*llan*oua profit loxaa 



76 



Detailed Analysis of Current Internal Revenira Collections^/ 



Soveet of re-nvat 



Idcob* and profits t&xaii 
InllTidual 

Corraat 

Back 

Corporation 

CarrsBt 

Back 



Szeaii profit! taxes (Second Beremie lot 
of 19U0 as amesded) 



VlseallaiieoQs profits taxes 

Dsclared ralnc 

Tinaon Act 

ttajoat asrlohaaat 



total Incoaa and profits tazsa. 



■■ploynent taxes i 

Sodal Seeurltj taxssi 
hdaral Insurance Contributions let 

(01d-a<e ln«uraae«) 

IWdsral ITnamploTBent Tax Act (Unaaplor- 
■ent Insurance ) 



Cptal Social Seearlt7 taxes. 
Carriers' Taxing Act of 1937.. 



Total saplo^ent taxes. 



Miscellaneous Internal rereaiiai 
Capital stock tax 



(state tax. 



(Uft tax. 



Alcoholic berera^e taxesi 

Distilled spirits (loported, excise).... 
IHstllled spirits (doaastlc, excise).... 

IHstllled spirits rectification tax 

Vlnss, cordials, etc. (inported, excise) 
Vines, cordials, etc. (donestlc, excise) 
Brandy used for fortifying sweet wines 

(repealed as of July 1, 19U0) 

Dsalers In distilled spirits; rcctlflersi 

■anufacturers of stills (special taxes) 
Stamps for distilled spirits Intended 

for export 

Case stBBps for distilled eplrlts 

bottled In bond 

Container stanps 

n.oor taxes 

Terssnted malt liquors 

Brewers; dealers In nalt liquors 

(special taxes) 



Tgtal alcoholic bererafe taxse. 



Tobacco taxes I 

Cigars (large) 

Cigars (saall) 

Cigarettes (large) 

Cigarettes (saall) 

Snuff 

Tobacco (chewing and smoking)... 

Cigarette papers and tubee 

-aof dealer penalties, etc 

Cigarette and cigar floor taxes. 



To'tal tobacco taxe^. 



Dseaabar 
19>t2 



1.999.688 



555. 7U5 
6.770 

752.531 
29.681 

6i»3.730 

11,128 

103 



(In thousands of dollars) 



Tlrst 6 months 



Hscal 

year 
19'*2 



5U3.557 
'♦7.128 

966,512 
82.898 

162, 700 

17,U8lt 

2.712 



l,823,0a 



2.576 

951 



3.527 

21.736 



25.263 



1U3.020 



29.582 



6i»i 



E,U81 

62.979 

I.3S8 

3.9U9 



7'* 



109 

823 

16.873 
3'».l5l 

51 



•«7.595 

20.118 



nse«a 
year 
19»>3 



1,31*0,628 
'*9.115 

l.8ii6,55l 
116,1102 

1.517.301 

1*1.839 
191 

1,202 



'♦.913.229 



1*7. 713 
76,925 



521J.638 



277.170 



157.603 



3.U8O 



128,973 



5,607 



20,080 

272, 5'»1 

8,761 

207 

11.233 

1,188 
5.3lt6 



606 

5.915 

15.613 

189.552 

2,683 



533.726 



2.313 


7.1»87 


7 


53 


3 


8 


69,007 


350. 728 


717 


3.565 


3.618 


27. 01 It 


87 


1.031 



81.359 



389. 893 



5i»5.3'»7 
2lt,Ul»9 



Sources of revenne 



569.796 
98,978 



668, 77U 



190,871* 



'♦.633 



36U!U69 

10. 727 

29** 

17.783 



5.295 



760 

6,;?86 

37.31*1 

221,390 
2.512 



700.515 



10,106 

U8 

, 13 

1*22.317 

3.535 

25.372 

6a 

2 

5.6U3 



1*67.657 



Source: Beports of collectlone. 
* Lens than $500. 
1/ Ixcludes collections for credit to certain trust accounts for 



Jdscellaneous Internal rerenus (continued); 
Stamp taxesi 
Bonds, Issues of capital stocks, deeds 

of conTeysBce, etc 

Transfers of capital stock and similar 

Interest sales 

Flaying cards 

surer bullion sales or traasferi 

-Bapealed taxes not listed above 



total staop taxes. 



Manufacturers' and retailers' excise taxes; 

Lubricating oils 

Oaaollne 

Tires and tubes 

Iloor taxes on tires and tubes 

Automobile trucks and busee 

Other satoBoblles and motorcycles 

Parts and accessories for automobiles.... 

nectrlcal energy., 

neetrle, gas, and oil appliances 

Ileetrla light bulbs and tubes 

Sleotrlc sipis (repealed as of ll/l/l»2).. 
Badlo sots, phonographs, components, etc. 

Phonograph records » 

Musical Instruments 

Hsehanlcal refrigerators, alr-condltlonera, 

etc 

Matches 

User taxes on matches. 

Business and store machines. 

Purs - retailers' excise 

Jewelry - retailers' excise 

luggage 

Optical equlpneat (repealed as of ll/l/l*8) 

I1iotogr^>hle ^iparatus 

Rubber articles (repealed aa of ll/l/U2).. 

Sporting goods 

Toilet preparations - retailers' sxelse... 
Washing maAlnes (repealed as of ll/l/l»2). 

rirearme, shells and cartridges 

Pistols and rsTolTsra 

Bepealed taxee not listed above 



December 
191*2 



Total manufacturers* and retailers' 
excise taxes 



msoellaneous taxesi 

Bituminous Coal Act of I937 

Sugar Act of 1937 

Telephone, telegraph, radio, and cable, 

leased wlree, etc 

Local telephone serrlee 

Transportation of oil by pipe line 

Transportation of persons, seats, berthe... 
Transportation of property (effective 

12/1/1*2) 

0se of motor vehicles (effective 2/l/l*2).. 

Uae of boats (effective 2/1/1*2) 

Leasee of safe-deposit boxes 

Admissions to theaters, concerts, 

cabarets, etc 

Club dues and initiation fees 

Bowling alleys, pool tables, etc 

Coin operated dsvleee 

AAulterated and processed or renovated 

butter, mixed flour 2/ and filled eheeee 
Oleomargarine, including special taxee.... 
Isrcotlcs, Including marihuana and 

special taxes 

Coconut and other vegetable oila 

processed 

Hatlouil rirearms Act 

All other, including repealed taxes 

not listed above 



Total mlscellaneoue taxee 

Total miscellaneous Internal revenue. 



1.690 

1,038 

723 

7 



Tlrst 6 months 



Fiscal 
ysar 
191*2 



3. ''58 



3.528 
28,1.|3 

2 

319 

79 

1.737 

'♦.372 

1*58 

617 

98 

66U 

23I* 

81* 

390 

679 

e 

780 

5.926 

7.859 

1*79 

20 

955 

1,618 

175 

2.736 

1 

58 

12 

38 



63.832 



1*1*5 
3.975 

7,802 

5.733 
1.338 
7.171 

69? 

2 

3U6 

15.923 
502 

62 

1.170 

1 

171 

35 
253 



3 



1*5.632 



Total internal revenue. 



U96,U97 



2, 5a, 1*1*8 



11,781* 

6.570 

3.139 

15 



21.508 



2i*,9a 

202,009 

38.389 

7.709 

8,263 

51.U87 

11.767 

21*. 1*65 
3,686 
738 
178 
6.092 
121* 
1*1*2 

8,1*1*1* 

Jll 

686 
l*,03l* 
5.1*61 

1*80 

59 

950 

2,816 

507 

3,081* 
2l* 

2.976 
1*0 

3.33'* 



Plseal 
year 
191*3 



9.671 
1*,883 

3.56£* 
57 



18.175 



"US. 598 



2.717 
38.709 

17.363 
1,96U 
6,771 
2.55'« 



1.279 

1*9.172 
3.231 
1,203 
i*.709 

16 

1,1*71* 

282 

3.802 
10 

29 



19.665 

169.106 

6,615 

30 

3.232 

I.2U9 

9,800 

2U.36I 

5.279 

1.765 

1*87 

■*,028 

96<' 



1*,03 

3.8t* 

4 

U,70g 

17.1*81 

37.U73 

2.73'* 

278 

5.507 
12.652 

2.827 
ll*.382 

35 
1.038 

165 



35U.698 



135,286 



1.93i*.26U 



2.76U 
28.61I* 

36.392 
27.218 

7.217 
30,108 

137.534 

302 

3.071* 

80,512 
3.309 
1.532 
8.31*2 

a 

1.520 

361 
i.as 

12 
37 



370,090 



2,1*36.1*23 



1*. 281,923 



8,018,1*26 



territories and insular poBBosalons, etc. 
2/ Tar imposed upon the ORnuf aeture and sale of, and the occupational 
tax on, mixed flour repealed as of November 1, I9U2. 



GOLD AND SILVER STATISTICS 



-77 



7« 



Gold Assets and Liabilities of the Treasury 



Ind »t caltDdar 
ytar or aontk 



193U. 
1935- 
1936 • 
1937. 
193«. 
1939- 
19W. 
19U1. 
19U2. 



(In Blllloni of dollart) 



Oold 



19Ul-I)«oM%«r. 



19l^-Juvar7. . 
TtbroaxT- 
)Uxeh 



April. 
May... 

Jua«. . 



July 

S«pt«a%*r. 



Ootottr. . 
Dteaatar. 



8,338.6 
10,122.9 
11.257.6 
12,760.0 
lit, 511. 2 
17.6UJ.U 
21,99H.5 
22,736.1 
22.726.2 

22.736.1 

22,7U6.9 
22.70l*.5 
22,587.1+ 

22.690.2 
22,71'*.l* 
22,736.5 

22, 71*3 -7 
22.755-7 

22,75'*-l 

22.739.7 
22,7'»3.>* 
22.726.2 



LiabllitlM 



Oold Ctrttf- 
le»t«t 1/ 



5.Z7't.O 
7.679.5 
8.959.6 
9. 212.3 
11.872.8 
15.278.6 
19. 825. U 
20,j6ti.8 
20,bll.9 

20,56U.8 

20, 591*. 
20,575-5 
20,555.0 

20.569-3 
20,581.3 
20,625.3 

20,605.0 
20,634.3 
20,63l*.8 

20,627.8 
20,631.1 
20,611.9 



Oold Btttrr* 

a««iut U. I. 
not««, (to. 2/ 



156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 

156. Q 

156.0 
156.0 
156.0 

156.0 
156.0 
156.0 

155.0 
156.0 
156.0 

156.0 
156.0 
156.0 



behuf* 
SUblliiatien 

roftd 3/ 



Oell U 

a«Btrkl fBBd 



1,800.0 
1,800.0 
1,800,0 
1,800.0 
1,800.0 
1,800.0 
1,800.0 
1,800.0 
1,800.0 

1,800.0 

1,800.0 
1,800.0 
1,800.0 

1,800.0 
1,800.0 
1,800.0 

1,800.0 
1,800.0 
1,800.0 

1,800.0 
1,800.0 
1,800.0 



1,001.6 
Iti7.lt 
3UI.9 

X.S91.6 
618.U 
1401.9 
813.1 
215. S 
IJI.J 

219. 3 

196.9 
173.0 
176. t 

16J.O 
177.1 
195.8 

18:1 

163.3 

199.9 
196.8 
198.3 



Soixroti Dally Tr««tury Statna&tt. 

i/ Ooaprltti (1) gold etrtlfleatct hold by tho publio aad In Tod- 
oral Roiorvo Baakd and (2) soli oortlfloato orodlti In (a) tho 
Oold Oortlfloato fund - Board of Oovomoro, lodoral Roiorro 
SyttOB, and (b) tho Rodonptlon Tvind - Tederal Eooorro notoo. 



2/ Koiorvo a«alAit Unltod Statoi notoi and IrtMUiy Mtti 

of 1890. 
2/ Sxoludoi (Old In aotlTO portion of IxoUac* Itktilliltin 

fund. 



Monetary Stocks of Gold and Silver 

(In ollllono of dollaro) 



Ind of flaoal 
yoar or Bonth 



193U 



1936 

1937 

1938 

1939 

19W 

19UI 

19i»2 

19Ul<.Ooowibor. 

19U2-JoA«Ary. . 
Tobrujary. 
Uaroh.... 



iprll. 
Uay... 



Oold 
($35 P«r^ 
flno ouneo) 



July 

iuguit..,. 

ItpttrtH. 

Ootobor... 



7,856. 

9.115. 
10,608. 
12.318. 
12,363. 
16,110. 
19.963. 
22, belt. 

22.736. 

22,736. 

22,7lt7. 
22,70U 
22,687 

22,690 
28,71>t 
22,736 

22,7>ttt 
22.79? 

n,m 

22.739 
22,7ltJ 



2 

6 
U 
3 

1 
1 
2 
7 
6 

2 
.8 

.It 

.8 

.It 
.7 

3 

7 
.1 

:I 

.8p 



8ilTtr 

(11.29* P«r 
flno ouneo] 



898.2 

1.>463'1 
2,2lt9.9 
2.9>^f.l 

3,066.1* 
3.609.8 

U,306.0 
lt,8ltU.8 

'♦,877.8 
It, 189. 8 

}».30l.3 
It, 306.0 

|t,3ll.j 
It.JU.i 

I».39«.7 

it.jse.o 

'*.M7.1 » 



Satis of 

illvtr to gsld 

ud sUvsr is 

■0MtM7 etoti» 



lovirod D8ily frtatu)^ lUttMit ui QtrouUtlon ItatoMat 
of Ualtoi ittt«i Usiiy. 
f rnliilMiv 



Inortmwtt Msultlng from the Reduction In the Weight of the Gold Dollar, Dooeinbor 31, 1048 



Izohanfo StabillMtlon fund 

Paymonti to Todoral Rooorvo Buki for Indutrlal loano. 

Phlllpplno ourroney rotorro 

Uoltln« loiioi en fold ooln 

Kotlroaoat of latlonal Bank notot 

Unaid^nod • 

Total laeroBOnt 



AllooatloBi of 
iBoroaoBt 



$2,000,000,000.00 

139,299.596.99 

23,862,790.78 

2,175.121.93 

6U5.387,965-'*5 

7,6lt8,7i»9.96 



$2,8lB.37it.li»5-ll 



Oharcoi a«aiBit 

tnoroMBt 



$8,000,000,000.00 
27, 5H6, 310.97 

l,8H6,976.29 

6lt5,387,969.1»9 



♦2,67lt.78i,292.67 



QatxpsBdod balMOt of 
allsoatti InertatBt 



$111,793.2^6.08 
83.868,790.78 

328,lU9.68 



7,6lt8,7U9.96 



$11*3. 992. $92. i^l* 



79 



Components of Sliver Monetary Stock 

(Is millions of dollars) 



End of calendar 
year or month 



I93I*. 
1935- 
1936- 
1937- 
193s. 
1939- 
igw. 
19I+1. 
19112 



silver held in Treasury 



Securing silver 
certificates 1/ 



Silver bullion 



iglil-Deeeinber. 



igUa-January. . 
February. 
March. . . . 



April. 
Hay... 
June. . 



July 

August . . . . 

September. 



October . . . . 
November . . . 
December p. 



211.6 
576.9 
775-9 
938.8 

1.137.6 

1,298.2 
1.398.1 
1.476.1 
1,516.2 

1,476.1 

1,481.7 
1,1*86.2 
1,1*91.1 

1,1*96.9 
1.502.7 
1,505.8 

1.509-5 
1.511.7 
1.513.6 



1,515.0 
1,515.8 
1,516.2 



Silver dollars 



5O8.I* 

508. 7 

505-7 
503-7 
502.7 
1*99.0 
1*9!*. 6 
l*Sl*.l 

1*68.3 
l*gl*.l 
1*83.9 

1*83.1* 
1*82.7 

1*81.6 
1*80.2 
1*78.7 

1+77.0 

'♦75.5 
1+73.3 

1*71. 8r 

1*70.0 

1*68.3 



In Qeneral Tani 



Subsidiary 
coin 2/ 



Source: Daily Treasury Statement and Circulation Staten 
United States Money. 
p Preliminary, 
r Revised. 
• Less than $50,000. 



1*.2 

1*.2 

5-7 
5.'* 
3.5 
5-3 
2-3 
3.5 

8.8 
3.5 

8.0 
10.8 

11.9 

13-"+ 
lU.o 
13.0 

15-1 
19.5 

ll*.2 

13.5 

10.5 

8.8 



Bullion for 
recoinage 2/ 



8.8 
.2 
•3 

.2 



Bullion 
at cost 



Silver outside 
Treasury 



89.3 
262.7 
31*7.7 
1*28.6 

535-3 
616.0 
657-I* 
662.3 
627.8 

662.3 

663.0 
663.8 
664.2 

663.9 
662.5 
660.3 

657.2 
652.1 
647.2 

640.0 

63't.3 
627.8 



Silver 
dollars 1/ 



1/ Valued at $1.29-f per ounce. 
2/ Valued at $1.38-f per ounce. 



35-2 
38.4 
■♦1.3 
1+3-3 
44.4 
48.1 
52.5 
63.0 
78.8 

63.0 

63.2 
63.7 

64.4 

65.4 
66.9 
68.3 

70.1 
71.6 
73.7 

75-3 
77.1 
78.8 



Subsidiary 
coin 2/ 



305.3 
323-5 
350.4 
366.9 
372.8 
391* -1 
422.4 

'+93.5 

587.6 

'♦93.5 

1+93-5 
494.1 
496.9 

501.4 

509.7 
516.8 

524.3 
531.7 
51*8.1 

561.8 
575.7 
587.6 



Totel silver 
at $1.29 
per ounce 



1.279.7 

1,970.1 

402.3 

8O6.5 

346.8 
790.2 
060.0 

244.8 



l*. 297.1 

4,244.8 

4.257.1 

i+,267.5 
4,277.8 

4,289.2 

i+,30l.3 
4.306.0 

1+.311.9 
4,311.6 
4.314.3 

l+.308,7r 
4,302.0 
1*. 297.1 



silver of Specified Classifications Acquired by Mints and Assay Offices 

(In millions of ounces or dollars) 



Calendar year 
or month 



19 31+- 
1935- 
1936. 
1937- 
1938. 
1939- 
1940. 
1941. 
1942. 



1941-December. 

19 42- January. . 
February. 
March .... 



April. 
Hay... 
June. . 



July 

August . . . . 
September . 



October. . 
November . 
December. 



Newly mined domestic 1/ 



Ounces 



21.8 
38.0 
61.1 
70.6 
61.6 
60.7 
68.3 
70.5 
1*7.9 

5-8 

6.0 
"+.7 
5-1 

6.4 
7.0 
4.0 

5-5 
2.9 

2.5 

2.0 
1.2 

.5 



Dollars 



14.1 
27.3 

1+7-3 

42.2 
4o.l 
48.5 

50.1 
34.0 

4.1 

11 

3.6 

1+.5 
5.0 
2.8 



3.9 
2.1 
1.8 

1.4 
-9 
.4 



Nationalized 2/ 



Ounces 



110.6 
2.0 

.4 



Acquired at 64.64-f cents per fine oiince until April 9, 1935; «t 
71.11-f cents per fine ounce from that date until April 24, 1935; 
st 77.57-t- cents from April 23, 1935 to December 31, 1937; at 
64.64+ cents per fine ounce from December 31, 1937 to July 1, 
1939; and at 71.11-f cents since Jxily 1. 1939. 



Dollars 



55-3 

1.0 

.2 



Foreign ^ 



Ounces 



172-5 
494.4 
271.9 
241.5 
355-4 
282.8 
139-8 

72.6 

1U.3 

3.7 

u 

2.8 

3.2 
1.7 



Dollars 



86.5 
318.2 
150.3 
108. 7 
156.9 
120.5 
50-9 
27.1 

6.0 
1.5 

1.4 
1.4 
1.2 

1.4 
-7 



Total 



Ounces 



304.9 
531+ -3 
333-1+ 
312.2 
417.1 
31+3.3 
208.0 
143.1 
62.1 

9.5 

9-3 
8.1 
7.9 

9.6 
8.7 
4.0 

5-5 
2.9 
2.5 

2.0 

1.2 

• 5 



Dollars 



155.9 
31+6.5 
197.8 
163.3 
199-1 
160.6 
99.1* 
77.2 
40.0 

5.6 

4.8 
1*.8 

5-9 
5-7 
2.8 

3.9 

2.1 
1.8 

1.4 
■ 9 

.4 



2/ Acquired at 5O.OI cents per fine ounce. Ixecutive Proclama- 
tion of August 9, 1934. repealed April 28, 1938. 

J/ Acquired at various prices averaging approximately 51 cents 
per ounce. 



80 



Seigniorage on Silver 



(Cumulative from January 1, 193!* - In millions of dollarB) 



End of calendar 
year or month 



1935- 
1936. 
1937. 
193s. 
1939- 
19U0. 
19IU. 



19^2- January . ■ 
TBtruary. 
March 



April. 
Hay.. . 
June. . 



July 

Auguet. . . . 
Septemher . 



October. . 
HoTcmher . 
Oecemher. 



Seigniorage 

on ellTer 

and minor 

coins 



^■5 
18.5 

U6.1 

69.5 
91-7 

122.2 
182.1 

188. 5 
192.4 

195-3 
198.0 

20l*.0 

209.2 
213.0 

218.5 

225.8 
233.'* 

239.5 



Sources of seigniorage on silver hulllon revalued 1/ 



Misc. Oliver 
(Incl. silver 

■bullion held 
June lU. 193!^) 



1*8.7 
U8.7 
1+8.7 
1*8.7 
U8.7 
I18.7 
Us. 7 
1+8.7 
1+8.7 

1+8.7 
1+8.7 
1+8.7 

1*8.7 
1*8.7 
1*8.7 

1*8.7 
1*8.7 

1*8.7 

1*8.7 
1*8.7 
1*8.7 



Newly-mined 
sliver (Proc. 
Dec. 21, 1933) 



.U 
16.8 
36.0 
58.0 
7l*.9 
87.3 
87.6 
87.6 
87.6 

87.6 
87.6 
87.6 

87.6 
87.6 
87.6 

87.6 
87.6 
87.6 

87.6 
87.6 
87.6 



Bewly-mlned 

silver (Act 

July 6, 1939) 



Basis; Dally Treasury Statements. 

1/ These Items represent the difference between the cost value and 
the monetary value of sliver bullion revalued and held to secure 
silver certificates. 



1*.2 
25.7 
U8.3 
63.6 

50.2 

51.6 

53-3 

55-3 
57.5 
58.9 

60.6 
61.6 
62. U 

63.1 
63.1* 
63.6 



Silver Pur- 
chase Act 
of June 19. 
19 31* 



51.1 
226.2 
302.7 
366.7 

f^57.7 
530.7 
562.7 
580.1* 

581*. 3 
581. 3 

582.1 

582.9 

583.8 

581+.3 
581*. 3 

581*. 3 
58'* -3 
581*. 3 

58I+.3 
581*. 3 
581*. 3 



nationalized 

silver 

(Proc. of 

Aug. 9. 193"+) 



28.5 
3'*. 5 
31+. 7 
3'*.7 
3'*-7 
3t.7 
3'*.7 
3'*.7 
3l*.7 

3t.7 
3l*.7 
31*. 7 

3'*.7 
3U.7 
3'*. 7 

3U.7 
3l*.7 
3'*.7 

3"*. 7 
3'*.7 
3U.7 



Total 

seigniorage 

on silver 

revalued 



128-7 
326.2 
H22.1 
5O8.I 
616.0 
705.6 

759.'* 
799.7 

818. 9 

802.5 
8OI+.7 
8O7.2 

810.1 
812.8 
811+.2 

8I5.9 
8I6.9 
8I7.7 

818.1* 
818. 7 
818. 9 



Potential 

seigniorage on 

silver bullion 

at cost In 

General I\ind 

2/ 



132.6 

271*. 9 

397.5 

5I+I.6 

758.8 

950.6 

1,055.8 

I.O89.O 

1,01*8.2 

1,091*. 2 
1,096.3 
1.097.8 

1,096.5 
1.097.5 
1,095.5 

1,090.0 
1,085.5 
1.082.5 



1,068, 
1.060. 
l,0l*8. 



2/ The figures in this column are not cumulative; as 
the amount of bullion held changes, the potential 
seigniorage thereon changes. 



Silver Production, by Leading Countries 



(In thousands of fine ounces) 



Calendar year 
or aantli 



1933- 
193'*. 
1935. 
1936. 
1937. 
1938. 
1939. 
19U0. 
191*1. 



Total 

for 
world 



169.199 
190,398 
220,701* 
253.696 
27U.538 
267.765 
265,262 
273.681* 
26U,5535/ 



191+1-Hovember 18,352 

Decenber 21,196 

19l»2-Jajmary 21.368 

Tebmary 20,36l 

March 21.657 



American eountrlei 



United 
States 



April. 
May... 
Jons. . 



July 

August 

September. 



October . . 
Hoveober . 



I 
I 



22,821 
32.1*87 

1*5.613 
63.351 
71.299 
61.689 
63,872 
67,013 
69,128 

i*,631 
5,661 

i*.8ltl+ 
U,i+70 
5.285 

5,606 
l»,9i*8 

1*.528 

5.01*8 
5,1*12 

i*.56i 

3. 819 
3.292 



Canada 
2/ 



395 
565 

58U 
131 

826 

538 
816 
3U0 



1,681 

1.722 

1.538 
1,478 
1,606 

1.613 
l.62i+ 
1.537 

1.966 
1.505 
1.758 

1.870 
6/ 



Mexico 



68,101 
7i»,li*5 

81*. 681 
81,019 
75.871 
82,638 

78.362 

1*,1*29 

5.5^*8 

7.'*7l 
7.213 
7.211 



Peru 



Other 



Total 



I 
I 



6,761 
10,381 
17. '+33 
19,901 
16,991* 

20,1*21* 
18,802 
19,000 
17,0005/ 

1,000 
1,500 

1.300 

1,000 

1.300 

1,200 
1,300 
1,500 

1,1*00 
1.350 
1,1*50 

1,1*50 

6/ 



10,819 
10,091 

12,788 
16.539 
15,708 
15,869 
17.'*97 
16.925 
18,2625/ 

1.1+86 
1,61+0 

1.990 

1.580 

1.635 



Source: Annual Reports of the Director of the Mint for annual figures 
through 1939; releases of American Bureau of Metal Statistics 
for all later figures. 
1/ Breakdown by countries not available after 1939. 



I 
I 



1*1*. 261 
U5.73O 
51.538 
56,858 
61.725 
6U,939 
61*. 683 
61+, 292 
61,1*615/ 

5.125 
5.129 

'♦.625 

1*,620 
1*.620 



I 

I 
1^ 



Burope 



1U.769 
1U.89I 
17.19? 
19.704 
21.053 
22,71*7 
21,22U 



All other countries 1/ 



11.553 

11.^97 
12,1*31* 
13,19'* 

i'*.903 
15.0'*3 
15.'*17 



Japai 

2/ 



6.680 

7.863 

9.706 

11,670 

12,1*51 

13.115 
1U,015 



British 
India y 



6,080 
5,818 
5.850 
5.977 
6,205 
5,9'*7 
5.9'*3 



± 



Other 
Asia 



1,103 
1,179 
1,219 

1.733 
1.913 
2,1*51 
2,670 



U,076 

1+.722 

5.130 
4. 580 
5.200 
5.636 
5,'*!'* 



Includes Newfoundland. 

Includes Chosen and Taiwan. 

Includes Burma. 

Revised annual total not allocated monthly. 

Not yet reported. 



OTHER TREASURY STATISTICS 



gi - 



V ':* 



'l.» 



H\ 



82 



Balance Sheet of the Exchange Stabilization Fund 
As of June 30,1942 and September 30, 1942 



Cash: 

Treasurer of the United States, gold 

Treasurer of the United States, checking account... 
federal Heserre Bank of Hew York, special account.. 
DlsMrslng officers' balances and adrance accounts. 



Juno 30, ig'ta 



Total cash. 



Gold purchased from Union of Soviet Socialist Eapuhllce 
(agreement October 10. I9UI and January 3, 13i^2) 1/.. 

Special accounts of Secretary of the Treasury In 
federal Beserre Bank of New Tork: 

Special account Ho. 1, gold (Schedule l) 



Das from OoTsmnent of the Eepubllc of Cuba. 



Due from foreign banks (foreign exchange): 

Sw! BS franc s 

French francs 

Belgas 

Sterling 

Central Bank of China (secured deposits) 2/. 



Total due from foreign banks. 



$1,800 
1 
177 



Inrestments In United States OoTemment securities 
(Schedule 2) 



Accrued Interest recelTable (Schedule 2) 

Other accounts (deferred charges) 

Commodity sales contracts (deferred charges). 

Total assets 



Liabilities and Capital 



Accounts payable: 

Imployees' Pay-roll Allotment Account - United 

States savings bonds 

Vouchers payable 

Due to Union of Soviet Socialist Eopublics (agree 

oent October 10, igUl and January 3. 19'»2) 

Ml Bcellaneous 



Total accounts payable 

Capital account 

lamlnge less administrative expenses ( Schedule e 3 and 1+) 



Total liabilities and coital. 



,000,000.00 
,581,258.70 
,908,939.03 

leges.**? 



$1,979,501,213.21 



iU,358,HU9.oo 



7.936. 0U5.U7 



19 



232,629.79 

17.88 

505.06 

2,980.05 

.121. 925-3'* 



19.358.058.12 

10, 1*1*8, 723. 13 

9.730.73 

98U.77 
2,636.00 

$2.031,615,8140.1*3 



$ 376.89 
218.91 

2.U71.716.7'* 
1,500.00 



$ 2,1*73,812.51* 
2,000.000,000.00 

29.11*2,027.89 

$2.03i.6i5. 81*0. 1*3 



September 30, 19l*2 



$1,800,000,000.00 

l,526,62i*.i*9 

183,021*, 193.98 

7,72i*.55 



232.629.79 

17.88 

505.06 

2,980.05 

19,123,1*96.23 



$ 823.13 
169.15 

2.1*1*7.936.10 
3.179.96 



$1,981*, 558. 51*3. 02 

>*. 953. 792.53 
7.1*67,659.09 

5,012,680.10 



19.359.629.01 

10,141*8,723.13 

69,1*12.60 

866. I4I* 

2,636.00 
$2,031,873.91*1.92 



$ 2,1*52,108.31* 

2,000,000,000.00 

29.1*21.833.58 
$2.031,873.91*1.92 J 



Back rigurei : Annual balance sheets for the years I93I* through I9I4O 1/ 
may be found In the "Annual Haport of the Secretary of the 
Treasury for 19U0". Quarterly balance sheets commencing 2/ 

December 31, 1938 may be found In previous Issues of the 
'Treasury Bulletin'. 



Consisted of 91*1,053.551* ounces on June 30, 19l*2 and 
11*1,536.930 ounces on September 30, 191*2. 
Consisted of 65, 032,051*. 79 yuan as of June 30, I9U2 and 
65,037,397.26 yuan as of Septenber 30, 19l*2. Gold held as 
collateral amounted to $19,379,015.65 as of both dates. 



Schedules for Balance Sheet of the Exchange Stabilization Fund 

Schedule 1 

Location of gold held by and for account of the hchange Stabilisation fund 1/ 



Location 



lederal Reserve Bank of Hew Tork. 
U. 3. Assay Office, He» Tork 



Total. 



June 30, 191*2 



Ounces 



3.939.5'*3 

222,80l*.6l2 
226,7^.155 



1/ bcludes gold hsld by Treasurer of the United States and gold 
purchased from Union of Soviet Socialist Republics. 



Dollars 



$ 137,88U.01 
7,798,161.1*6 



$7,936.01*5.1*7 



September 30, 19I+2 



Ounces 



78, 831*. 559 
I3i*,527.i26 

213,361.685 



Dollars 



$2,759,209.56 

u, 708,1*1*9.53 

$7.1*67.659.09 



83 



Schedules for Balance Sheet of the Exchange Stabilization Fund - (Continued) 

Schedule 2 

tJhlted States OoTerniient .eeuritlee held by the txcbaage Stabilization l^lnd 











" 










leraa 




June 30, 191*2 


September 30, 191*2 


race 

Talue 


Cost 


ATera«e 
price 


Accrued 
interest 


Face 
Talue 


Cost 


Average 
price 


Accrued 
interest 


2-lfki Treasury bonds. I95I-53.. 
2-3/1*^ Treasury bonds, 1958-63.. 
2-3/U)t Treasury bonds, 1960-65., 

Total United States OoTemasnt 
••curltles 


$10,000,000 

50,000 

1*02.000 


$10,000,000.00 

1*9.61*0.63 
399.012.50 


100.0000 
99.2813 

99.271*3 


$9,221.31 

56.35 

1*53.07 


$10,000,000 

50,000 

1*02,000 


$10,000,000.00 

1*9,61*0.63 

399.082.50 


100.0000 

99.2813 

99.271*3 


$65,778.69 
1*01.98 

3.231.93 


$10,1*52.000 


$io,i»i»«,723,i3 




$9,730.73 


$10.1*52.000 


$10. i*it«, 723.13 




$69.Ui2.6o 





Source 



Schedule 3 

lamincs of the behanca Stabilization fund 



Profits on Brlti sh sterlinc trassactloas 

Profits on Prench franc transactions 

Profits OB (Oil bullion (inoludin* yrafits from handlli* eharces en fold). 

Profits en sllTsr transaotioas 

Profits on sals of silrer bullion to Treasury (aatieaalizad) 

Profits en InTsstaaats 

Intaratt ea lavestaaats 

Misoellaaeous prsfi ts 

Interest sarasd ea forelfa balaaoas ^ 

Interest earned en Chinese yuaa 



Total eamlncs. 



January 3I, 1931* thrcugh 

June 30, igUe 



$ 310,638.09 

351.537.99 

19.91*8,590.50 

105.371.27 

3.1*73.362.29 

1.019. 326.1* 

3.711.009.11* 

1*73.71* 

123.888.59 

I.8UI. 337.32 

$30,885,535.11 



January 3I. 193I* through 
September 30. 191*2 



$ 310,638.09 

351.537.99 

20.165,373.57 

105,371.27 

3.1*73.362.29 
1,019,326.18 
3.770.691.01 
'*73.7U 
123,888.59 
1,913.691.58 

♦31.231*, 351*. 31 



II 

.5 n 



'M 



Schedule 4 

AdalnlstratlTe •:9eases of the Ixohaage Stabillsatien ^lnd 



OlassifieatioD 



Salaries 

Trayel 

Subsisteaoe 

Telephone aad tslofraph. 

Stationaiy, etc 

All other 



Total adainistratlTe a:;ieassi. 



January 31, I93I* through 
June 30, 191*2 



$1,151,157.10 

61.553.90 

>*5. 910.27 

335.665.52 

17.765.20 

131.1*55.23 

»1. 71*3. 507.22 



January 3I. 193I* through 
September 30, I9U2 



$1,210,01*2.62 
62,803.63 
1*8,020.79 

31*1.222.57 
17.835.1*1* 

132.595.6s 

$1,812,520.73 



Sk 



Net Capital Movement to the United States, 1935 through September 1942 

In thousands of dollars. Net capital outflow (-) 



?erlod 



Calendar year: 

1935 (Jan. 2. 1935-Jan. 1. 1936)- • 

1936 (Jan. 2. 1936-De=- 3°, 1936)- ■ 

1937 (Dec. 31. 193&-De=- 29. 1937)- 

1938 (Dec. 30. 1937-Dec. 28. 1938)- 

1939 (Dec. 29. 1938-J»n. 3. 19'W). 

I9U0 (Jan. U, igltO-Dec. 31. l^'tO). 
19U1 (Jan. 1. 19ltl-Dec. 31. 19'*l). 
I9U2 (Jan. 1, 19l*2-Sept.30, 19^2)- 

Total (Jan. 2. 1935-Sept.30v 19>*2). 



Months: 

19U1- September (Sept. IwOct. l).. 

October (Oct. 2-Oet. 29).. 

Sovember (Oct. 30-Dec. 3)" 

December (Dee. U-Dec. 31). 

19U2-Januery (Jan. 1-Jpn. 28). 

febniary (Jan. 29-reb. 25). 

March (leb. 26-Apr. 1). 

April (Apr. 2-Apr. 29). 

H19 (Apr. 30- June 3). 

iva* (June U-June 30). 



July 

Aocust. ... 
September. 



Het capital 
movement 



l.'+12,U86 

1.195.922 
801,915 
1*15.256 

1.195.635 

706. 38O 
-U96,923 

U2U,252 



Analysis of net capital moTement 



Movement In 

short-term 

banking funds 



5. 65"*. 923 



96it,629 
397.3'*2 
255. 53^ 
331.268 
1.132.383 

852,928 
-286,622 

'*23,3iU 



It, 070. 836 



31.980 



Rotei The weWy series of capital movement data through July 1. 19^2 
ha. been superseded by a revised monthly series commencing with 
July 1 19>t2. Tor an explanation of the adjustment made to 
eliminate the duplication In the two series resulting from the 



25.939 



-7.036 


-8.728 


128,919 


-131*. 220 


ll|8,628 


-159,300 


-66,927 


-71*, 305 


-911,698 


-88.565 


13.71*5 


19.020 


227.185 


232,238 


103,821 


100.712 


81,881 


81,602 


1*7,282 r 


58,078 r 


57.31*5 r 


U8,Ul3 r 


55.018 


U6,121 



Movement in 
brokerage 
balances 



Movement In 

transactions 

in domestic 

securities 



6,039 
6,811 

3U,687 

31* 

32.990 

20.358 

-1*9 
6.607 



107. U77 



-??8 
-?62 

387 
-158 

1.175 

-59 

2.297 

-370 

61*0 

1,692 

-2.593 

251 

3.57I* 



316.660 
600.693 
2ltU,626 

57,196 

-85,1*27 
-2U5,062 

-261.955 
19.390 



faU6,121 



6.956 

-2.153 

-838 

6.238 

U,26U 
-U,782 

-1.329 
1.687 

2.1*58 

2,961 

1.303 

9.1*27 
3.1*01 



Movement In 
transactions 
In foreign 
eecuritles 



125,158 
191,076 
267,002 
26.758 
115,689 

78,156 

51.703 

-25.059 



830,1*89 



-627 

1+.107 

5.752 
i»,592 

1.939 
-1,292 
.6.6U3 

-6.370 

11 

-U.37I* 

-9. 506 
-71*6 
1,922 



overlapping of one day, see the "Treasury Bulletin" for 
October 19^2, page 78. 
r Revised. 



Bulletin of the Treasury Department, February 1043 
Cumulative Table of Contents 





lera* end page auaber ] 


19U3 


19I« 


Peb. 


Jan. 


See. 


ler. 


?«t. 


Sept. 


Aug. 


July 


Jaaa 


•tay 


Apr. 


Mar. 


I. Spaolal artlela* 

Sales of United State* Ooremment lecurlttai Id Oeesaber 19>»2, elaeetftad 
I17 type of Inveetor 




2 
3-6 

7-8 










1 












niTldende recelred by corporation*, Indlrldnal*, and ndaelorlea, I936... 
latate t&x rate* and tax liability In the l!n.lt«d State*, ttalted 

Kln«don. and Canada 










































Indlrldoal Ineone tax rate* and tax liability In tbo United State*. 
United Iln^dom, and Canada 


7^75 
75 






^ 














IndlTldo&l Ineone tax rate* In the United Statee, (eleeted taj»bl* 
year* . igiS-igUZ 
























Coaparlaon of rarlcu* feature* of Trea*ni7 eeenrltle* enrreatly 

offered to the public 










22-23 

71-73 














Prellmlsary asalyel* of taxable excee* profit* tax return* for I9U1 

filed through July 3I, 19U2 
























United State* OoTernnent Intereet-bearln^ public debt aatetaadiac 

during World War I 
















21-22 








Taxable corporation income tax return* for I9U0 filed thzouch 

December Jl, I9U1 




















68-71 

2 

3 


2 

3 


II. SuBDary of fleesl *tatl*tlc* 

Bud^t receipt • and expenditure* 


2 


10 


2 


2 


2 


2 


2 


2 

3 


2 

3 


2 

3 


Debt out•tand^l^•f: 

Public debt 


Pablle debt and guaranteed obligation* 


3 
3 

7 
7 

8 

8 

9 
9-10 

11 

12 

11 
lU 

15 

i? 

16 
19 

20 


U 
11 

13-lU 

15 
15 
16 
16 

17 
17-18 

19 
20 

21 
22 
22 

23 
23 
23 

2U-25 


3 

3 

5-6 

7 
7 
8 

8 

9 
9-10 

11 

12 

\l 

lU 

15 
15 

15 

16 

16-17 


3 
3 

5-6 

7 
7 
8 
8 

9 
9-10 

11 

12 

i^ 

lU 

15 
15 
15 

16 

16-17 


3 
3 

5-6 

7 

7 
8 
8 

9 
9-10 

11 

12 

11 
lU 

15 
15 
15 

16 
16-17 


3 

3 

5-6 

7 
7 
8 
8 

9 
9-10 

11 

12 

11 
lU 

15 
15 
15 

16 

16-17 


3 
3 

5-6 

7 
7 
8 
8 

9 
9-10 

U 

12 

11 
Ik 

15 
15 
15 

16 

16-17 


Mean* of financing ca*h reqiulrement* 


3 

5-6 

7 
7 
9 
8 

9 
9-10 

11 

12 

11 
).^ 

15 
15 
15 

16 

16-17 


3 

5 

6 
6 
7 

7 

8 
»-9 

10 

u 

12 
13 

13 

lU 
lU 
lU 

15 
15-16 


3 


3 


3 


< 
III. Beeelpt* and expenditure* and appropriation* 

jLpproprlatlon* and net contract authorlcatloa* for the var aetlTltle* 
program a* of month-end preceding month of publlcatlen 


Budget receipt* and expenditure*: 

Summary by major ela**lflcatlon* 


5 

i 
6 

7 
7-« 

9 
10 

U 
12 

12 

13 
13 
13 

ll» 
lU-15 


5 

I 

6 

7 

9 
10 

11 

12 
12 

13 
13 
13 

lU 
lU-15 


5 

i 

6 

7 
7-8 

9 
10 

11 
12 
12 

13 
13 
13 

lU 

lU-15 


Inalysl* of receipts from Internal reremi* 


Analyel* of general expenditure* 




inaly*ls of expenditure* for (l) rerolTlng ftand* aad (2) trantfer* 
to tru*t account*, etc 


Total budget receipt* and expenditure*, by month* . for reeeat year*.. 

Beeelpt* *£id *xpendlture* for tm*t account*, iaersaent ea ftld, etc 

Kean* of financing ca*h requlrenent* beginning 1933 


Social Security program: 

Budget receipts and expenditure*: 


Sallroad Betlrement Act 


Ballroad Unemployment Ineurance lot 


Statement of truet account*: 

redaral Old-Age and SurvlTor* Insurance truet Aud 




Unemployslent Tm*t I^ind 


Ca*h Income and outgo of the Treaeury: 

Analysis by major classifications 


Total cash income and outgo, by monthe beginning vlth: 

January 1936 


January 1938 


Assets, liabilities, and balance In General had 


27 
28 


19 

20 


19 

20 


19 
20 


19 

20 


19 
20 


19 
20 

22 


18 
19 

?3 


17 
18 

20 


17 
18 

20 


17 
18 

20 


Analysis of change* In balance of Qeneral Ibnd 


V. Public debt out*taading 

D*bt out*tandlng, cla**lfled by type of leeneei 

Public debt 


Public debt and guaranteed obligation* 


22 
23 
23 


30 
31 
31 
32 


22 
23 
23 


22 
23 
23 
2U 


22 
23 


2U 
25 


22 
23 
23 


Compodtlon of the public debt 


22-23 

1*1 


23-2l» 
U2 


20-21 
39 


20-21 
1*0 


20-21 
28 


deoelpts and expenditures on account of public debt 


Composition of the public debt and guaranteed oblicatlens 


2l| 96.1 


1 




1 






1 





M 






(CentlBiied en fttllevlag page) 






Bulletin of the Treasury Department, February 1943 
Cumulative Table of Contents - (Continued) 



I«itt« and pace ooabar 



191*3 



Teb . Jan 



191*2 



Sac. Hot. Oot. Sapt. lag. Jnly June Maor ^pr. Har 



T. Public debt outstanding (continued) 

Debt position of the United States under limitations Imposed by 
Section 21 of the Second Liberty Bond Act, as amended: 

Mareb 31 , igUS 

Juae 30, 191*2 

September 30, iql*2 

December 31. ^3^2 



Computed rate of interest on the debt: 

Public debt 

Public debt and guaranteed obligations 

Maturity schedule of interest-bearing public marketable eacurltlae 
issued or guaranteed by the United States, as of month-end 

preceding month of publication 

Offerings of marketable issues of Treasury bonds, notes, and 
certificates of indebtedness beginning with: 

January 1, 1938 

January 1, I939 



Offerings of Treasury bills beginning with: 

lebruary 1, I9I1I 

March 1, I9UI 

ipril 1, 191*1 

May 1, 191*1 

June 1, 191*1 

July 1, 191*1 

August 1 , 191*1 

September 1 , 191*1 

October 1, 191*1 

KoTember 1, I9U1 

December 1, I9UI 

January 1, 191*2 



Sales of United States saTlngs bonds: 

Summary, by series 

Sales reported by series, classified by denomination 

Sales reported by series, classified by type of purchaser 

Sales reported by series, classified by States 

Participation in payroll savings plans for United States savings 
bonds 



Sales of United States savings stamps: 

Summary .,... .......>....• ••..,•.•••>•..•■* 

Oross sales, classified by denomination 

fiedemptlons, classified by means of payment 

Oross sales, classified by States 

Sales of tax series Treasury notes: 

Summary, by series 

Sales reported by series, classified by denomination 

Sales reported by series, classified by type of purchaser. 
Redemptions by series, classified by means of payment 



71. Ownership of Oovemment securities 

Summary distribution, by holders, of seeorltles Issued or guaranteed 

by the United States 

Market transactions in Oovernment securities for Treasury investment 

accounts, monthly beginning January 1937 



Summary data from Treasury survey of the ownership of Oovernment 
securities: 

January 3I. 191*2 

Tebruary 28, 19U2 

March 3I, 191*2 

April 30, 191*2 

May 31 , 191*2 

June 30, I9U2 

July 31, 191*2 

August 31, 191*2 

September 30, 19U2 

October 3I, 19U2 

Hovember 30, 19l*2 

Dac«»bar 3I, 19l*2 



21* 



22 



25 



26-27 



33 
35-36 



25 



25 



26-27 



25 



26-27 



26 



27-28 



1*1 



1*2 



39 



1*0 



28 



27 



28-29 



25 



26-27 



25-26 



25-26 



22-23 
2l* 



37 



28 



28 



29 



30 



28 



27 



27 



23-2I* 
25 



22-23 
21* 



26 



25 



28 



25 



28 



29 

30-31 
32 



38 



29 



29 



30 



31 



29 



39-»w 
Ui 



30-31 
32 



30-31 
32 



33-3'+ 
35 

5f 
36 
37 

38 
39 
1*0 
1*1 



1*2-1*3 

1*1* 

^3 

'*5 
1*6 

1*8 

t9 
50 



33-3'* 
35 

36 
37 

38 

39 
1*0 
1*1 



33-31* 
35 

5f 

5f 
36 

37 

38 

39 

1*0 
1+1 



31-32 

II 
35-36 

37 

38 
38 
38 
39 

1*0 

1*1 

1*2 

U3 



32-33 

3't 

36-37 
38 

39 
39 



30-31 
32 
33 

3'*-35 

36 



29-30 
31 
32 

33-3't 



29-30 
31 
32 

33-35 



26-27 

28 

29 

30-32 



27-28 
29 
30 

31-33 



26 



j-.; 



i*i*-l*9 



53-58 



i*i*-i*9 



iti*-U9 



U6-51 



'*7-52 



1*5-50 



i*i*-l*9 



1*5-50 



1*2-1*7 



1*3-1*8 



30 
30 

31-36 



(Continued on following page) 






Bulletin of the Treasury Department, February 1943 
Cumulative Table of Contents - (Continued) 



711. Prleai and yield* of OoTerna«at i«cmrltl«» (inelttdln^ ■»ourltl»» 
ItBued by TedTal i<«nel»« ) 

Orar-the-coontar cloals^ quotatlonc and price hlitory for puMle 
Bafkatable lecurltlee leeued by the U. S. OoTerBaant asd by 
7aderal a^nelaa, a* of: 

The 13th of the aonth of pablleatlom 

The Bonth-end preceding aonth of publication 

Chart ahovlng yield* of Indlrldoal l**uaa of Treaaury bomda and 

sotea 

Arera^ ylelda of le&s-tana Iraaaiiry bond* aad hlgh-crada corporate bond* 
beglnolne with: 

January 193^^ 

January 1935 



Till. QoTemnent eorporatlona and eradlt a^anelaa ef the Onttad Statea 
Xasats and llabllltlea and proprietary lataraat: 

January 31, I9I+2 

rebruary 28, 19ll2 

March 3I, I9U2 

April 30, 19lt2 

Mar 31. ^3^2 

Jon* 30, 191+2 

July 31, 191+2 

Auguat 31, 1942 

Septaaber 30, 19l*2 

October 3I, I9I12 

HoTember 30, l^HZ 

Deceaber 3I, ISkZ 

Source* aad u*e* of fund*: 

Tlacal year to data 

Trom inception of organization.,., 

Aaount of obllgatlona outatandine c<iaranteed by the Oaited Statea, 
by a^encia* 



financing operatlona in aecuritiaa cuaranteed by the United Statea, 
beginning with I93I* 



IX. Internal raTanue atatlatica 

Collectiona of internal rcTeaua: 

SuxBary data 

CoaparatlTe detaila for current perieSa. 



caamlatlTe to: 



X. Gold and ailTar atatlatica 

Qold aseeta and liabilltie* of the Treaaury.,...'.. 

laerenent fron reduction in wai^t of gold dollar, 

December 31, I9I+I 

June 30, ISkZ 

September 30, 19U2 , 

December 3I, 19H2 .- 

Tceaaury gold receipts, for recent quarterly period* 

Menetary etoclc* of gold and *llT*r 

Component* of ailver monetary atock 

Silrer of apecifiad claaalflcatlons acquired b^ mtnte and aaaay offlcaa. 

Seigniorage on allrar, by typaa 

Silrer production, by eountriea 



XI, Other Treaaury atatlatica 

Balance aheet of the Ixehange Stabllliatlon Tund: 

December 31, 19lil 

March 3I, 191*2 

June 30, 191*2 

September 30, 19l*2 

Capital morementa between the United Statea and foreign countrlaa: 

Summary tablaa for the calendar year 191*1 

CuBulatlTe aummary for period beginning 1935: 

Het capital morement between the United State* and foreign 
eountriea 

Detaila by weeka 

Commodities imported under quota proTlaiona 



I (Sue and page number 



I9U3 



I^b. Jan 



51-53 
5^ 



55-56 



58-59 

60-61 
62-63 



65-66 
67 



69 



73 



60-62 
63 

6U-65 



67-68 



69-70 
71-72 

30 



7't-75 
76 



78 



78 



82-83 



8U 



191*2 



Dec. Hot. Oct. Sept. Aug. July June May Apr. Mar 



51-53 
5^ 

55-56 



58-59 



60-61 
62-63 



65-66 
67 



69 



69-70 
71 
71 
72 
72 



76 



51-53 



51* 
55-56 



58-59 



60-61 
62-63 



65-66 
67 



69 



69 



69 
69-70 
71 
71 
72 
72 



7U 



53-55 



56 
57-58 



60-61 



62-63 
6U-65 



67-68 
69 



71 



5i*-56 



57 
58-59 



61-62 



63-6I* 
65-66 

21* 



71-72 

73 
73 
7"* 
7'* 



76-77 



78 



68-69 
70 



75 



75-76 
77 
77 
78 
78 



52-5'* 



55 
56-57 



59-60 



61-62 
63-6I* 



66-67 
68 



70 



70 



70 
70-71 
72 
72 
73 
73 



75 



51-53 



55-56 



58-59 



60-61 
62-63 

61+ 

6U 



66-67 
68 



70 



70-71 
72 
72 
73 
73 



75-76 



77 



52-5'+ 



55 
56-57 



59-60 



61-62 
63-6I* 

65 

65 



67-68 
69 



71 



71-72 
73 
73 
7'» 
7U 



76 



1*9-51 



52 
53-5^+ 



56-57 



58-59 
60-61 



6lt-65 
66 



68 



68 
68-69 
70 
70 
71 
71 



73 



50-52 



53 
5'*-55 



57-58 



59-60 
61-62 

63 

63 



65-66 
67 



73 



73-71* 
75 
75 
76 
76 



78-79 



38-Uo 



1*1 

1*2-1*3 



U5-U6 



U7-U8 
1+9-50 

51 

51 



53-?+ 
55 



77 



77-78 
79 
79 
80 
80 



61-62 

63-61+ 

65-75 
57-99 



M 



'} i 




■ /<; 



Note: 



In tables in which It Is Indicated that the figures are rounded 
the total shovm. 



to a given unit, the details will not necessarily add to 



My 



SUMMARY OF FISCAL STATISTICS 



-1- 



* H- 




Budget Receipts and Expenditures 

(In ■lllloM of dollars) 



Intem&l raTann*: 

Ineoa* and profits tkxM Zj 

bploTmant tax** 

Hlieollanaoo* Intamal raranna j/. 

Coatoaa 

Othsr rscalpti 



fotkl raealpti 

Lata: 

AaoTUta tranafarred to faderal 01d-Ae« 
and SarrlTorB Inaurance Trait Tlud kj . . 

Poat-var credlta for excaaa-proflta tax, 
Tlctory tax, ate 



rirat 7 Bonthi, 
flieal /aars I9I1I to I9U3 



I9I4I 



1.103 
U61 

1,726 
192 
125 



3.607 



let racalpta 

Izpandltnret: ^ 
War actlrltlea: 

War Department 

Ha77 Departnant 

Mlieallanaoai war aotlvltiea. 



Total war actlrltlea. 



Veterana' Admlnlatratlon 6/ 

Pabllc Worka Jj 

lid to a«rlcttlture 8/ 

Social Security program 10/ 

Direct and work relief: 

Work Projects Administration and 

National Touth Administration 11/ 

federal Aiiergencjr Belief Administration 

and ClTll Works Administration 

ClTlllan Conservation Corps 

Interest on the public debt 

Other 12/ 



3t3 



19U2 



1.957 
577 

2,270 
239 
1U9 



5.193 



i+Ug 



3.264 



1,235 
1.087 

128 



Total expenditures 5/. 
Bet budget deficit 5/... 



2,1*51 

322 
U95 
999 

379 



79U 



158 
516 
539 



i*,7UU 



191*3 



5.238 
720 

2.769 
161* 

231 



9.122 



56U 



Qhanga 

191*2 

to 

191*3 



+3,281 
■••11*3 

•0*99 
-75 
•^82 



+3.929 



■m5 



8,558 



5.817 
3.337 
1.215 



2l*,032 

9.500 
1*.528 



10,369 

321* 

1*25 

729 

l*Ul 



611 
116 

557 
538 



6,252 



2.987 



38.061 

353 

31*9 
631* 
52I* 



2l*2 



-1* 
771 
51*8 



■'■3.811* 



•H8,215 
+6,163 
+3.313 



lU.lll 



9.367 



1*1.1*79 



32.921 



+27,692 

+29 
-76 
-95 
+83 



-369 



-120 

-^^ll* 

+10 



Source: 
1/ 

i 

!t/ 
5/ 
6/ 

1/ 



Complete flaoal years, 191*0 to 191*1* 



Actual 



191*0 



2.125 

833 

2.3't5 
31*9 

273 



5.925 



19U1 



3. ■♦70 
925 

2.967 
392 
515 



8.269 



538 661 



5.387 



667 
891 
99 



+27.368 



+23. 55^* 



1.657 

557 

950 

1.599 

513 



1.572 

1 

283 

1.0l*l 

866 



191*2 



7.960 

1,186 

3. 81*7 

389 

286 



13,668 



Xstlmated 1/ 



869 



7.607 



12.799 



3.678 

2.313 

310 



6,301 
563 

738 

937 2/ 
588 



1.371* 



8.998 



3.611 



257 

1,111 

81*1 



12.711 



5.103 



ii*,070 

8,580 
3.362 



26,011 

556 

680 

1,225 

659 



970 
163 

1,260 
873 



32.397 



df 



19.598 



191*3 



191*1* 



17.571 

1.1*62 

i*.5l6 

253 

751 



21*. 552 



1,076 
500 



22.976 



27.6U5 
1.971 

i*.936 
20I* 
651 



35. 'W7 



Change 



Actual 

191*2 to 

estimated 

191*3 1/ 



+9.6U 
+276 
+669 
-136 

+1*65 



+10, 8gl* 



1.525 
800 



33.081 



1*1*. 000 

17.500 

12.500 



Dally Treasury Statements, except as noted. 8/ 

Isti mates as shown In the I9UI* Budget. Does not Include pro- 
posal for $16,000,000,000 additional funds from new legislation 
for the fiscal year igUl*. 

Includes unjust enrichment tax and Tlctory tax. 

Includes chiefly alcoholic beverage taxes, tobacco taxes, mann- 2/ 

facturers' and retailers' excise taxes, and estate taxes. 
Tor explanatlona, see tables In next ch^ter on Social Security 10/ 

program. 

Excludes expenditures for public debt retirements which are charge- 
able to the sinking fund, eic. under special proTlslone of law. 11/ 

Includes expenditures classified as transfers to trust accounts, 
etc., for the Adjusted Senrlce Certificate rand and the National 12/ 

Serrice Life Insurance Tund. 
Includes Pabllc Works transactions classified aa BeTolTlng Funds (net J. 



7U.OOO 

617 

666 

l.ll*2 

755 



300 

16 
1.850 

1.086 



80.1*32 



57.1*56 



62.000 

22,000 
13,000 



97.000 

885 

U03 

1.015 

786 



3.000 

1.035 



♦207 
•f500 



+10,177 



+29,930 
+8,920 
+9.138 



10l*,12l* 



71,01*3 



■*J*7,989 

+61 
-lU 
-83 
+96 

-670 

-11*7 
+590 

+213 



+1*8,035 



+37.858 



Istlmated 

191*3 to 

astlmated 

191*1* 



♦10,07U 
+509 

•fUao 

-U9 

-100 



+10,855 



+1*1*9 
+300 



+10,105 



+18.000 

♦i*,500 
+500 



+23.000 

•^268 
-263 
-127 

+31 

-300 

-16 

+1,150 
-51 



+23.692 



+13.587 



Includes Aid to agriculture transactions classified aa SevolTlng INinds 

(net), expenditures of the Department of Agriculture classified aa 

Departmental In the Dally Treasury Statement, and Agricultural 

Marketing Administration transactions classified as transfers to 

trust accounts, etc. 

Bepresents gross expenditures of $1,252 millions less repayments of 

U. S. InTestmente in capital funds aggregating $315 millions. 

Includes expenditures classified as transfers to trust accounts, etc. 

for the Bailroad Eetirement Account and the Railroad Unemployment 

Insurance Administration I\ind. 

Beginning July 19l*2 expenditures for National Youth Administration 

are shown under War activities. 

Includes departmental expenditures not otherwise classified and 

expenditures classified as transfers to trust accoxints, etc., for 

Oovemment employee retirement and insurance funds. 






Public Debt and Guaranteed Obligations Outstanding 

(In millions of dollars) 



SecuritieB Issued by the United States 



Interest-bearing debt: 
Pablle Issues: , 

Marketable 

Non-marketable 

Tota.! public Issues 

Special Issues 

Total Interest-bearing debt ■ 



Matured debt and debt bearing no 
Interest 



Total public debt outstanding. 

Securities guaranteed by the 
Pnlted States 3/ 

Interest-bearing debt: 
Public issues: 

Marketable 

Son-marketable 



Total interest-bearing debt 

Matured debt 

Total guaranteed securities outstanding 



Total public debt and guaranteed 
securities outstanding. 



End of first 7 months 
fiscal years igl+l to I9U3 



Jan. 31, 
I9UI 



36,276 
3.619 



39.895 
5. 1*26 



'♦5.320 

557 
'*5.877 



5.901 

5.901 

il* 



5.915 



51.792 



Jan. 31, 

191*2 



1*2,271 
10.196 



52.1*68 

7.063 


59.531 

1*81 


60,012 



5.673 



5.673 

33 



5.705 



65.717 



Source: Daily Treasury Statement, except as noted. 

1/ Based ttpon estimates as shown in the igl*!* Budget. 
2/ Details not available. 



Jan. 31, 
191*3 



77.1*96 
23.356 



100.852 
9.172 



110,021* 
l,0l*5 



111,069 



i*.196 
gi 



'*.277 
lU 



i*.29l 



115.361 



Change 
Jan. 31. 

191*2 to 
Jan. 31, 

19'*3 



+35.225 
+13.160 

+1*8.381* 

+2.109 



+50.1*93 
+56U 



+51.057 



-i.'+77 
+81 



-1.396 
-19 



-l.Ull* 



+1*9.61*1* 



Ind of fiscal years, I9U0 to I9UI* 



Actual 



June 30. 

191*0 



3i*.i*36 
3.166 



37.602 
'*.775 



1*2.376 
591 



1*2.968 



5.1*98 



5.1*98 
31 



5.529 



1*8.1*96 



June 30, 
191*1 



37.713 
'*.555 



1*2.267 

6.120 



1*8.387 

571* 



1*8.961 



6,360 



6.360 
11 



6.370 



55.332 



June 30 
191*2 



50.573 
13.510 



61*. 083 
7.885 



71.968 
1*51* 



72.1*22 



i*,5i+9 



76,991 



Estimated 1/ 



June 30, 
I9U3 



131*, 830 



3,910 



138,71*0 



June 30, 
191*1* 



210, 51*9 



1.195 



211,71*5 



Change 



Actual 
June 30, 191*2 
to estimated 
June 30. I9U3 






1/ 
1/ 



2/ 

2/ 



+62.1*08 



2/ 



2/ 
2/ 



-658 



■t-61 . 71*9 



Estimated 
June 30, 191*3 
to estimated 
June 30. 191*1* 



2/ 



2/ 
2/ 



2/ 

2/ 



+75. 719 



2/ 



2/ 
2/ 



-2.715 



+73.005 



~27 Excludes guaranteed securities which were sold directly to the 
Treasury. 



Means of Financing Cash Requirements 

(In millions of dollars) 





First 7 months 




Complete fiscal years. I9U0 to 191*1* 


fiscal years 191*1 to 191*3 


Actual 


Estimated 1/ 


191*1 


191*2 


191*3 


191*0 


I9I+I 


191*2 


I9U3 


I9UI1 


Amount required to be financed: 

Net budget deficit 2/ 

Net increase in General Fund balance 

Net expenditures in trust accounts, 
increment on gold. etc. 2/ 

Total amount required to be financed 

Means of financing: 

Increase in public debt 

Net decrease in General Tlind balance .... 
Net receipts in trust accounts. 

increment on gold. etc. lj 

Total amount financed 


2.987 

131* 


9.367 
317 

1.366 

11.050 


32.921 

'*.732 

993 

38.61*7 


3.611 


5.103 
71*2 

ll+g 


19.598 
358 

3.506 
23.1*61 


57,1*56 

5.053 
62.510 

62,1(08 
102 


71.01*3 

'+.739 
75.782 


3.121 


3.611 


5.99"+ 
5.991* 


2.909 

212 


11,050 


38.61*7 


2.528 
91*7 

136 
3.611 


23.1*61 


75.719 

63 


3.121 


11.050 


3.8.61*7 


5.99'* 


23. '+61 


62.510 


75.782 





1/ Based upon estimates as shown in the igl*!* Budget. 
2/ Excludes amounts for public debt retirements which are charge- 
able to the sinking ftind. etc. under special provisions of law. 



"^ Comprises trust accounts, checking accounts of Government agencies, 
etc.. Increment on gold, seigniorage on silver, and mlecellaneous 
funds and accounts. Increment on gold excludes expenditures for 
national bank note retirements. 



m 




RECEIPTS AND EXPENDITURES 

AND 
APPRO PRI AT IONS 



-K 



p 
"i^', %,«'*- 



Data 
aooroved 



Mar. 25. 19U0 
Apr. 18, igltO 
May lU. 19U0 
June 11, iglfO 
June 13. 19U0 
June 18, I9U0 
J\ine aU. 19U0 
June 26. 19UO 
June 26, 19UO 
June 27. I9I4O 
July 18. igUO 
July 19, 191*0 
Sept. 9, 19U0 
Sept.2U. 19U0 
Oct. 8, I9UO 
Oct. 9, igUo 
Oct. Ik. 191*0 



Jan. 31 


ig"*! 


U 


Fet. 6 


ig"*! 


5 


Pel). 13 


igi+i 


6 


Mar. 1 


191*1 


9 


Mar. 17 


19U1 


13 


Mar. 27. 


191*1 


23 


Apr. 1. 


191*1 


25 


*pr. 5. 


191*1 


28 


Apr. 5, 


191*1 


29 


May 6, 


191*1 


1+8 


May 23, 


191+1 


71 


May 2U, 


191*1 


73 


May 31, 


19U1 


88 


June 28, 


191*1 


135 


June 28, 


191*1 


136 


June 30, 


191*1 


139 


July 1, 


19U1 


11*6 


July 3, 


I9itl 


150 


Aug. 35. 


191+1 


2l*7 


Oct. 28, 


191*1 


282 


Cec. 17, 


191*1 


353 


Dec. 23, 


191*1 


371 



Appropriations and Net Contract Authorizations for the War Activities Program 

As of January 31, 1943 v 



Public 
Law No. 



Title of act 



76th Congress. Third Session 



Ul+2 
1+59 
5O8 
588 
611 
6U0 
653 
667 

88 2/ 
568 

9U2/ 
757 
781 

99 2/ 
800 
812 

106 2/ 



Treasury Department Appropriation Act , 19I+I 

Independent Offices Appropriation Act , 19U1 

Department of Justice Appropriation Act, I9U1 (Title III) 

Kavy Department Appropriation Act, 191*1 

Military Appropriation Act, 19U1 

Interior Department Appropriation Act, I9I+I 

War Department Civil Appropriation Act, igl+l 

Civil Activitiea National Defense Appropriation Act, I9UI ,.... 

anergency Relief Appropriation Act, 191*1 (refugee relief) 

Second Deficiency ^ropriation Act, 191*0 

Public Hesolutlon (War Eiek Insurance Fund) 

Ptiblic Lav (naval expansion program) 

Second Supplemental National Defense Appropriation Act, igl+l 

Public Hesolutlon (Var Department - military posts and acquisition of land). 

Third St^plemental Natlonja Defense Appropriation Act, 19UI 

rirst Supplemental Civil Functions Appropriation Act, igl+l 

Public Resolution (national defense housing) 

Total, 76th Congress, Third Session 



77th Congress, First Session 



Public Law (naval expansion program) 

Joint Hesolutlon (emergency ship construction) 

Joint Resolution (clothing and equipage - Var Department) , 

Urgent Deficiency Appropriation Act , I9U1 .' 

Fourth Supplemental National Defense Appropriation Act, 19Ul 

Defense Aid Supplanental Appropriation Act , igUl 

First Deficiency Appropriation Act, I9UI 

Independent Offices Appropriation Act, 191*2 

Fifth Si^plenental National Defense Appropriation Act, igUl 

Navy Department Appropriation Act, l^ki 

War Department Civil Appropriation Act, 191*2 

Additional Urgent Deficiency Appropriation Act, igUl 

Treasury Department Apj/roprlation Act, 191+2 

Departments of Justice. State and Commerce Appropriation Act, I9I+2. 

Interior Department Appropriation Act, 191*2 

Military Appropriation Act, 191*2 

Labor - Federal Security impropriation Act, 191*2 

Second Deficiency ^proprlatlon Act, igl+l 

First Siqsplemental National Defense Appropriation Act, 191*2 

Second Supplemental National Defense Appropriation Act, igUa: 
(Title I) 

(Title II) !.'!!!!.'.'!!!.'!!.'!!!!!!!!."!!." 

Third Supplemental National Defense Appropriation Act, 191*2 

Joint Resolution (War, Philippine relief, and defense housing) 

Total, 77th Congress, First Session 



(Continued on following page) 



Appropriations 



t 53.965.035 

11*9,500,000 

2,1*88,000 

1,308,171,138 

1.1+99.323.322 

1+95,000 

15,000,000 

1. 1+71+, 901 ,057 

50,000.000 

17,656,900 

1*0,000.000 

2,1+97.016,392 
338.263,902 

1,323.1+11+, 082 

11+8.821,000 

75.000,000 

$ 8,99l+,015,828 



J 313 

175 

6 

1.376 
7.000 

111+ 

399 

2,293 

3.1*15. 

37, 

i6e, 

62, 

129, 

2, 

10,381*. 

173. 

998. 
6,580 



,500.000 
000,000 
.01+7,775 
,i+6i»,602 
,000,000 
. 1+58. 1+68 
,360,000 
.227.920 
.521.750 
.920,370 
,556,000 
.193.150 
.227.750 
,035.000 

,821,621* 
168,500 
891*, 561 
012,1+1*8 



5.985,000,000 
159,005,585 

9.112,021,91+7 

510,000,000 



$ 1+9. 396. 1*37, U50 



Net contract 
authorizations 2/ 



$ 3.252.710,675 r U/ 
1+7,000,000 1+/ 



* 3.299.710,675 r 



$ 1*00,000,000 k/ 



58,000,000 U/ 







11*0,150,000 r 



$ 598.150 .COO r 



m 



Appropriations and Net Contract Authorizations for the War Activities Program 
As of January 31, 1943 -(Continued) 



Dkt* 
■pprorad 



Public 
Lav Bo, 



Ju. 30. 
T«b. 7. 
r«b. 12, 

Teb. 21, 
Mar. 5, 
Apr. 28, 
ipr. 28, 
Jnne 5, 
Juo* 19, 
June 23, 
Jnaa 27, 
July 2, 
Jnly 2. 
July 2, 
July 2. 
July 2, 
July 2, 
July 2, 
July 25. 
inc. 6, 
Oct. 26, 



igua 
ig'ta 

19^*2 

191*2 
191*2 

19'*2 

19112 
191*2 

19'*2 

19U2 
191*2 
191*2 
191*2 
191*2 
191*2 
191*2 
191*2 
191*2 
191*2 
191*2 



Title of act 



77tb Congrats, Second Sesalon 



1*22 
lAl 
1*52 
1*63 
U7U 

527 

528 

572 
616 
626 
630 
6UU 
61*5 
6i*£ 
6U7 
61*8 
61*9 
650 
678 
700 
763 



fourth Suppleaant&l Hatlonal Defenaa i^ropriation Act. 19^2 

HaTal i^roprlatlon Act . I9U3 5/ 

Joint Resolution (financial aid to China) 

nrst Deficiency Appropriation Act, I9U2 

fifth 3\9plaBental Batlonal Defense impropriation Act, 19l*2 

Var Department CItII impropriation Act, 19l*3 

Sixth Supplemental national Defense i^P'^i'^'^lo" ^^i 191*2 

Joint Resolution (Var Risk Insurance fund) 

Joint Resolution (education and training) 

Seventh Si^plsoental Batlonal Defense i^P'^Pl^'^'^^^o'' A^> 19l*2 6/... 

Independent Offices Appropriation Act , 19l*3 

Departments of Justice, State and Commerce i^P'^Pi'^stlon ilct, 19l*3- 

Department of the Interior ^proprlatlon Act, 19l*3 

Public Law (federal Vorks Agency - public roads) 

Labor - federal Security impi*>Pi'^B^^o° ^^> 191*3 

Second Deficiency imp'op'^B^^on Jlct, 19l*2 

Military Appropriation Act, 19U3 

Var Bousing and Public Vorks i^Pivprl'tloa Act. 191*2 

first Sr^plaaantal Batlonal Defense Appropriation Act, 191*3 

Publ Ic Lav (publ Ic vorks-Bavy ) 

Second Supplemental Batlonal Defense Appropriation Act. 191*3 2/*-** 



Total. 77th Oongrass, Second Session. 



76th Oongrass, first Session 



Pandiac 

Var Department Appropriation 

Bavy Department ^ipropriation 

United States Maritime Commission Appropriation 

SalaetlTe Serrlea Appropriation 

federal Vorks Agency imp'op'^'^^oo (public roads) 

federal Security Agency J^P'OP^^^^^O" (education and training). 
Other appropriations 



Total pending. 






Total, 76th Congress , Third Session 

Total , 77th Congress , first Session 

Total, ntii Congress, Second Session 

Feraanent appropriations 2/ 

Bet transfers from other than var actlTitias ^ppropriatioai 10/. 

Total approTed 

Total pending, 70^11 OoBgrets, first Session 

Liquidations of 191*0 and prior contract authorisations 



Total approTsd and pending. 



Appropriations 



Bet contract 
authorisations 2/ 



$ 12,525.872.U7U 

23,738.865,U7U 

500,000,000 

135.203.321 

30.U12,737,900 

57,886,985 

18, 932, 121*, 093 

210,000,000 

9.500.000 

655. O7U, 71*0 

1,052.812.001* 

261,908.180 

8.977.370 

227.726,861* 

10,1*15.078 

1*2.820,003.067 

32.500,000 

1.81*5.231*. 990 

6.299.361,1+1*8 
♦i39.736.203.98g 



$ U, 670.000, 000 U/ 
2.298.925.617 

150.1*00,000 U/ 



3,112.500,000 kf 
90,000,000 



110,000.000 



97U,63i*,ooo 
9.510.000,000 y 



$20.9i6.U59,6i7 



$ 639.570 

500.927 

1*. 005. 287, 615 

21.160.000 

1*0.000,000 

13,182.000 

1*, 202 ,092 

$ 1*.08U,972,205 



$ 1.250.000.000 8/ 



♦ 1,250.000,000 



r ReTlsed. 5/ 

1/ Consists of appropriations and net contract authorisations arallable on 

and after July 1, 191*0. Excludes: (l) authorisations of the Becon- 6/ 

structlon finance Corporation and Its subsidiaries for var purposes, and 
(2) uaaxpended balances of appropriations on Juae 3O, 19l*0 available for 
expenditure In the fiscal year 191*1. 7/ 

2/ Contract authorisations have been reduced by later appropriations vhloh 8/ 

vers earmarked in authorizing acts for this purpose. 
3/ Public resolution number. 2/ 

U/ Unappropriated contract authorisations for the naval e^ansion prograa 
are as follovs: 

Public lo. 757 (Bstlmated) $ 3,252,710.675 r 

1*7.000,000 10/ 

1*00,000,000 



♦ 8,991*. 015. 828 

l*9.396.U37,i*50 

139.736.203.988 

39. 965. 261* 

63,023,899 



♦ 198.229,61*6,1*29 

U, 081*, 972, 205 
-1*67,872.81*6 



$201,81*6,71*5,788 



$ 3.299.710.675 r 
598,150,000 r 
20,916.1*59,617 



$2l*,gll*,320.292 

1.250.000,000 



» 26. 061*, 320,292 



757. 

781, 

u. 

13- 



58,000,000 

w*i 1*, 170, 000, 000 

528 100,000,000 

626 ( Istlmated) 2,962,500.000 

763 (Istlmated) 9.510,000.000 



♦20,500.210,675 r 



Includes ♦9.693.525,500 appropriated and $1*. 170.000,000 contract 
authorizations for the fiscal year 191*2. 

Includes $650,000 for the fiscal year 19U1 and $209,1*1*0,000 for 
the fiscal year I9U3, of vhloh $1*^0,000 was made Immediately 
aTallable. 

Includes $7,851,1*60 for the fiscal year 191*2. 

Reduced by estimated liquidations of ♦lt,000,000,000 as provided 
in pending ^proprlatlon. 

Consists of actual appropriations for the fiscal years 191*1 and 
191*2 and budget estimates for the fiscal years I9U3 and 191*1*. 
This Item represents appropriations of receipts, the exact amount 
of vhich Is not knovn until the end of each fiscal year. 
Includes actual transfer of balances of the Bureau of Marina 
Inspection and Navigation from the Department of Commerce to 
Coaat Ouard, Navy, in the amount of $1,153,802 In aocordanen with 
Ixecutlve Order 9083 , dated february 28, I9U2. Also includei. 
♦2,1*06,91*7 received as var contributions under authority of the 
Second Var Fovers Act; deposits of advance payments made by 
foreign governments to the Defense Aid Special Fund for the pro- 
curement of defense articles amounting to $31,209,116; cmd de- 
posits of $3,918,500 to condensate owners of foreign merchart 
vessels acquired by the Oovemment of the United States In accord- 
ance vith section 902 of the Merchant Marine Act of 1936. 



Budget Receipts and Expenditures 
Table 1.- Summary by Major Classlf icationB 



rigcal ysar 
or month 



1933 

193U 

1935 

1936 

1937 

1938 

1939 

19IW 

19U1 

ig"*? 

iglt?- January. . 
February. 
March 



( In mllllonB of dollars) 



Receipts 



Total 
raceipta 



Cross recolpta 



April. 
Kay.. . 
June. . 



July 

Au^us t . . . . 
September. 
October. . . 
November . . 
December. . 
19'*3-January. . . 



,080 
.116 
,800 
.116 

,2U2 
668 
9?5 
,269 
.668 

614 
937 

732 
76U 

,U9U 
■JSk 
797 

,528 

6Ug 
830 
,702 
82U 



Internal 

revenue 

1/ 



l,6oU 
2,6Ul 
3.278 

3.513 

'*.597 
5.671* 
5,161 
5.303 

362 



Customs 
1/ 



12.993 

555 
879 

3. 1*93 
08U 
708 

2,1*21* 
71+2 
71*8 

2,1*76 
603 
781* 

2.61+9 

721* 



Source: 

1/ 

I 

it/ 

2/ 
10/ 



251 
313 
3'*3 
387 
i*«6 
359 
3IP 
31*9 
392 
^89 

35 
27 
33 

32 
30 
28 
21* 
22 
20 
21* 
23 
21* 

25 



Other 
receipti 



225 

162 
179 
216 
210 
208 
188 
273 10/ 

515 iiy 

286 12] 
2k 
31 
22 

16 
26 
U2 

28 
26 

31 UJ 

20 
22 
28 

75 



Leaa not amounts 
transferred to 

Federal Old-Age 
and Survivors 

Insurance Trust 
Fund U/ 



Net 
receipts 



- 


2.080 


- 


3.116 


- 


3.800 


- 


l*.ll6 


265 


5.029 


387 


5.855 


503 


5.165 


538 


5.387 


661 


7.607 


869 


12,799 


36 


578 


179 


758 


1 


3.5^7 


37 


695 


201 
1 


563 
2,1*92 


1*7 


71*7 


209 


587 


1 


2.527 


Ul 


607 


229 


601 


1 


2,701 


35 


788 



Dally Treasury Statements. 
Less than $500,000. 

Excludes amounts for public debt retirement which are charge- 
able to the sinking fund, etc. under special provisions of law. 
For further details, see Table 2. 

For further details, see chapter on Customs Statistics In 
December I9U1 "Treasury Bulletin". 

For explanation see tables which follow on the Social Security 
program. 

For further details, see Table 3. 
For further details, see Table U. 

For further details, see Table' 5. Also see footnotes U/ and 5/. 
Total expenditures less net receipts. 

Eepresents expenditures for public debt retirements which are 
chargeable to the sinking fund, etc. under special provisions 
of law. 

Includes partial return of amounts paid to the Commodity Credit 
Corporation for the restoration of capital impairment - 
$1*1* millions; and the retirement of Treasury inveetcient in 
Federal savings and loan association shares - $10 millions. 



'W 



li/ 



Total 
expenditures 



3.861* 
6.011 

7,010 
8,666 
8,177 
7.239 
8,707 
3,998 
12,711 
32,397 
2.628 
2,629 
3.'*21 

3.753 
3,953 
'♦.530 

5,160 
5.215 
5,931 
5.937 
6,363 
6,500 

6,372 



Expenditures 1/ 



General 

5/ 



2.981 

l4-;908 

5.900 

5.935 

6.1*37 

5.S6U 

7.221 

7.055 

6,215 12/ 

5.986 

U8i* 
1*12 
591 
1*67 

393 

700 
U13 
312 
51+1* 

UOI 
320 
65U 

391 



War ac- 
tivities 

6/ 



Revolving 

funds 

(net) 

1/ 



531 

689 

900 

929 

1.029 

1.206 

1.657 

6.301 

26.011 

2,101* 
2,208 
2,809 

3.238 
3.560 
3.829 

1*. 
1+ 

5 

I 
5. 



1*98 
881* 

384 

1*81 
0U2 
825 

5.9'*7 



71* 
U96 
3U5 

11 

20U 

121 

92 

5'* 

-136 12/ 
18 

-2 



Transfers 
to trust 
accounts , 
etc. 
1/ 



129 

77 

76 

.820 

608 

225 

187 

232 

331 

381 

U2 

9 

22 

kg 

m 

1 

2l*9 

19 

5 
56 

3 

25 
35 



Net 
budget 
deficit 

8/ 



1.781* 
2.896 
3.209 
i».550 
3.11*9 
1.381* 
3. 51*2 
3.611 
5.103 
19.598 

2.050 

1.871 

-126 

3,058 
3.391 
2.037 
i*.i*l3 
U.628 
3.''0l* 

5.331 
5.761 
3.799 
5.581* 



Public 
debt 

retire- 
ments 

2/ 



U62 

360 
57U 
1*03 
lOl* 

65 

58 

129 

6U 

95 

3 

1 
15 

2 
2 

1 



u/ 



Includes recoveries of U. S. investments in capital funds as 
follows: Reconstruction Finance Corporation stock retired - 
$175 millions; Federal Home Loan Bank stock (resold to Recon- 
struction Finance Corporation) - $125 millions; retirement of 
Treasury investment in Federal savings and loan association 
shares - $10 millions; sale to Reconstruction Finance Corpora- 
tion of bonds held by Public Works Administration - $9 mllllonB. 
Receipts from capital stock and paid-in surplus reductions that 
are available to be reiseued under existing law are not re- 
flected under receipts, K,' rather are included as negative 
items under expenditures. Diiring the fiscal year I9U1, reduc- 
tions in capital in this manner were as fellows: Under general 
expenditures: Banks for cooperatives - |6o millions, and 
Federal land banks - $100 millions; under revolving funds: 
Federal Farm Mortgage Corporation - $100 millions. Federal in- 
termediate credit banks - $Uo millions, and production credit 
corporatlocE - $15 nillions; i t -tal of $315 millions 
Includes $18 millions in the flEoal year 19U2 and $10 miiilone 
in the month of September, 191*2 representing partial return of 
amounts paid to the Commodity Creiit Corporation for restoration 
of capital impairment. 



Table 2.- Analysis of Receipts from Internal Revenuei/ 



Fiscal year 
or month 



1933 

193** 

1935 

1936 

1937 

193s 

1939 

19U0 

191*1 

191*2 

191*2- January . . 
February. 
March 



Total 



April. 
Kay... 
June. . 



July 

August . . . . 
September. 
October. . . 
November. . 
December. . 
19l*3-Jonuary . . . 



1,60U 
2.6U1 
3.278 
3.513 
'*.597 

5.671* 
5.161 

5.303 
7.362 

12.993 

555 
879 

3. 1*93 
681* 
708 

2.1*21* 

71*2 

71*8 

2,1*76 

603 

78U 

2,61*9 

721* 



Income 

and 
profits 
taxes 2/ 



7U6 
818 
1.099 
1.1*27 
2,163 
2,61*0 
2.189 
2.125 

3.1*70 
7.960 

133 

283 
3.083 

216 

2.086 

273 

155 

2,126 

206 

199 

1,972 

306 



(In millions of dollars) 



Total 



253 

755 
71*0 
833 
925 
1.186 

53 

257 
U6 

1*3 

222 

UO 

53 
232 

Ul 

1*8 
2l*g 
1*7 

52 



Employment taxes 



Federal 
Contribu 
(Old-age 



Social security taxes ^J 



Insurance 
tions Act 
insurance) 



191* 
511+ 
530 
601* 
691 
896 

39 

isi 

3 

204 

U 

U9 

212 

3 

1+1+ 

231 

1* 

37 



Source: Daily Treasury Statements. 

• Less than $500,000. 

1/ For further details, see chapter on Internal Revenue Statli 

ZJ Includes unjust enrichment tax and victory tax. 



Federal Unemployment 

Tax Act 

(Unemployment insurance) 



Carriers' Taxing 

Act of 1937 

(Railroad 

retiroment) 



58 

90 

101 

108 

98 

120 

13 

71 

2 

3 

9 
1 

3 

8 
1 

3 
9 
1 

li* 



150 
109 
121 
137 
170 

1 

1* 

1*2 

1 

9 

35 
1 

11 

36 

1 

8 

1*3 

1 



Miscellaneous 
internal 
revenue 

!i/ 



858 
1,1*70 
1.657 
2,010 
2.181 
2.279 
2,232 

2.3U5 
2.967 
3.81*7 

369 
31+0 
36U 

305 

270 
298 
1+16 
362 
309 

350 

337 
630 

365 



Agricultural 

adjustment 

taxes 



353 

521 
77 




iJ For the period prior to September I939, the data in the 

columns entitled Federal Insurance Contributions Act and Fed- 
eral Unemployment Tax Act represent collections under Titles VIII 
and IX. respectively, of the Social Security Act. 

kj Includes chiefly alcoholic beverage taxes, tobacco taxes, manu- 
facturers' and retailers' excise taxes and estate tax. 



ri»CBl year 
or Bosth 



1933 

193^ 

1935 

193b 

1937 

193« 

1939 

igito 

19U1 

19U2 

igU2- January . . . 
February . . 

March 

April 

May 

June 

July 

Au^et . . . . 
September. 
October. . . 
November. . 
December . . 

19U3-Jaiiuary . . . 



Budget Receipts and Expenditures - (Continued) 
Table 3.- Analysis of General Expenditures 



(In Billloni of dollars) 



Total 



2,981 
U,908 
5.900 

5.935 

6.U37 

5.86U 

7.221 

7.055 
6.a5 
5.986 

kzk 

Ul2 
591 
1*67 
393 
700 

U13 
312 
5i*U 

Uoi 

320 

65^ 
391 



Ttterani' 
Admlals- 
tratlon 



763 
507 
557 
578 
581 

582 

557 
557 
553 
555 

1*6 

U6 
h6 
hi 
hi 

1*7 
hi 
U6 

I19 
'♦7 
'*7 

"+7 



Public 

Work! 

2/ 



1*112 
51*9 
679 
685 
8O3 
670 
900 
890 
715 
669 

hi 

51 
57 

9* 
58 
5"* 
59 
39 
52 
36 



Aid to 
agri- 
culture 
1/ 



102 
U29 
930 
966 
988 

866 
1.237 
1.5^*6 
1.006 2/ 
1.091 

133 

122 
10l» 

Z6 

86 

51 

71* 

hi 

97 

67 

83 

89 

111 



Social 
Security 
proeru 

hj 



29 
ISU 

335 
3U7 
392 
'*57 
515 

56 
38 
33 

50 
^ 

12 

80 
U3 
22 

61+ 
1+0 

3"* 
56 



Direct and work relief 



Work Project! 
Adalnlitratlon and 

National Touth 
Adalnletratlon S/ 






ce: Dnlly Treasury Statemente. 

• Less than $500,000. , , . . », 

1/ Includes public works undertaken by the Veterans' Administration. 
Additional expenditures included in Table 5. 'or 'he Adjusted Serv- 
ice Certificate ?und and the Hational Service Life Insurance Fund. 

2/ Includes public buildings, public highways (including forest roads 
and trails), river and harbor work and flood control, Tennessee 
Valley Authority, Federal Public Housing Authority (formerly U. S. 
Housing Authority), Reclamation projects and the Public Work* 
Administration. Excludes certain expenditures for public works 
in connection with war activities by the Federal Works Agency, 
beginning July 19U1 . Additional transactions are included under 
revolving funds, Table 5* 

3/ Oonprlses Agricultural Conservation and Adjustment Administration, 
Agricultural Marketing Administration, Commodity Credit Corpora- 
tion Farm Credit Administration, Federal Farm Mortgage Corpora- 
tion' Federal land banks. Farm Security Administration, Farm 
Tenant Act, Rural Electrification Administration, and Department 
of Agriculture departmental expenditures. Additional transactions 
are included under Revolving funds. Table 5. 

U/ Includes railroad retirement end railroad unemployment activities. 
Additional expenditures included In Table 5. For further details. 



1.261* 
1.896 

1.1*72 
2,2l*0 
1.572 
1.371* 
970 

77 
76 
79 
76 
68 
61 

51* 
1*3 
35 
31 

28 
28 

2ll 



Federal Emergency 
Belief Administra- 
tion and Civil Works 
Adol nl stratlon 6/ 



Clvlllaa 
Conser- 
vation 
Corps 



336 
1.513 
1.831 

1*95 

-1 

I* 

2 

1 



\h 
332 
U36 
1*86 

386 

326 

290 

283 
257 
163 



Interest 

on the 

public 

debt 



757 
821 
7U9 

866 
926 
91*1 

l.Cl*l 
1,111 
1.260 



Other 
depart- 
mental 2/ 



12 
12 


32 

12 


11 


205 


10 
S 

7 


77 

19 

390 




35 
7 

221* 




70 

28 


-18 


353 


2 


51* 



357 
313 
36U 
1*2U 
510 
1*81 
517 
5U6 
525 
5l*U 

U6 
1*5 
51 
1*1* 
>*7 
1*6 

■*? 

1*6 

52 

1*5 
1*5 
1*9 

1*3 



other 
general 
expendi- 
tures 8/ 



278 
509 
283 
258 
223 

200 
191 
227 
216 
220 

27 
18 
17 
2U 
ll* 
29 

16 
12 
16 
11 
22 

17 



1/ 

8/ 



i/ 



see tables which follow on the Social Security program. ^ , , ^ ., 
Work Projects Administration was formerly Works Progress Administration. 
Beginning with July 13U2, expenditures for the National Youth Adminis- 
tration are shown in Table h. ,,, * _ 
Includes expenditures of the Reconstruction Finance Corporation for 
relief through loans and grants to States, municipalities, etc. 
Excludes expenditures for the U. S. Maritime Commission, departmental 
expenditures under the Social Security program and the Department of 
Agriculture departmental expenditures. 

Includes expenditures for the following: Office of Education, and 
Public Health Service of the Federal Security Agency; refunds of 
taxes and duties by the Treasury Department; Post Office Department 
postal deficiencies; the Panama Canal; Federal Housing Administration; 
and Treasury Department investments In Fec.^ral savings and loan asso- 
ciations. Also Includes expenditures for capital stock of the Federal 
Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal 
home loan banks, and Disaster Loan Corporation. The Federal contribu- 
tions to the District of Columbia (United States share) have been ^ 
transferred to the classification "Transfers to trust accounts, etc. . 
Cross expenditures have been reduced $l60 millions representing the 
repayments of capital funds by certain government agencies. 



Fiscal year 
or month 



1933- 
1931*- 
1935- 
1936. 
1937- 

1938. 
1939. 
19W. 
\'^\. 
191*2 • 



19U2-January . . 
February . 
March 



April. 
May... 
June. . 



July 

August . . . . 
September . 

October. . . 

November . . 

December. . 

19U3-January . . . 



Table 4.- Analysis of Expenditures for War Activities 

(In millions of dollars) 



Total 



680 

531 
689 
900 
929 

1.029 
1,206 

1.657 

6.301 

26,011 

2,10l* 
2,208 
2,809 

3.238 
3,560 

3.829 

1*.1*98 
l*,88l* 

5.381* 

5.1*81 
6,01*2 
5.825 

5.91*7 



War 
Depart- 
ment 
1/ 



k 



302 
2U3 
273 
383 
378 

U32 
1*90 
667 
.678 
070 



Navy 

Depart- 



1,282 

1.369 
1,^32 

1.591* 
1,350 
2.007 
2,86l 
2.875 
3.519 
3.1*17 

3.538 

3.770 

U.053 



350 
297 
U36 
529 
557 

596 

673 

891 

2.313 

8,580 

575 

581 

9U6 

1,101 

1.307 
1.309 

1,103 
1.376 
1,291* 
1.596 

1.1*78 
1.380 

1,271* 



Total 
miscel- 
laneous 
war ac- 
tivities 



29 
-10 
-21 
-12 

-6 

1 
1*1* 

99 

310 

3.362 

2U7 
258 
1*30 

T^ 
U02 

513 

531* 
633 
572 

U67 

1.025 

676 

620 



Agricul- 
ture 
Depart- 
ment 



69^ 

63 

53 
105 

65 

80 

119 
90 
61 

9U 

51 

1*33 
21 

18 



Source: Daily Treasury Statements. 

1/ Excludes Selective Service administrative expenses. 

2/ Includes war public housing functions. 

2/ Includes emergency ship construction, beginning March lyti. 



Miscellaneous war activities 



Federal 
Security 
Agency 



Federal 
Works 
Agency 



62 

111 

7 
9 
8 



28 

'\ 

21 
16 

6 

17 



62 

1* 

10 
10 
ll* 
10 
8 
12 
17 
13 
17 
15 
19 
17 



National 

Housing 

Agency 

2/ 



1*5 
297 

27 
19 
18 

22 
17 
21 

26 

1*2 

1*5 

1*8 
50 
50 
1*1* 



Selective 
Service 

(adminis- 
trative) 



Treasury 
Depart- 
ment 



18 


2U 


33 


519 


2 
3 


^i 


3 


63 


I 


63 

83 


h 


99 


U 


95 


1* 


110 


5 


102 


3 


110 


2 


81 


5 


83 


3 


95 



United 

States 

Maritime 

Commlaelon 

3/ 



29 
-10 
-21 
-12 

-6 

1 

1*1* 

99 

51 

929 

86 
95 

121 

98 
130 
150 
18U 
211 
11*1 

1*6 
271* 
275 
331 



War 
Shipping 
Adminis- 
tration 



132 

2 
16 
U2 

33 
39 

51* 

99 
113 
111 

85 
127 

77 



Aid 

to 
China 



200 



200 



Other 

war 

activities 

expend- 

Ituree h} 



108 
382 

21* 
26 
86 

29 

il 
1*2 
76 
56 

60 
68 
88 
18 



U/ Similar item, for period, prior to fiscal year I9UI are classified 
•^ under Other departmental and Other general expendituree In T»ol« 3- 
Includes the Civil Aeronautics Administration and the Panama Canal. 



Budget Receipts and Expenditures - (Continued) 
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts, Etc. 

(tn alllloni of dollars) 



Tlieal 7Mr 

or moDth 



1933- 
193'*. 
1935. 
193b. 
1937. 
193«- 
1939. 
19U0. 
19U1. 
19U2. 



19>«3- Januar/ . . . 
Tttnaxj. . 

Kareh 

April 

May 

June 

JUI7 

la«ait 

Septoa'ber. 
Octo'ber. . . 
Boveabar . . 
Deeenbar . . 



iglt3.JaoTiat7. 



HaTclTln* fvmda (not) 1/ 



Total 



lid to 

a^l culture 

2/ 



7>* 
U96 
3'*5 

11 
30k 
121 

92 

5^ 
-136 

18 



-1 

-1 

1 



-3 

-2 



7U 
3U6 
lUl 
-33 
-18 
-13 

-8 

-6 

-159 6/ 

7 

-2 
-1 

-1 



Putilie 

works 

1/ 



Total 



11*9 
20U 

221 

13'* 

101 

59 
23 
11 



-2 



129 

77 
76 

.820 
6O8 
225 
187 
232 
331 
381 

ks 
9 

22 

ks 

• 

1 

2)49 

19 

5 

56 

3 

25 

35 



agriculture and Public 



Source: Sally Tra&smry Stataoenta. 
* Less than $500,000. 
1/ Additional transactions on Aid 

vorks are ahovn In Table 3. 
2/ Tarn Credit Administration. 
3/ Public Vorks AdBinlstration. 
5^ Conprlsee Adjneted Serrice Certificate lund and the Batlonal 

Service Life Insorancu IVmd, adainistered ly the Teterana< 

AdBinlstration. 



Tsterana' 
Adminis- 
tration 

y 



Transfers to trust accounts, sto. 



Social 

Security 

program 5/ 



OoTernment 

employees' 

retirement 

funds 

(U. S. share) 



-r 



A^rloultural 

Harkating 

.- lainistration 

(sui-plna commodity 

stamps) 



'edera 

contribution to 

District of 

Columbia 

(n. S. share) 




Includes railroad retirement and railroad unemploymaat aetlT- 
Ities. Tor further explanations see tables vhloh foUov OB 
Social Security program. 
6/ Beflecte reduction of expenditures throu^ raooreries of la- 
restoents in capital funds of OoTernmental acendas auracat- 
Inc $155 millions. 



i 



i ' 



■i 



Table 6.- Totals by Months, Beginning with 1934 



(In allllons of dollars) 



Bet budget receipts 1/ 

W"* 

1935 

1936 

1937 

1938 

1939 

igito 

19'*1 

19142 

19'43 



Budget expenditures 2/ 

mk r.. 

1935 

1936 

1937 

1938 

1939 

19'to 

191H 

191*2 

19143 



Het budget deficit 3/ 

19314 *. 

1935 

1936 

19:7 

1938 

1939 

19»4U 

19141 

19142 

19143 



Jan. 



211 
203 
228 
23? 
29>4 
271 
315 
3I4O 
578 
788 



695 
1482 
521 

539 
I492 
656 
712 

1,111 

2,628 
6.372 



I48I4 

279 
293 
300 
198 
385 
398 
771 
2,050 
5.581* 



Ml. 



206 
21I4 
218 
230 
3O8 

Ul*i4 
5I4I 

758 



63I4 

528 
1*80 

^ 
612 
668 
.075 
.629 



1*28 
31I4 
262 
316 
166 
21*5 
224 
5314 
1.871 



Mar. 



1*20 
601 
752 

967 
916 
687 
799 
1,566 
3.5^7 



573 
570 
636 
766 
705 

820 
822 

1.399 

3,1*21 



153 

-200 
-212 
132 
22 
-167 
-126 



Apr. 



182 
228 
231 
318 
262 

3W 



61*3 

695 
631 
730 
783 
1.315 
3.753 



1*61 

WO 

377 
369 

ft79 

750 

3.058 



May 



June 



Source: Daily Treasury Statements. 

1/ Total receipts less net anounts transferred to Jbderal 
Old-Age and SurriTors Insurance Trust Jund. 



Ill 
256 
290 

373 
3'»7 

1*00 

391* 
563 



1*81* 

686 

5114 
566 

§! 

1.1141 
3.953 



2i*7 

281 

1*30 
22I4 

3k8 
2l*7 

7147 
3.391 



529 

828 

77I4 

557 

6% 

1.276 

2,1*92 



693 

2.1*27 

1.253 

930 

895 

887 
1.528 

•♦.530 



252 

230 

1.898 



339 

237 

252 

2.037 



July 



218 
27? 
29I4 
367 
273 
265 

513 

7147 



Jag. 



611 

656 
635 

818 
1.598 
5.160 



393 

282 

26e 
1451 

1*99 

1*87 
1.185 

14.1413 



286 

121 

1*12 
1*149 

W*7 
397 
587 



561 

ksk 

57»* 

^^ 
6I45 

77'* 

706 

1.529 

5.215 



275 
125 
231 
105 
195 
1*02 
258 
1.133 
14,628 



Sept. 



I4I49 
I42I 
1*99 

678 

676 

7U 

1.135 

2.527 



5I4I* 

Ws 

632 

718 
7'4l 

1,8^ 
5.931 



177 
-115 

1*0 

65 

1*8 

_ 739 



Oct. 



260 
235 
272 
292 
300 
279 

607 



■OT. 



701 
632 
677 
565 

737 
869 

2.083 

5.937 



I4U1 

U05 
273 

l4U2 

536 

1.637 

5.331 



21*7 

231* 

233 

286 

f 

362 



559 



Sae. 



6i46 

6>48 

817 

1.858 

6.363 



312 

255 
331 
171 
296 

28l4 

■♦55 
1.2914 
5.761 



3^ 



Total 



}'p 


3.1492 


1*314 


3.857 
5.372 


517 


823 


5.798 


672 


5.650 
i*,918 


521 


7I4O 
1.212 


8,'8U9 


2,701 


16,1*03 


636 


7.281* 


% 


6,682 


9,2l4l4 


635 


7.75^ 


830 


8.097 


832 


8,885 


1.178 


9.657 


2.5'« 


19.053 


6.500 


56,020 


251 


3.792 


173 


2.825 


199 


■♦.872 


-188 
157 


2!w7 


U32 
1.329 


3.967 


3.823 
10.201* 


3.799 


39.618 




Xxeludas pnblio dabt retirements. 
Total expend! tores lesa ust receipts. 



10 



BUDGET RECEIPTS AND EXPENDITURES 



1938 



I9S9 



1940 



1941 



1942 



1943 



DOLLARS 




MMJSNJMMJSNJWMJSNJMKAJSNJMMJSNJMMJ8N 







Budget Expenditures 












A 


















/ 










/( 








3 Month ifl 1 

Maying Ayeragt.'^^^ Jt II 1 










^A 




iinitnnn 

J M M J S N 


niiiinni! 

J M M J S N 


lllllllllll 

J M M J S N 


1 

JMMJSNJMAA 


JSNJMMJ8N 



-1 8 




, I I I I I I I I I I I I I I r J I I ih I I I I I ill I I I I I I I I I I i ll I I I I I I I I I I 111 I I I I I I I I 

1940 1941 1942 "43 



i9aB 



1939 



11 



Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc. 



Table 1.- Trust Funds 



Kecal year 
or month 



1933 

193't 

1935 

1936 

1937 

1938 

1939 

ISW 

I9''i 

igte 

igllS-January . . . 
February . . 

March 

April 

K<jy 

June 

July 

August . . . . 
September. 

October. . . 

November. . 

December. . 

19l*3-January . . . 



(In ■llllona of dollars) 



Total 
trust f\mds, 
net receipts (♦) 
or net expendi- 
tures (-) 



-5 
+2U 
♦61* 
♦3't 
+19 
♦11 

♦29 

♦37 
♦37 
♦66 

♦30 
♦11*7 

-172 

♦1*7 

+181 
-205 

+55 
+197 
-227 

♦60 
♦27I* 
-290 

+2k 



Federal Old- Age and 
SurvlTors Insurance 
Trust IVmd 



Net 



♦1 
♦1 

+3 

+10 

♦9 

+37 

+135 
-171 

+37 
+177 
-215 

♦1*6 
+193 
-229 

+227 
-273 

+33 



Beceipts 



267 
1402 
530 
580 

717 
9U0 

37 
179 

1 

37 

202 
70 

■♦7 

210 

1 

k2 

229 

2 

35 



Expendi- 
tures 



Unemployment 
Trust nmd 



Source: Dally Treasury Statements. 
• Less than $500,000. 
1/ Includes OoTermnent Insurance and retirement funds, 



267 
Uoi 
529 
577 
707 
931 

-1 

kk 

173 

• 

25 

285 

1 

16 

230 

* 

2 

27U 



Net Receipts 'S'" 



♦12 
♦1 
♦1 
-k 

• 

-S 

+12 

-U 

+1 

-5 

+2 
-2 

+3 
-1 

-k 
+uo 

-36 



Railroad 
Retirement Account 



Net 



19 

29'* 

763 

838 

95? 
1.111* 

l,2ltl» 

75 

203 

29 

"+3 

220 

6U 
52 

223 
29 

50 

2U3 

73 

HO 



19 
29»* 

751 

837 

957 

1,118 

l,2l»3 

83 

191 

33 

12 

225 

62 

5^ 

220 
30 

5^ 

203 

109 

1*2 



♦2 

♦2 

-2 

♦11 



Receipts 



ll»8 
109 
123 

llA 

32 



32 

* 

2 
113 

* 

31* 

* 
« 

3t 



Expendi- 
tures 



Other 
trust accounts 1/ 



Net 



11*6 
107 

125 

116 
lUi* 

31 



32 

* 

1 

111* 



-5 

♦2U 

+61* 
♦31* 
♦20 
-1* 
♦2l* 
♦35 

♦20 

♦57 

+1 
-1 
+3 
*S 
+9 
+7 

+^3 
+1 
+2 

+22 

+6 

+19 

-8 



Receipts 



280 

233 
301 
2,053 
858 
323 
31*9 
366 
1*09 
512 

28 
22 
U2 

38 

36 
96 

160 
1*1 

68 

61* 
5»» 
66 

66 



Expendi- 
tures 



285 
210 
237 
2,020 
838 

327 

325 

331 
389 
1*55 

28 
23 

39 
29 
27 
89 

11*7 
1*1 
66 

1*2 
1*8 
1*8 

71* 




m 



Table 2,- Other Funds 

(In millions of dollars) 



Fiscal year 
or month 



1933- 
193'*- 
1935- 
1936. 
1937. 
1938. 
1939- 
iSm. 
I9'*l. 
191+2. 



191*2- January. . 
February. 
March. . . . 



April. 
May... 
June. . 



July 

August. . . . 
September. 
October. . . 
November . . 
December. . 



19l*3-January . 



Transactions in checking accounts 
of Govermnent agencies, etc< 



Total all 
trans- 
actions 



-818 
-73U 
+637 
♦108 
♦311* 
♦201* 
♦768 
♦3'* 
-217 
-3.625 

-681 

-35 

-75 

-189 

-1*30 

-1,1*17 

-78 
-262 

-25 

-583 

+1*1*9 
-51*8 

-186 



Issuance { ')t^.er 

of obllga- tTs-s- 

tlons 1/ rctlens 



1 

♦1.106 
+288 
+«52 

-1,809 

-625 
-23 

+17 

-12 

-2 

-1.120 

+12 

+S 

-23 

-311 
+451 

-5 

-8 



i 

-337 
-251* 
1.069 
1.815 

-56 

-12 

-92 

-176 

-1*28 

-296 

-91 

-271 
-2 

-272 

-2 

-51*3 

-17'5 



Increment on gold 



+811 

-111 

-1*03 

-99 

-51 

-5 



Receipts 



2.81 



Source: Dally Treasury Statements. 
• Lees than $500,000. 

1/ Net receipts In this column constitute net sales, and net 
expenditures constitute net redemptions of obligations. 



expendi- 
tures 



2,000 

ItOU 
101 

52 
5 



Seigniorage on silver 



Set 



+11*0 
+176 
+1*0 
+90 
+90 
+1*9 
+20 
♦lU 

+1 
+1 
+1 



Receipts 



11*0 
176 
UO 
90 
90 
1*9 
20 
lU 

1 

1 
1 

1 



Xxpendl- 

turss 



Miscellaneous funds 
and accounts 2/ 



Set 



Beceipts 



+2 
+16 
+11 
♦39 

+16 
+1 

+12 

+15 

-9 
-11* 

+20 

+10 
+6 

+27 
+13 
+l*U 

+27 



331 

28 
27 
1*1 

3^ 
17 
ii* 

33 

20 
ll* 

32 
10 
33 

8 



Ixpendl- 
tores 



-2 

27 

233 

292 

12 
26 
29 

19 
26 
28 

13 

10 

8 

5 

-2 

-11 

-19 



2/ Comprises PWA revolving fund, and special deposits (net). 

Also Includes AgrlcultursJ. Marketing Administration commodity 

food stamp transactionn. 
2/ Details not available. 




12 



Means of Financing Cash Requirements 

( In mllllone of dollara) 




Source: Dally Treasury Statemente. 

1/ Ixcludee aooonte for public debt retirement 
chargeable to the Blnkin* fond. etc.. under 
proTltlone of law. 



which are 
special 



7. 1*61 
V 
2/ 



OompriseB trust accounts, checking accounts of Oovernment 
agencies, etc.. Increment on gold, seigniorage on silver, 
aid miscellaneous funds and accounts. Increment on gold 
excludes expenditures for national bank note retirements. 
Het budget surplus. 



13 



Social Security Program 

Section I.- Budget Receipts and Expenditures 

Table 1.- Social Security Act 



(In Dilliona of dollars) 



ritcal 7*ar 
or month 



1936 

1937 

1938 

1939 

19W 

igui 

i9>*a 

1942-Junury. . . 
'•'bruary. . 

March 

April 

May 

June 

July. . 

Au^st . . . . 
Saptambar. 

Oetohar. . . 
HoTem'ber . . 
December. . 

I9U3- January. . . 



Tiical year 
or month 



1936. 
1937. 
1938. 
1939. 
1960. 
I9UI. 
19U2. 



19>»3-Jaanar7.. 
rebruazy. 
Mar oh.... 



April. 
May... 
June. . 



July 

Aucuit . . . . 
September. 
October. . . 
Bovenber . . 
Deeembar., 

19U3-January. . . 



Rscelpte 



Total 



252.2 
6oU.l| 
631-2 
712.2 
788.2 
1.015.6 

51-3 

252.7 

1*2.0 

52.2 

220.1 

k6.6 

50.7 



Orosa recalpta 



Social Security tozea 



Federal Ineurance 
Contributions Act 
(Old-a^e Insurance) 



I9U.3 
5IU.U 

530. U 

60U.7 
690.6 
895-6 

38.6 

181. >» 

2.8 

39.2 
203.7 

3.7 
U9.1t 

211.7 

U3.9 

231.1 

3.5 
37.1 



Federal Unenploynent 
Tax Act 
(Unemployisest Insurance) 
2/ 



57.8 

90.1 

100.9 

107.5 

97.7 

119.9 

12.7 

71-3 

2.0 

2.9 

9.3 




2.8 
8.5 
.9 
2.6 
8.7 
1.0 

13.6 



Less amounts credited to 

Federal Old-A^e and 

Surrlvors Insurance 

Trust Fund ^ 



265.0 
387.0 
503.0 
537.7 
661.3 
86g.9 

36.U 
179.3 

.0 

36.8 

201.1* 
1.1* 

1*7.1 

209.1* 

1.2 

1*1. U 

228.5 

1.0 

35-3 



Het 

receipts 



-12.8 
217.1* 
128.2 
I7U.5 
126.9 
IU6.7 

IU.9 

73. i* 

l*.l 

5-2 

11.7 

3.3 

5-1 

10.7 

3.1 

5.1 

11.2 

3-5 

15.1* 



Total 



28. U 
182.7 

332.5 
3'i3.3 
381*. 2 
Ul*9.i* 
50i+.U 

55.8 
37.1 
31.7 

1*9.5 
53.2 
11.5 
78.8 

'H.7 

21.2 
63.2 
38.9 
33.6 

55.8 



Ixpsndltures 



Adminis- 
trative 
expenses 



.6 
15.8 

20.0 
21.3 

25.3 
31.5 
31.5 

2.8 
2.6 
2.8 

^•5 

2.6 
2.5 



2.7 

2.6 



Orants to States 



Total 



27.8 
166.9 

271.5 
320.3 
356.5 
1*15.2 
1*69.6 

52.8 

3i*.i 

28.6 

1*6.6 

50.2 

8.7 
75.9 

38.7 
18. 5 

60.1 
36.1* 
30.7 
53.0 



Social Security Board 



01d-A£e 
assist- 
ance 



19.7 
12U.8 
182.2 
208.8 
227.6 
260.1 
299.1 

28.9 
23.0 
19.9 
28.8 

32.6 

1*.3 
1*7.2 
26.0 
11.0 

35.2 

21*. 8 
21*. 9 

30.9 



Aid to 
dependent 
children 



2.0 
IU.3 
25.5 

63.2 
69.1* 

7.9 
5.6 

1*.2 

l.l 

.9 

11.5 
6.8 
2.9 
8.2 

6.1* 
2.7 
6.9 



Aid to 

the 
blind 



1.0 

i*.6 
5.2 

6.2 

7.1 

8.0 
.8 

.6 
.6 

.9 
.7 
.1 

1.3 

.8 

.1* 
1.0 

:l 
•9 



Unemploy- 
ment COB- 
pensatlon 
edminls- 
t rat Ion 



.9 

9.1 

1*1.9 

58.9 

58.3 
63.0 
70.3 

10.7 
i*.i 
3.6 
i*.i* 
9.5 
3.2 

13.1 
3.3 
3.5 

12.1* 
3.0 
2.0 

10.8 



Public 
Health 
Service 



Public 

health 

work 



2.U 
7.8 
8.9 
8.0 
9.1* 
10.8 
11.1* 

2.7 

* 

.1 

2.9 



2.6 

.6 

» 

2.1* 

« 

2.3 



Department of Labor 



Maternal 

and child 

health 

services 



1.0 
3.1 
3.8 

u 

5.5 
5.9 



.1* 
.5 
.5 

.8 
.5 

.6 



Services 

for 
crippled 
children 



.6 
2.1 
2.7 
3.0 

u 

U.O 



Child 
welfare 
services 



.2 
1.0 

1.1* 
1.5 
1.5 

1.6 



Befuuds 
of 

taxes 



Ul.o 6/ 
1.8 

2.6 

3.'* 



Excess 
of 
expendi- 
tures 5/ 



28.1* 
195.5 
115.1 
215.1 
209.7 
322.5 
357.7 

1*0.9 

-36.& 

27.6 

1*U.2 
UI.5 

8.2 

73.7 
31.0 
18.1 
58.0 
27.7 
30.1 

1*0. U 



Source: 



2/ 



Dally Treasury Statements. kj 

Less than $50,000. 

Formerly Title Tilt of the Social Security Act. 
Formerly Title IZ of the Social Security Act. Includes 
SDousts equal to ^)propriatlons to Ballroad Unemployment In- 
snranos Administration I^ind equivalent to amounts of taxes 
oolleoted with respect to the period from January I936 to 
June 1939 • Inclusive, from employers subject to the Ball- 
road Uhaaployment Insurance Act (See Table 3 of Section I). 
Prior to January 1, 19l*0, ficorea represent amounts trans- 
ferred to the Old-Ace Reserve Account. From January 1 to 
July 1, 191*0 "transfers" were oaLds to the Federal 01d-A«s 
and Survivors Insuranos Trust Fond. Subsequently receipts 5/ 
have been dapoalted in the Oeneral Fond of the Treasury 6/ 
and "appropriated" directly to the Federal Old-Afa and 
Survivors Insurance Trust Fond. Amounts shown ae trans- 
fers reflect deductions made for reimbursement to the 
Oeneral Fund account to cover administrative expenses, 
which are shown as expenditures in Section II, Table 1. 



Includes only expenditures from appropriations made apaolfl- 
cally for administrative expenees relating to the Social 
Security Acti namely, Social Security Board, Department of 
Commerce, and Department of Labor; and administrative expenses 
reimbursed to the CJeneral Fond of the Treasury under Section 
201 (f) of the Social Security Act, as amended. Beginning 
July 1, 191*0, includes also administrative expenaee under the 
Wa«ner-Peyaer Act. Ixcludes administrative oxpenaea payable 
from other appropriations, principally for the following 
agencies! Bureau of Internal Bevenue of the Traaaury Depart- 
ment, and Public Health Service and Office of Iduoation of 
the Federal Security Agency. 
Covered by appropriatione by Congress. 
Second Deficiency Appropriation Act, fiscal year 1938, 
approved June 25, I938, carried an appropriation of 
$1*0,561,886.1*3 for making refund to certain States of portions 
of Federal employers' tax for I936 collected under the Social 
Security Act. 






l^lr 




1»^ 



Social Security Program - (Continued) 
Section I.- Budget Receipts and Expenditures - (Continued) 



Table 2.- Railroad Retirement Act 

(Ib atllloBi of lollara) 



nteal r««r 
or Bonth 



1936 

1937 

193« 

1939 

19'tO 

I9'»l 

19*»2 

191*2- January 

rebruu7 

March 

April 

MiV 

JuBfi ••• 

Jul7 

Augatt 

8«pted^r 

October 

HoTenber 

Qscember 

19U3-Jaimary 

Sourea: Dally Treanrjr Btatanenti. 
• Lest than $50,000. 



Baealpta 



Carrlari' Taxing 
Aet of 1937 



•3 
150.1 
109.3 
la.o 
136.9 

170.0 

1.3 

U.2 



Ul. 

1. 

9- 
35- 

1. 

11.5 
36.5 

1.1 

8.2 
U2.S 

1.1 



IzpaBdltorai 



Total 



• 3 

1-5 

l'»9.o 

110.0 

123.3 

128.2 
llt«.5 

32.0 
■ 7 

.7 

.5 

113.2 

.7 

.5 

3U.0 

:l 
31^.5 



AdalBlatratlT* 

axpaatat 

1/ 



.3 
2.6 

2.9 

2.6 

3.8 
7.6 

• 5 
.7 
.7 
.6 
.6 

• 5 
.6 
.7 
.5 

• 5 



Traaifart to 

Sailroad Batlraaant 

ioconat (trust aoeoxmt) 



ll|£.U 
107.1 
120.7 
12U.U 

l»t0.9 

31.5 

31-5 
112.6 

33-5 
3U.0 



lafnadi 

of 

tasaa 



Izeatt of 
szpaadlturaa 

s/ 



.3 

1.2 

-1.1 

.7 

2.3 
-8.7 

-a. 6 

30.7 
-3-5 

-U0.9 
30.9 
-8.5 

-3U.5 

112.2 

-10.8 

-36.0 

32.8 

-7.7 

-ua.u 

33.'* 



~J7 Include* only axpenditoreB from appropriations made tpeeiflcally 

for adolnlatratlTe erpenses relating to the Hallroad Betlraaent lot. 
2/ CoTered hy approprlatlone from the General Tuad of the freaaury. 



Table 3.- Railroad Unemployment Insurance Act 



II 



(Ib ■lllloBs of dollari) 



Tiaeal year 
or Bonth 



1936. 
1937. 
193«. 
1979. 
19M0. 
I9'*l. 
19U2. 



19li2-JaanBry. . 
rehruary. 
March 



April. 
May... 
June. . 



July 

Au4;uit . . . . 
Sapteobar. 

Octohar. . . 
NoreDber . . 
DeesBbar . . 

19U3- January... 



Raeelpt* 



Ballroad xmsapleyaaat 

iBiuranea eoatri- 

butions gf 



H.9 
6.8 
8.5 



Izpeadi tares 



Total 



Soureai Dally Treasury Statemeats. 

• Lest than $30,000. 

1/ Operated as Railroad UnaBployBOnt iBsuranoa Adalalttr*- 
tloD foad. 

2/ Bepresents 10^ of contributions under the Ballroad Unsa- 
ploynent Insurance Act; the renalnlnc 90)( is deposited 
in the Ballroad Unenployaant Insnranoe Aooonat, Uaen- 
ploynent Trust road (See Ssotion II, Table 3). Xxoludss 
aaounts approprlatsd to Sailroad Unaaploynent Insurance 
Administration Fund e^ralant to aaounts of taxes ool- 
lected with respect to the period fros January I936 to 
June 1939, iaelualTe, froa enployers subject to the 



.5 
5.0 

.2 
.3 

.2 

.2 
.2 
.3 
.2 
6.2 
.2 
.1 
.2 
.2 
.1 



AdBlnlstratlT* e:q)enses 

(Ballroad nnenployDent 

Insurance Admlnls- 

trattoa Hind) 2/ 



.5 
5.0 

2.5 

.2 
.3 
.2 

.2 
.2 
.3 
.2 
.2 
.2 
.1 
.2 
.2 
.1 



Transfers to Ballroad 

Dnenployiient lasuraaee 

Account, Unenployaaat 

Tmat road U/ 



7-5 
3.9 



6.0 



Izeesa of 
eipaadlturee 

5/ 



.5 

.1 

l».l 

•2.1 

.2 
.2 

-2.0 
.2 
.1 

-1.9 

.2 

6.0 

-2.1 
.1 
.1 

-2.3 

.1 



Ballroad Unemployment Insurance Act, as follova (la fflllltoaa)i 
Oaleadar year 1936 - |2.7. 1937 - »5-3. 1938 - 16.8, aad for tb* 
firat alx moatha of the oaleadar year 1939 - ♦2.9. a«greiatlB« 

♦17.7. These amounts are inoluded in Table 1 under Tederal UnsB- 

ployment Tax Act (unemployment insurance). 
3/ Includes only expenditures from appropriations made speeifioally 

for adminlstratlTe expenses relatlnc to the Ballroad UaeBployneat 

Insurance Aot . 
kj fiapreseats exoees fuads of the Ballroad Unemploroeat lasuraaee 

Adolalotration IVmd (under Aot of Oct. 10, I9U0) . 
!/ OoTerad by appropriations by Coaeresa. 



If5 



Social Security Program - (Continued) 

Section II.- Statements of Trust Accounts 

Table 1.- Federal Old-Age and Survivors Insurance Trust Fund^ 

(OunmlatlTB ffFOB organliatlon - In mllllont of dollaxt) 



Xnd of fiscal 
7«ar or aonth 



1936. 
1937. 
1938. 
1939- 
ism. 
191*1. 
19U2. 



19U2-0ctob«r.. 

NoTomber . 

December. 
19U3-Jaimar7'. . 



Total 
receipt* 



267.3 

782.7 

1.199.6 

1.792.1 

2.536.2 

3.502.8 
3.812.2 

i»,oi«3.U 
■♦.01*7.7 

U.085.0 



Beoelpte 



Appropria- 
tions bjr 
Conceit 



265.0 
765.0 
1.155.0 
1.705.0 
2.393.1 
3.288.8 

3.597.2 
3.828.3 
3.831.8 
3.868.9 



Interest 



Inrest- 
ments 



2.3 

17.7 

1*1*. 6 

87.1 

ii*3.i 

211*. 1 

215.0 
215.1 
215-9 
216.1 



Zzpenditures 



Total 
expendi- 
tures 



Sonreo: Dally Treasury Statements. 
• Less than $50,000. 

1/ Includes transactions effected under the predecessor 
Old-A^e £eserve Account . 



5.U 

19.3 

1*7. U 

138.6 

275.6 

330.7 
3'*5-l 
359.6 
373.8 



01d-a«e 
benefit 
payments 



5.'* 

19.3 

35.1 

99.5 

209.8 

255.1* 
267.3 
279-3 
291-7 



Reinborsenant 

for 

adninl stratlTe 

expenses 2/ 



12.3 

39.1 
65.9 

75-2 
77-7 

80. 3 
82.1 



2/ 



Balance 



Total 



267.2 

777.2 

1,180.3 

1.7l*l*.7 

2.397.6 

3.227-2 

3.1*81.5 
3.698.3 

3.688.1 

3,711.2 



InTeat- 



267.1 

662.3 
1.177.2 
1.738.1 
2,380.6 
3.201.6 

3.'*03.i 
3.393-1 
3.655-'* 
3.6U5.U 



nnezpended balance 



In Oeneral 
fund 



.1 

113.0 

.1 

d 

5.2 

1*6.9 
275.7 

5-3 

1*0.8 



In dlsburtln^ 

officer' I 

aoeorant 



.1 

1.9 

3.0 

6.1 

10.8 

20. U 

31.5 

29.5 
27.1* 

25.0 



Under Section 201 (f) of the Social Security Act amendments 
of 1939. 



m 



Table 2.- Railroad ftetlrement Act 



Ind of fiscal 
year or month 



1936. 
1937. 
1938. 

1939- 
19'W. 
191*1. 
191*2. 



19l*2-0ctober . . 

HoTember . 

December. 
19l*3-January . . 



Soorea: 



Total 
receipts 



1*6.6 

1*6.6 
l'*7.? 
268.1* 
390.8 
906.9 
650.9 

865-9 

866.1 

866.2 

866.1* 



Daily Treasury Statements. 
Less than $50,000. 



(OuBolatiTe f>om organisation - In millions of dollars) 
Haceipts || Sspenditures 



Appropriations 
by Congress 



1*6.6 

1*6.6 

IU6.5 

261*. 8 

381*. 9 



9.'* 



639 



85l*.2 
85l*.2 
85l*.2 
85U.2 



Interest on 
InTestmsnts 



1.1* 
3.6 

1:1 
11.6 



11.8 
11.9 
12.1 

12.3 



Benefit 
payments 



1*.0 
79.8 
I85.6 
298.7 
1*19.9 
51*6.1 

589.2 

599-9 
610.7 

621.5 



Balanoe 



Total 



1*6.6 
U2.6 
68.1 
82.7 
92.1 
87.0 
10l*.8 

276.7 
266.2 

255.6 
2UU.9 



InTestments 



66.2 
67.2 
7?.'+ 
7'>.0 
91.5 

196.0 
I85.0 
17l*.0 
197.0 



Une:q)ended balanoe 



In General 
Tond 



In disbursing 
officer's account 



1*6.6 


* 


36.6 


6.0 


.2 


1.6 


13.2 


2.3 


10.8 


1.8 


2.5 


10.5 


1.6 


11.7 


68.9 


11.9 


68.8 


12.3 


68.9 


12.7 


3t.9 


13.0 



Xnd of fiscal 
yaar or month 



1936 

1937 

1938 

1939 

ISW 

I9U1 

191*2 

19l*2-0ctober . . . 

lorember . . 

December . . 
191*3- January... 



Total 
re- 
ceipts 



18. 
313. 
1.076.2 
l.9l't.3 
2.857.9 
3.971.9 
5.215.5 

5.569-6 

5.812.2 
5.885.1 

5.925.1 



State 
unemploy. 

ment 

insurance 

actlTi 

ties 



Deposits 

by 

States 



18. 9 

310.6 

1.058.2 

1,869.5 

717.3 



i: 



5.0U3.7 

5.285.1* 

5.298.3 

5.338.3 



Table 3.- Unemployment Trust Fund 

(CumolatiTe from organisation - In mi llions of dollars) 

lipendl ture s 



Bacelpts 



Ballroad Unemployment 
Insurance Account 1/ 



Ballroad 
unemploy- 
ment 
insurance 
contribu- 
tions 
1/ 



1*4.2 
105.6 
181 .9 

203.7 
20l*.5 
226.6 

226.7 



Trans 
fers 
from 

State* 

1/ 



1.8 
105.9 
105.9 

105.9 
105.9 
105-9 
105.9 



Transfers 
from Bail- 
road Unem- 
ployment 
Insurance 
Administra- 
tion fund J*/ 



il:^ 

I7.t 
17.'* 
17.1* 

17.4 



_L 



Interest 



inrest- 
aents 



.1 

2.8 

18.0 

ltl*.8 

82.6 

131.5 

198.9 

199.0 
199.0 
236.9 

236.9 



Source: Daily Treasury Statements. 
• Lees than $50,000. 
1/ tocludes advance of $15 millions fl-om the Treasury and 

subsequent repayment, both taking place in the fiscal year 

2/ Bepresente 90^ of contributions under the Ballroad Unem- 
ployment Insurance Act; the remaining lOjS is used for 
admlnistratiTs expenses. (See Section I, Table 3.) 



Total 
expendi- 
tures 



State unemployment 
insurance 
aotlTities 



1.0 

192.0 

633.8 

1,133.1 

1,688.2 

2.065.1* 

2,165.0 
2.176.7 
2.I87.I 

2.198.8 



With- 
draarals 

by 
States 



2,028 
2.038.7 

2.050.3 



Transfer* 
to Ball- 
road Unem- 
ployment 
Insurance 
Account 

2/ 



1.0 


_ 


192.0 

633.8 

1.116.7 


1.8 


1.550.0 
1.918.0 


105.9 
105.9 



105-9 
105-9 
105.9 

105.9 



Ballroad 
Unemploy- 
ment 
Insaranoa 

Account 

y 



Benefit 
payments 



IU.6 

Hi 
1*2.2 

1*2.3 

1*2. g 
1*2.7 



Balance 



Total 



InTest- 
ments 



18 

312 

88U.2 
1,280.5 
I.72U.9 
2.283.7 
3.150.1 

3. 1*01*. 7 
3.635-5 
3.698.0 

3.726.3 



I8.9 
312.3 
872.0 

1.267.0 
1,710.0 

2.273.0 

3.139.0 



.397.2 

.588.2 

3.687.0 

3.717.0 



Unexpended 
balance 



In 
Oeneral 

Ikmd 
(Special 
Deposit 
Account) 



.1 
12.2 
13.5 

13. U 

8.0 
7.8 

l*4!9 
8.7 
7.2 



In dis 
burstag 

offl 

cer' 
account 

5/ 



1.1* 

2.7 

3.3 

2.6 
2.1* 

2.3 

2.1 



5/ 



Bepresente amounts transferred from States to Ballroad Unem- 
ployment Insurance Account equivalent to amounts of taxes 
collected, with respect to period from January I936 to June 
1939 Inclusive, from employees and employers who come within 
the purview of the Ballroad Unemployment Insurance Act. 
Bepresente excess funds of the Ballroad Unemployment Insur- 
ance Administration Fund (under Act of Oct. 10, 191*0). 
For railroad unemployment benefits and refunds. 




16 



Cash Income and Outgo of the Treasury, by Major Classlf IcationsJ^ 



(In mllllonB of dollari) 



CISE iioota 

Internal rrramiai 

IneoBe and profit* tazai 

finploTment taxai 

Mlicellanoona Internal raT«na*. 

Cnttomt 

Othap 



Subtotal 

Trust funds, etc.: 

Dnaoploxaant trust fund (deposits by States 

and SallToad Retlreaont Board) 

Trust accounts 2] 

Subtotal 



Total cash Income. 
CASE OUIOO 



Budget: 

War actlTltles 

Veterans' Administration 

Public »orks i/ 

Aid to agriculture U/ 

Social Security program 5/ 

Works Projects Administration and Hatloaal 

Touth Administration 5/ 

ClTlllan CouBerratlon Corps 

Interest on the public debt Jj 

Other 



Subtotal. 



Trust funds, etc.: 

Beoonstruetlon Tlnanoe Corporation: 

War actlTltlee 8/ 

Other 

Commodity Credit Corporation 

Onomployaeut Truet fund 

federal 01d-A«e and SuttItops Insurance 

Trust Tund 

Railroad Bstlremant Account 

Other 



Subtotal 

Bedemptlon of adjusted serrlee bond* 

Total cash outgo 

IXCIS8 or CASH OUTGO 




• Less than $500,000. 

1/ These figures are not Intended to reflect the budgetary position 
of the OoTemment, and .111 not agree »lth budgetary figures on 
receipts, expenditures and deficit such as those appearing In 
the Eall^ Treasury Statement and In other tables In the "Treasury 
Bulletin". lop an explanation of the revlalons made In Dally 
Treasury Statement figures to arrlre at this cash series, see the 
"Treasury Bulletin", rebruary 1939- ...» , „ ,!„«,. 

2/ Includes sale of commodity food stamps, Agricultural Marketing 
Administration. , „ . .^ j 4 

3/ Comprises Public Buildings Administration, Public Eoads Admlnl*- 
tratlon. Public Works Administration. Federal Public Housing 
Authority Hirer and Harbor Work and Hood Control. Tennessee 
Valley Authority, Ibrest Eoads and Trails, and Beclenatlon 
projects. 



It/ 



Comnrlses Agricultural Conservation and Adjustment Administration, 
ASu^af Marketing Administration, Commodity Credit Corporation, 
^m Credit Administration, Federal fcrm Mortgage Corporation, 
Federal land beaks. Farm Security Administration, »f» Z'^* ^J*!, 
Rural Slectriflcatlon Administration, and Department °' /f'^™""* 
departmental expenditures. Bxcludes Agricultural Marketing Admlnle- 
tratlon, reflected on Dally Treaeury Statement as transfer to 
trust accounts. . _^. 

Ixcludes transactions under transfers to trust accounts, etc. 
Beginning July 19^2 National Touth Administration is Included 
in »ar activities expenditures. „„t.t.Bdin* 

Ixcludes accrued interest on United States savings bonds outstanding. 
Iipendltures for var activities by the Reconstruction Finance 
Corporation prior to October 17. igl^S. «•" included under "Other- 
Reconstruction Finance Corporation expenditures. 



Total Cash Income and Outgo, by Months 



(la millions of dollars) 



Cash InooB* 

1937 

1938 

1939 

I9UO 

19»»1 

19U2 

X9>»3 

Cash outgo 

1937 

1938 

1939 

19140 

19U1 

19U2 

19'*3 

Ixcess of cash outgo 

1937 

1938 

1939 

I9W 

I9UI 

19l»2 

19'»3 



Jan. 



Feb. 



303 

73U 
936 



U76 

537 

728 

727 

1.179 

2.699 

6.539 



173 
1U2 
36U 

704 
1.965 
5.603 



^60 

72'* 
1,180 



550 
1*81 
669 
679 
1.150 
2.729 



22U 

21 

' 88 

65 

1*26 

1.5^ 



Mar. 



1.115 

1.038 

796 

989 
1.6U0 
3.635 



^^5 

83** 

851 

1.555 

3.608 



-321* 
-293 

38 

-138 
-85 
-27 



Apr. 



U21 
319 
323 
385 
5U0 
829 



720 
77"* 
730 

793 
,'♦75 
.973 



May 



299 
1*55 
1*07 

1*08 

m 



390 
519 

% 

71*9 
.036 



5U2 
665 

19^ 

i.'*3'* 
i*,»*70 



Jtus 



198 
130 
685 
,i*3U 



925 
82H 

61*1* 

781 

1,329 

2.558 



758 
'^ 

886 
1,51*8 

"♦.738 



-167 
11 

200 

105 

219 

2.179 



July 



1*38 
365 

W*9 
576 
902 



558 
589 
652 
806 
1.516 
5.076 



120 
22I* 

283 

9H0 

U,l7l* 



Aug. 



SS 



766 
1,063 



566 

783 

989 

870 

1,71*8 

5.539 



Sept. 



25 
151 
1*00 

11*6 

982 

*.I*76 



752 
756 

1,205 
2,621 



6U9 

852 

892 

832 

2,01*6 

5.989 



-203 

85 

lUO 

76 

gUl 
3.368 



Oct. 



389 
395 
399 
458 
611 
770 



582 
829 
781 
976 

2.1*39 

6,20i* 



193 

1*34 
382 

518 

1.828 
5.1*31* 



Hov. 



'*33 
521 

fi 

956 

1.135 



523 

702 

667 

962 

1.973 

5.950 



90 

181 

100 

306 

1.017 

'*.8i5 



Sao. 



930 
757 
615 
798 
1,288 
2.809 



679 

895 

947 

l,2l*l* 

2,778 

6.997 



-251 
138 

Si 
1.U90 

1*,188 



Total 



7.063 
6.992 
6.551 
7.569 
10.859 
19.272 



7.39U 
8,687 

9.>«3 
10.317 

20,8>*1 

57.972 



331 
1.695 
2,932 : 

2,7l+B 

38.S99 ; 



17 



CASH INCOME AND OUTGO OF THE TREASURY 



1936 



1989 



DOLLARS 
Billion* 



1940 



(nntntnl 



1941 



1942 



Cash Incomo 



3 Month 
Ma/ing Average. 



riTTtntnifbnnTrt 




JMMJSNJMMJSNJMMJSNJMMJINJMMJSNJMMJ8N 







Cash 


Out^o 








1^ 1 






































3 Month 
Moving AverageK 


/ 


ITllllllllil 

J M M J S N 


nnfiDiiiDDjiiii 

JMMJSNJMMJSN 


JMMJSNJMMJSNJMMJSN 




■' ' . ' J. ' . ' . ''' ' ''' ''' '' I I I I '' I I I 1 I I I I I I r I I I I I I I I I I I I I I I I I I I I I I I I I I III,,,,, 



1938 



k^fv 



GENERAL FUND OF THE TREASURY 



-16- 



19 



Assets of the General Fund of the Treasury 



(In mllHons of dollars) 



End of fiscal 
year or month 



1933 

193't 

1935 

1936 

1937 

1938 

1939 

191*0 

19U1 

191*2 

191*2- January 

February 

March 

April 

Hay 

June 

July 

August 

September 

October 

November 

December 

19l*3-January 

Source: Dally Treasury Statements 



Total 



1.103 
3.033 
2,016 

2,936 
2.709 

2.1*19 

3.087 
2,038 

2.S12 

3.1*1*3 

3.23a 
3.867 

3.857 

3.216 
3.198 
3.1*1*3 

3.782 

3.695 

1*,5S8 

5.313 

3,557 

11.032 
g,200 



Bullion, coin, 
and currency 



Igl* 
l,0l*5 
1,01*1+ 

865 
1,863 

827 
1.191* 
871* 
98U 
897 

902 

879 
890 



900 
897 

926 
907 
909 

931 
915 
863 

857 



Deposits In 

Federal 

Reserve Banks 



51 
97 

118 
862 

lUl 

929 
1,022 

251* 
1,021* 

603 

391 

7U8 
525 

522 
382 

603 

553 
569 

1,021 

619 

512 

1.516 

1+65 



Special deposits 

account of sales 

of Oovemment 

securities 



837 
1.851* 

799 
1,150 

61*9 

fill 
776 
805 
661 
1.679 

1.750 
2.051* 
2,231 

1.579 
i,S66 
1.679 

2,011* 
1,880 
2,1*11 

3.373 

1.695 

8.166 

6.367 



other 
deposits 



collectloas 



31 
37 
55 
58 
55 

52 

95 

1C5 

11*3 

265 

188 
185 
211 

226 
250 
265 

289 
338 
31*7 

390 

1*35 
Ug? 

511 



Balance in the General Fund of the Treasury 

(In minions of dollars) 



End of fiscal 
year or month 



1933. 
1931*. 
1935- 
1936. 
1937. 

1938- 
1939. 
191*0. 
191*1. 
191*2. 



191*2- January. . 
February. 
March 



April. 
May... 
June. . 



July 

August . . . . 
September . 



October. . 
November . 
December . 



191*3- January. 



Total 
assets 



1.103 

3.033 
2,Ol6 
2.936 

2.709 

2.1*19 
3.087 
2.038 

2.812 

3. '•■1*3 

3.232 

3.867 

3.857 
3.216 

3. '43 

3.782 

3.695 

l*,688 
5.313 

3.557 
11.032 

8,200 



Total 
liabilities 



Source: Dally Treasury Statements. 

1/ In the fiscal years I935 and I936, $91 millions and 
$551* millions, respectively, were transferred from in- 
crement on gold to the working balance for retirement of 
national bank notes. In this statement, however, charges 



2lt0 
1*51 
175 
251* 
156 

203 
2U8 
11+7 
179 
1*52 

282 
305 
365 

365 

386 

1*52 

i*9U 
5^1 
386 

1*16 
1*75 



1*77 



Balance 

in the 

General 

Fund 



862 
2,582 
l,8Ul 
2,682 
2.553 

2.216 
2.838 
1.891 
2.633 
2.991 

2,950 
3.562 

3.1*93 
2,851 

2.812 

2.991 

3.288 
3.151* 
1*,302 



3.082 
10,51*3 

7. 721* 



Analysis of balance in 5he Oeneral Fund 1/ 



Working 
balance 



862 
1.771 
1,001 

2,069 

2,000 

1,622 
2,160 
1,163 
1.885 
2,229 

2,191 
2,802 
2,732 

2,089 

2,0':0 
2,229 

2,525 

2.392 

3,5'w 

i*,l3i* 
2.320 
9.780 

6,961 



Selgnioriige 
on silver 



lllO 
316 
356 

1*1*6 
536 
585 
605 

619 

616 
617 
618 

618 
619 
619 

619 
619 
619 

619 
619 
619 

619 



Incif-nent 
on gold 



811 
700 
297 
198 

11*7 
11*2 

11*3 
11*3 
11*3 

1U3 
11*3 
11*3 

1U3 
1U3 
11*3 

11*3 
ii+it 
11*1* 

11*1* 
11*1* 
11*1* 

lUi* 




for retirement of national bank notes are reflected directly 
against increment on gold in the years during which the retirements 
were actually made. Inactive gold in the amount of $1,087 millions 
for the fiscal year I937 \i, considered aa a part of the working 
balance . 



20 



Analysis of Change In Balance of General Fund of the Treasury 

[jIn ■llllom of dollart - I«t lner«w or not dacroM* (-)] 



Chas<« during tltcal 
7«ar or Bonth 



1933- 
193'»- 
1935- 
1936- 
1937- 
1938- 
1939- 
19'to. 
I9»tl. 
1^. 



19U2-Jaimapy. . 
lebraary. 
Har ch .... 



April. 
Kay... 
June. . 



Jul7 

August. . . . 
September. 



October. . 
BoTeabar. 

Seeeober . 



IS^y-Janaarj. 



Total 

ebjjiga In 

Oeneral 

Fund 
balance 



UU5 

1.720 

-7U1 

8llO 
-128 
-338 

622 
-9U7 

Ikz 
358 

-610 
612 
-69 

-&i2 

-39 
179 

296 
-131* 

59U 
-l.glU 

7.W1 

-2,819 



Vorklng balance 



Total 
working 
balance 



W*5 

908 

769 6/ 
1,067 6/ 

-70 
-377 

537 
-997 

722 

3UI* 

-611 
611 
-70 

-9*5 
-39 
179 

296 

-131* 

l,l4g 

59"* 
-l.gli* 

7. '+61 

-2.819 



Oeneral 

and 

ipedal 

accounti 1/ 



-1.78U 
-2.896 

-3.209 
->»,550 
-3.i'*9 
-i,38>» 
-3. 5^2 
-3.611 
-5.103 
-19,598 

-2.050 
-1.871 

126 

-3.058 
-3.391 
-2.037 

-it.'+iS 

-lt,628 

-3, 1*04 

-5.331 

-5.761 

-3.799 
-5.58'+ 



Public 

debt 

accounti 2/ 



3.052 

u.siu 

1.739 1/ 
5, '•751/ 
2.7>*6 2/ 
792 1/ 
3.280 j[/ 

2,528 

5.99'* 
23,'*6i 

2.073 

2.369 

39 

2,51+2 
3.609 

3.852 

'*.7i'* 
k.^ 
'*.798 

6,1+20 

3.212 

12.054 
2.899 



TruBt 
accounts ^ 



-5 
2U 
6U 
3>» 
19 
11 

29 

37 
37 
66 

30 

1U7 

-172 

'*7 

181 

-205 

55 

197 

-227 

60 

271+ 

-290 

21+ 



Mlioel- 

laneoua 

funds and 

accounts 



Source: Dally Treasury Statements. 6/ 

• Less than $500,000. 

1/ This Is the net budget deficit. Excludes amounts for 
public debt retirement which are chargeable to the sink- 
ing fund, etc., under special provisions of law. 

2/ This represents the Increase In the gross public debt, 
except as noted. (See footnote jj .) 

2/ Includes Federal Old-Age and SurvlTors Insurance Trust 
Aind, Unemployment Trust >Und, Ballroad Betlrement 
Account, QoTemment Insurance and retirement funds and jj 
other trust funds. 

U/ Comprises Public Works Administration revolTlng fund 
and special deposits (net). Also Includes Agricul- 
tural Marketing Administration commodity food stamp 
transactions. 

^ Includes expenditures for retirement of national bank 
notes. 



2 

16 
11 

39 

16 

1 

12 

15 

-9 
-11+ 

20 

10 

6 

27 
13 
1+1+ 

27 



Checking 

accounts of 

OorenmeBt 

agencies, 

etc. 



-816 

-73'» 

637 

108 

3l»» 

20U 

768 

31* 

-217 

-3,625 

-681 

-35 
-75 

-189 

-1+30 

-1,1+17 

-78 
-262 

-25 

-583 

1+1+9 

-5I+8 

-186 



Seigniorage 



silver 



lltO 

176 

ItO 

90 

90 

SO 

1' 



Ineramnt 
on 

gold 5/ 



811 
-111 6/ 
-1+03 6/ 

-99 

-51 
-5 



In the fiscal years 1935 and I936, $91 millions and $55!* mlllloni 
were transferred from Increment on gold to the working balance 
for retirement of national bank notes. In this statement, how- 
eTer, charges for retirement of national bank notes are reflected 
directly against Increment on gold. In the years during which the 
retirements were actually made. Inactive gold In the amount of 
$1,087 millions for the fiscal year I937 Is considered as a part 
of the working balance general and special accounts for the pur- 
pose of this table. 

Ixpendltures for the retirement of national bank notes from In- 
crement on gold for the fiscal years 1935 to I939 (as shown below) 
are not reflected herein, but are reflected under Increment on 
gold as follows: I935 - $91 millions, I936 - $397 millions. 
1937 - $99 millions, 1938 - $51 millions, and 1939 - $5 millions, 
total - $61+5 millions. The increases In the public debt shown la 
the table Means of Financing Cash Bequlrements for the above 
fiscal years will not agree for the reason stated above. 



'f 

'J 



PUBLIC DEBT OUTSTANDING 



{114 






-21- 





.V*' 



■■-;m 



22 



Statement of the Public Debt and Guaranteed Obligations Outstanding 

(In mlllloas of dollars) 



SeeuritieB Igeued by the United Statei 
Interest-bearlse debt: 
Public lesuee: 
Harlcetable Issuei 

Treasury bllle 

Certificates of Indebtedness... 

Treasury notes 

Treasury bonds 

Other bonds 

Total aarketable lan«e 



Hon-markstable Issues 

U. S. savings bonds 

Treasury notes - tax series. 

Adjusted serrlee bonds 

Depositary bonds 

Total aon-narlcstable issues. 



End of fiscal year 



1933 



951* 
2,108 

5.2l6 
9.007 



21, 83^ 



Total public Issues. 



Special Issues: 

Adjusted Service Certificate Fund 

federal Deposit Insurance Corporation. 

Pftderal Old-A^ and SurrlTors Insur- 
ance Trutt Fund 

federal Saving and Loan Insurance 
Corporation 

GoTernment Life Insurance Fund 

GoTernment Betlrement funds 

National Serrlce Life Insurance Kind. . 

Postal Savings Systems 

Eallroad Eetlrement Account 

Dnemployinent Trust fond 



Total special Issues. 



193>* 



1935 



l.UO"* 
1.517 
6.653 
9.333 
7.177 



26,0g>^ 



21.831* 



92 



231 



Total Interest-bearing debt . 



Matured debt on which Interest has ceased. 

Debt bearing no Interest: 

United States savings stamps 

United States notes (lees gold reserve). 
Deposits for retirement of national bank 

and federal Eesorve Bank notes 

Other debt bearing no Interest 

Total debt bearing no Interest 



Total public debt outstanding. 



Securities guaranteed by the United States l/ 

Interest-bearing debt: 
Public Issues: 
Marketable Issues 

Commodity Credit Corporation 

federal farm Mortgage Corporation. . . 

federal Housing Administration 

federal Public Housing Authority.... 

Home Owners' Loan Corporation 

Heconstruetlon finance Corporation. . 



323 



26,08U 



2.053 

10,023 

12.684 

2,190 



26,950 



62 



1936 



2.35^ 

11.381 

17,168 

200 



62 



27.012 



156 
100 



2l*3 

35 



396 



22,158 



66 



191 

119 
5 



315 



22,539 



Total marketable Issues. 



Bon-marketable Issues 

Commodity Credit Corporation j/. 
Total Interest-bearing debt 



Matured debt on which Interest has ceased. 

Total securities outstanding guaranteed 
by the United States 



Total public debt and guaranteed 
obligations 1/ 



26,1*80 



5^ 



191 

322 

5 



518 



27.053 



253 

125 



31,102 

316 

9U5 



1.261 



1937 



2.303 

10,617 

19.936 

198 



33.05^ 

800 

389 



1938 



1,1^ 

9.1'*7 

21,8»*6 

197 



633 



27.6115 



231 



191 

629 
5 



825 



Interest-bearing debt 

Matured debt and debt bearing no Interest. 

Total outstanding 



22,158 
381 



312 

235 

681 



681 



28,701 



32.363 



127 
100 



280 

100 

19 



626 



1,188 



3U,2ll2 



38 
95 

267 



500 

316 
30 

312 



1.558 



32,3'A 

1.238 
319 



1,556 



1939 



1.308 
7.2'»3 

25.218 

196 



33.965 

1,868 
283 



2,151 



19U0 



1,302 
6,383 

26,555 

196 



3i*.'*36 

2.905 

261 



33,900 36.116 



26 

85 

662 



523 

396 

66 
872 



32.989 



169 



191 
5 



620 



33.779 



1,226 

2,61*7 
250 



U,i23 



U,i23 



681 



22,539 



27,161 
573 



27.73>* 



l»,123 



35,800 



119 



191 



310 
5 



506 



36,'+25 



2,676 



36.576 



ii+i 



191 

252 
5 



20 
101 



1.177 



537 
'*73 

128 

67 

1.267 



3.770 



39.886 



1H2 



3.166 



19U1 



191*2 



1.603 

5.698 

30,215 

196 



37.713 

>*.3l'* 
2U1 

'*.555 



37.602 



11 
56 

1.738 



52i* 
559 

97 
79 

,710 



»*.775 



1*1*7 



37.165 



1,1*22 



3.01*1* 
252 



1*,718 



1*,718 



1*,718 



31.768 
1.056 



32,821* 



37,707 
790 



1,1*22 



2,987 

255 



»*.665 



'*,665 



i*,665 



206 

1.1*10 

1 

2.937 
299 



191 

215 
5 



Uii 



1*0, 1*1*0 



'*.853 



'*.853 



>».853 



38. 1*97 



1*0,1*65 
625 



Ul,089 



1*1,1*28 

589 



206 
1.379 

2.928 
820 



1*2.376 



205 



191 
190 

6 



1*2,267 



19 
90 

2,381 

5 

656 
3 

88 

7"* 

2,273 



2,508 
3.096 

6,689 

38,085 

196 



50.573 



10.188 

3.015 

229 

79 



Snd of month 



191*2 



Hot. 



13,510 



6,120 



386 



1*2,968 



5,1*50 



5,1*50 
1 



5.'*5l 



1*07 
1.269 

8 

111* 
2.603 
1.096 



1*8.387 



205 



191 
173 

6 



61*, 083 



18 

95 

3.133 

5 
537 
796 

56 

92 

3.11"* 



7.885 



71.968 



98 



369 
1*8,961 



191 
'1 



356 



72.1*22 



5,1*98 



5,1*98 

31 



5.529 



1*2,018 



1*5.336 
55^ 



1*5.890 



.871* 
622 



696 

1.269 

17 

226 
2,1*09 
1.71*1 



6,360 



6,360 
11 



6,370 



701 

930 

21 

111* 

1.563 

1,219 



U.5U9 



i*.5l*9 



5.721 

7.161 

10,095 

1*3.381 

196 



66,55^ 



li*,079 
5.703 

225 
111 



1*8.1*96 



5^.71*7 

585 



55.332 



i*.568 



76.517 
1*71* 



76.991 



Source: Dally Treasury Statements. 

• Less than $500,000. „ - , .. 

1/ Excludes guaranteed securities which were sold directly to the Treasury. Consists 

only of securities guaranteed by the United States as to both principal and interest. 
2/ Demand obligations. 



Dec. 



6.627 
10.53"* 

9.863 

1*9,268 

196 



191*3 



20,117 



86,671 



18 

95 

3.300 

6 
526 
91*1 
121 
571 
185 
3.538 



8,787 



76,1*88 



15.050 
6,381* 

22l* 
130 



21,788 



98,276 



18 

95 
3.1*62 



526 
?^6 

i?J 
3.597 
9.032 



7.1*23 
10,71*1 

9,863 

•*9.273 

196 

"77T^ 



16. 21*6 
6.7U9 

22l* 
137 



23.356 



100,852 



19 

95 

3.1*52 

7 
530 
969 
170 
107 
197 
3.627 



9.172 



95.1*58 



90 



216 
191 

155 
6 



107. 3O8 110, 02l* 



568 



96,116 



701 

930 

21 

UU 

.533 
896 



i*.i95 



1*8 



75 

221 
191 



787 



108. 170 



75 



225 
191 

51*9 
6 



970 



111,069 



701 
930 

22 
UU 

1.533 
896 



l*,2l*l* 
20 



U,261* 



99.702 

677 



100,379 



'*.196 



87 



1*.283 
18 



i*.30i 



111,591 

880 



112,1*71 



701 
930 

21 
111* 

1.533 
896 



1*,196 



81 



i*.277 
11* 



1+.291 



111*, 301 
1,060 



115,361 



23 



Composition of the Interest-Bearing Public Debt 



bd of flieal yaar 
or Bontli 



1933- 
I93U. 
1935- 
1938. 
193T. 

193«. 
1939- 
19U0. 
19U1. 
19>»2. 



19'>2-Januai7 . . 
Febmary. 
March 



April. 
May... 

Jons.. 



July 

Au^st .... 
September. 

October. . . 
NoTember . . 
December . . 
I9U3- January... 



Intereet-baarlnc public debt outetaadlug 1/ 
(In mlllloni of dollars) 



Total 



22,158 

z6Mo 
27.6^5 
32.989 
35.800 

36.5T6 
39.886 
U2.376 
>«,3«7 
71.968 



Bond* 



61 
61 
64 
68 
71 
76 
81 
85 
92 
95. 
107 
no, 



.531 
.895 
9110 

U96 

108 
968 
69U 

eh^ 
265 
U58 
308 

02U 



ll*,223 

16,510 
ii*,936 

18.628 
21,322 

23.599 

27.566 

29,917 
3^,966 
"♦8.776 

ll2,078 

"A. 305 
UU,8U7 

1*5.363 
U8.157 
'*8.776 

51.765 
53.680 
5i*.Ui3 

57.285 
57.991 
6U,868 

66,076 



Bote* 



If, 51*8 

6.653 

10,023 

U,381 

10,617 

9,l'*7 

6,383 
5.698 
9.703 

8,288 
8,398 
8.107 

8,315 

8,670 

9.703 

10, oW 

10,1*28 

12.095 

15.059 
15.798 
16, 247 
16, 612 



Source: Dally Treasury Statements. 

1/ Doe* not Include securities Issued by Pederal agencies and 
. goaranteed tf the ndlted States. 



Bills and 
certificates 

of 
Indebtedness 



3.063 
2,921 
2,053 
2.35W 
2.303 

l.lS** 
1,308 
1.302 
1.603 
5.60I* 

2,101 
2,002 
1,652 

3,1*60 
3. 764 
5,604 

6.759 

8,873 

10,829 

11,336 

12,882 
17,161 
18,163 



Special 
Issues 



323 
396 

1.558 

2.676 
3.770 
4.775 

6,120 
7,885 

7.063 
7.190 

7.333 

7.358 
7. 518 
7.885 

8.125 
8,262 
8,509 
8,585 
8.787 
9,032 
9.172 



Percent of latersst-bearlBg public debt 



100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 



Bonds 



64.2 
62.4 
54.0 
56.5 
59.6 

69.1 
70.6 
72.3 
67.8 

70.7 
71.6 

72.4 

70.3 
70.8 
67.8 

67.5 

66.1 
63.4 

62.1 

60.8 
60.5 
60.1 



20.5 
25.1 
36.3 
3U.5 
29.7 

25.0 

18.2 
15.1 
U.8 
13.»» 

13.9 
13.6 
13.1 
12.9 
12.7 
13. t 
13.1 
12.8 
14.1 

16.3 
16,5 
15.1 
15.1 



Bills and 
certificates 

of 
Indebtedness 



Public Debt Receipts and Expenditures 

(In millions of dollars) 



Hioal year 
or month 



1935 

1936 

1937 

1938 

1939 

1940 

1941 

1942 

1942-January 

February 

Maroh 

April 

May 

June 

July 

August 

September 

October 

Hovenber 

December 

19'*3-J«nuary 

Source: Dally Treasury Statements 
* Less than $50,000. 



Becelpta 



Total 



9.697.1 
13.583.0 
13.125-5 
14,120.8 

9.589.4 

9.620.8 
13,083.6 
13.165.6 

17.846.7 
37.164.3 



074.7 
160.6 
593.1* 
116.4 
300.0 

210,9 

277.0 

Uli 
929.4 
729.9 

643.1 
078.1 



Public Issues 



Cash 



9.392.0 
9.160.9 
5.7159 
8,958.0 
6,198.6 

'♦.775.8 

7.'*75.l 

7.194.4 

10,462.1 

30,690.9 

2,527.1 
2,999.8 
1,403.0 

3.051.3 
1*. 119.1 
5,214.4 

5,008.4 
5,384.6 
7.829-7 
7,806.9 
6,506.5 
15.369.8 
4,898.4 



Ad^isted 
serrlce 
bonds 



1.668.8 
140.6 

12.8 
6.6 
8.4 
2.2 
1.3 

.1 
.1 
.1 

.1 
.1 
.1 

.1 
.1 
.1 
.1 
.1 



Exchange 8 



4,158.5 
6,963.7 
2,978.2 

1.751.'* 

2.673.8 
3.034.9 

2,812.0 

3.141.6 

596.0 

4o6.2 
.2 



48.6 
19-7 



Special 
Issues 



305.0 
263.7 
445.9 

515.9 
1.498.9 

2.158.5 
2.567.1 

4!240.8 
5,876.2 

l4i.3 
160.5 
190.4 

64.9 

180. 7 

3.996.4 
268.5 
193.7 
290.0 

102.7 

223.3 

273.2 

179.7 



Ixpenditures 



Total 



6.645.4 
9.068.5 
11. '♦77.7 
9.043.2 
6.9'*3.3 

8. 880. 7 

9.808.8 

10,637.0 

11,852.8 

13.703.3 

1,001.3 
791-7 

l.55'*-7 
574.4 
690.7 

5.359.0 

563.2 
1.029.3 
3.370.0 

1.509-0 
3.517.9 
3.589-0 

2,178.7 



Public Issues 



Cash 



6,35't.6 
1*. 719-5 
4,305.1 
5.5'*2.0 
4.625.0 

5,166.0 
5,301.0 
5.679.8 
5.815-6 
8.996-1 

535-'* 

757-8 

1.507-6 

533.7 

670.0 

1.729.8 

531*. 6 

973.2 

3.278.6 

1,462.2 

3.1*96.8 
3,560.3 

2.139.8 



Xzchanges 



4,158.5 
6,963.7 
2,978.2 

1,751.'* 

2.673.8 
3.034.9 
2,812.0 

3,141.6 
596.0 

4o6.2 
.2 



48.6 
19-7 



13.8 

11.0 

7.'* 

7.1 

6.4 

32 
3.3 
3.1 
3-3 

7.8 

3.5 
3.2 

2.7 

5-'* 
5-5 
7.8 

8.8 
10.9 
12.6 

12.3 
13.5 
16.0 

16.5 



Special 
Issues 



290.8 
190.6 
208.8 
523.0 
567.0 

1, 040.8 
1, 1*72. 9 
2,145.8 
2,895.6 
1*. 111.3 

59-7 
33-7 
47.0 

40.6 

20.7 

3.629.2 

28.7 
56.1 
42.8 
27.2 
21.2 
28.7 
38.9 



Special 
IsBuea 



1-5 
1-5 
2.3 
1-9 
'♦.3 

7.3 

9.5 

U.3 

12.6 

11.0 

11.9 

11.6 
11.8 
11.4 
11.0 
11.0 

10.6 

10.2 

9.9 

9.3 
9.2 

8.4 
8.3 



Xzoess 

of 

receipt* 



3.051.7 
4.514.5 
1.647.8 
5.077.7 
2,646.1 

7'«).1 
3.27'*. 8 

2,528.0 



5.993.9 
,461.0 



23 



2,073-5 

2.368.9 

38.8 
2,542.0 
3.609.3 
3.851.8 

"♦.713.7 
4.549.0 
4.798.4 

6,420.3 
3.211.9 

12,054.1 

2,899.4 



P 




2>^ 






o 


o 


o 


—>■= 


•* 


fO 


CVJ 


Om 




— 


— 


Q 









o 

o 



o 

o 



o 
00 



o 






o 



o 
■<1- 



o 

CO 



o 

CM 



25 

Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing 

Public Debt and Guaranteed Obligations 






(In allllone of dollar*) 



Sni of fiscal 
year or nontb 



Total itauad and s^'aranteed toy 
th« United State* 



T 



Intaraat-bearlac 

debt out- 

■tandlog 



Conputad 
annual 

interest 
charge 



Coii^ut ed 
rate of 
interest 
(Percent) 



Total Issued by 
the United States 1/ 



Interest-bearing 
debt out- 
standing 



Confuted 
annual 

Interest 
charge 



Conputed 
rate of 
interest 
(Percent) 



Total guaranteed by 
the United State* 3/ 



Interest-bearing 
debt out- 
standing 



Computed 
«nnua1 

interest 
charge 



Confuted 

rate of 

interest 

(Percent) 



1933 

W"* 

1935 

1936 

193T 

1938 

1939 

191*0 

19U1 

igUa 

igUs-Jannary . ■ . 
Pebruary. . 
March 

April 

ttoy 

June 

July 

August . . . . 
September, 

October... 
Sovember . . 
Oecember . . 

19lV3-J8nu»ry. . , 



22,158 
27.161 
31.768 
7.707 
.U65 



^ 



Ul,U28 
U5.336 
U7.87>* 
5'».7U7 
76.517 

65,204 
67.568 
67,606 

70.163 
73,775 
76.517 

gl,2U5 
85,811 
90.399 

96.509 
99.702 
111,991 

111*, 301 



71*2 
861 
863 
970 
1,01*7 

1,068 
1,11*9 
1.203 
1.335 
1.729 

1.537 
1.591* 
1,609 

I.631* 
1.706 
1.729 

1,809 
1,880 

1.938 

a,oi*5 
2,092 
2.291 

2,336 



3.350 
3.169 
2.716 
2.573 

2.588 

2.57? 

2-531* 
2.511* 

2.1*38 
2.260 

2-358 

2.360 

2.380 

2.329 
2.312 
2.260 

2.227 
2. Ml 
2.IU3 

2.119 
2.098 
2.053 

S.OUl* 



22,158 
26,1*80 

27.61*5 
32.989 
35.800 

36.576 
39.886 
1*2,376 

1*8,387 

71.968 
59.531 

61.895 
61,91*0 

61*, 1*96 
68,108 

71.968 

76,691* 
81,21+1* 
85,81*7 

92,265 

95.1*58 
107.308 

110,02l* 



Source: Sedly Treasury Statenents. 

1/ Treasury bills axe Included In Interest-bearing debt figures 
at face anonnt , but for the purpose of calculating the com- 
puted annual interest charge and the conputed rate of interest, 
the discount ralue is used. Per the purpoeee of comijuting the 
annual interest charge and rate of Interest on United States 



71*2 
81*2 
751 
8l*5 
92I* 

91*7 
1.037 
1.095 
1,218 

l,6Ui* 
1.1*31 

1,1*88 
1,503 

1.527 
1.600 
1.6UU 

1,725 
1.796 
1.853 

1.961* 
2,010 
2,210 

2,251* 



3.350 
3.181 
2.715 
2.562 
2.582 

2.589 
2.600 
2.583 
2.5I8 
2.285 

2.1)01* 
2.U0I* 
2.1*26 

2.368 
2.31*9 
2.285 

2.21*9 
2.210 
2.159 

2.129 
2.106 
2.059 

2.0U9 



681 

U,123 

U.718 
i*,665 

U.853 
5.1*50 
5.1*98 
6,360 
U,5i*9 

5.673 
5.673 
5,666 

5,666 
5.667 
i*,5l*9 

i*.55l 
l*,567 
U.552 

i*,2i*3 
i*,2itS* 
1*.283 

i*.277 



18 
112 
125 
123 

121 
112 
109 
117 
85 

107 
107 
106 

106 

106 

85 

81* 
81* 
81* 

81 
81 
82 

82 



2.710 
2.720 
2.650 
2.633 

2.1*98 
2.052 
1.978 
I.83U 
1.861 

1.879 
1.879 
1.878 

1.878 
1.878 
1.861 

1.8U8 
1.81*3 
1.81*8 

I.9I8 
I.9I8 
1.905 

1.907 



savings bonds, Series A-I are considered to yield 2.90 percent 
per ansun aiid Series 7 is considered to yield 2.53 percent. 
2/ Iioludes securities guaranteed by the United States yhlch wore 
sold directly to the Treasury, Consiats only of securities 
guaranteed by tha Ihilted States as to both principal and 
Interest. 



26 



Maturity Schedule of Interest-Bearing Public Marketable Securities 
Issued or Guaranteed by the United States^ 
As of January 31, 1043 



Tamr 
uvl 

■ ODth 



l^^}■ 



r«b. 

Tel). 

Mar. 
Mmy. 



Jun*. 
June. 
July. 



Sept. 
Oct. . 

■ OT.. 



Dec. 



Dec. . . 

19UU.reb. . 
Mar.. 
Har.. 
Apr.. 
Apr.. 
May.. 
May.. 
June. 
Sept. 
Sept. 



Dee. 



19U5-Teb. . . 
Mar... 
Mar... 
June. . 
Sept.. 
Oct... 
Dec 
Dec. 



19U6-Jan. . 
Mar.. 
Mar.. 
Apr.. 
June. 
June. 
Dee. . 



19U7-Jan. . 
June. 
June. 
Sept. 
Oct. . 
Dec.. 



19U8-Mar. . . 
Mar... 

June. . 
June. . 
Sept.. 
Dee.. . 



(In nllllopg of Aollare) 



igUg-May 

June. . . 
June. . . 
Sept... 

Dec 

Dee. . . . 
Dee 

1950-Mar. . . . 
Mar. . . 

Sept.. 
Dec. . . 



Description of security 2/ 



Treatury bllle 

1/U^ Certificate* of 

Indebtedneee 
5/g^ Certlflcatee of 

Indebtedaeee A - 
)A1' Treasury note D - 
3 Ait COC note I - 

.(^i Certificates of 

li^ebtedness C - 
l-l/8l( Treasury note A - 
3-3/8^ Treasury bond 
1-l/si H7C note T - 

7/811 Certificates of 

Indebtedness B - 
1% Treasury note C - 

3_l/ll1l Treasury bond 
T/gf, Certificates of 

Indebtedness D - 
T/ef' Certificates of 

Indebtedness X - 
l-l/8lt Treasury note B - 

Total 

l-3/8it TPHA note B - 

156 Treasury note B - 

3-lA^ TTOC bond 
Ijt RFC note W - 

3-lAl' Treasury bond 
3^ HOLC bond A - 

■}% ITMC bond 

3AJ Treasury note A - 
Ijt Treasury note C - 

3 Alt Treasury note D - 
Series) 
Treasury bond - 



2/1A3- 

2/1 A3. 

3/i?A3. 
5/1 A3. 



5/1A3...- 
6/15A3.... 
6/15 As-"*?. 
7/15A3. . . . 



8/1 A3. 
9/15 



9/15A3.... 
io/i5A3-'*5- 

ii/i,A3.... 



12/1 A3. 
12/15 A3. 



Total 

l-l/SfS CCC note ■ 

3/Uj( Treasury note A • 
l-l/Ujt Treasury note C 
1-1/2!^ HOLC bond M 

2-}/^ Treasury bond 
3-1/^ Treasury bond 
2-1/256 Treasury bond 
3Al' Treasury note B 
Series) 



2/lM 

3/15M 

3/15/UU-6I*... 

U/l5/>*4 

U/lK/Wui*6. . . 
5A/U1U52... 

5/15AU-U9... 

e/l5AU 

9/15M 

(Hat. Defense 

9/15M 

12/15/UU-5U. . . 



2/15A5 

3A5A5 

3/15A5 

6/1/V5-U7... 

9/15 As-"*?... 
12/15A5 

(Hat. Defense 
12/15A5 



Total. 



35t ConTerslon bond 
lH Treasury note A 

3.3/^ Treasury bond 
3-lAil Treasury bond 
31t Treasury bond 
3-l/8jt Treasury bond 
1-1/2)1 Treasury note B 

Total 

3)( ConTerslon bond 

l-l/2ll HOLC bond M 

I'l/efi Treasury bond 
2-3/^ Treasury bond 
U-lA?' Treasury bond 
25( Treasury bond 

Total 

2jt Treasury bond 

2-3/1'lt Treasury bond 
3)t Treasury bond 

\-lM> Treasury bond 
2-l/2it Treasury bond 
2^ Treasury bond 

Total 

Jf, mC bond 

3-l/8ll Treasury bond 
2^ Treasury bond 

2^1 Treasury bond 

3-I/8II Treasury bond 
2-l/?it Treasury bond 
2)1 Treasury bond 

Total 

2jt Treasury bond 

2i( Treasury bond 

2-l/21t Treasury bond 
2^ Treasury bond 

Total 



1/1A6 

3/15A6 

3/15A6-56- • • • 
U/15/UIUU6. . . . 
6/l5A6->48.... 
6/15 Afi-"^..-. 
12/15A6 



- 1/1A7 

. 6/1/U5-U7... 

- 6/i5A3-'»7... 

- 9A5A5-'*7... 

- 10/15 A7-52. . . 

- 12/15A7 



3/15/U8-50. . . 
3/15/^-51.. • 
6/l5/'»^'*8..• 

6/15/^ 

9A5A« 

12/15 A8-50... 



5/15AU-U9... 

6/15A6-U9. . . 

6/i"^/U9-5l. . ■ 

9A5A9-51... 
l2/l5/'»9-52. . • 
l2/l5/'*9-53..- 
12/15A9-51--. 



- 3A5A8-50. . . . 

- 3A5/50-52.--- 

- 9A5/50-52. . . . 

- 12/15/IW-50. . . ■ 



Detailed annual aaturltles 



rixed- 

maturlty 

Issues 



7.U23 

202 
1,588 

• S6 

289 

1,506 

629 



32U 

1,609 

279 



2,035 

3,800 

1*21 



20,171 

llU 

515 



571 



Ui6 
283 

635 



2.53'* 
1»12 

718 
1,606 



5U1 
531 



3,808 

16 

503 



3,261 



3,780 

13 



J21- 



71>' 



3.062 
1*51 



3.513 



Callable Issues 
classified by year of 1 



rirst 
call 



U5W 



l,l401 



1,855 



95 



1.519 
779 
835 



1.037 



U,26i* 



755 

1,211* 



1.969 



U89 



1,036 
8I9 



2,3i*U 



759 



rinal 
saturlty 



759 
1,115 
1.223 



571 



2,910 



l.OlU 
1,292 
U9I 
1,786 
2.098 



6.682 

"leges' 

1.186 



3.1'»9 



Total annual — turltlai 



Tlied-naturlty 

Issues plus 
callable Issues 
classified by year 
of first call 



Tlzed-aaturlty 

Issues plus 
callable Issue* 
classified by year 
of final Maturity 



22.026 



zo.xn 



6,798 



l.UOl 



1,U01 



1.519 



1.519 



5.777 



8.53>» 



5.209 



755 

U5U 

l,2lU 



2,1*23 
i!o36 



1,036 
835 

819 



6,12l* 



l,>*73 



6.1*23 



I.65U 
1,115 

"'571' 



1,687 



6,682 



3.i'*9 



5.299 



3.137 



U,5U9 



l.65>» 



1.687 



(Continued on following page) 



27 



Maturity Schedule of Interest-Bearing Public Marketable Securities 

Issued or Guaranteed by the United States^ 

As of January 31, 1043 - (Continued) 



(In mlllloas of dollars) 



Tear 

and 
month 



1951-Mar.. 
Jxina. 
June, 
Sept. 
Sept. 
Dec. . 
Deo., 
Dec. 



1952-Mar. . 
Mar.. 
Hay.. 
Jxrne, 
Sept. 
Oct.. 
Dec, 



1953- June, 
Dec . 
Dec. 



195l+-Mar. . 
June, 
June. 
Dec. 



1955-Har.. 
June. 
June, 
Sept. 
Dec . 



1956-Mar.. 
Mar.. 
June. 
Sept. 



1957 

195S-Mar. . 
Jtine. 



1959-Sept, 

1960-Mar. , 
Dec. 

1961-June 

1962-June 

1963-June 
Dec. 

196U-Mar. 
1965-Dee. 
1966 



1967-JunB 
Sept 



1968-Dec. 

1969 

1970 

1971 

1972-Sept 



Description of security 2/ 



2-3 /Ujf TreaeuTy bond 

2% Treasury bond 
2-3 /'♦if Treasury bond 

25^ Treasury bond 

35^ Treasury bond 

2-l/U^ Treasury bond 

25l Treasury bond 

2j6 Treasury bond 



Total 

2-1/256 Treasury bond 
2/f Treasury bond 

}i HOLC bond 

2-X/kfi Treasury bond 
2-l/25f Treasury bond 
h-l/k% Treasury bond 
3-l/g5S Treasury bond 

Total 

256 Treasury bond 

2-1/256 Treasury bond 
2-1/U56 Treasury bond 

Total 



3/15/U8-51. 
6/I5/U9-5I. 

e/is/ji-s'*. 

9/15/^9-51. 

9/15/51-55. 
12/15/51-53. 
12/15/51-55. 



3/15/52-5^. 

3/15/50-52. 
5/1/1^-52. 

6/15/52-55. 

9/15/50-52. 
10/15/1*7-52. 
12/15/1*9-52. 



6/15/53-55. 
12/15/1*9-53. 
12/15/51-53. 



2-1/256 Treasury bond 
2-3/1*56 Treasury bond 
2-1/1*56 Treasury bond 
U56 Treasury bond 



3/I5/52-5I*. 

6/15/5I-5I*. 

6/l5/5'*-56. 

12/15/1*1*- 5I*. 



2-7/856 Treasury bond 
2-1/1*56 Troasury bond 
256 Treasury bond 

356 Treasury bond 

2^ Treasury bond 



- 3/15/55-60. 

6/15/52-55. 

6/15/53-55. 

9/15/51-55. 
12/15/51-55. 



Total. 



3-3/1+56 Treasury bond 
2-I/256 Treasury bond 
2-l/l*5t Treasury bond 
2-3/1*56 Treasury bond 



3/15/1*6-56. 
3/15/56-58. 
6/i5/5if-56. 
9/15/56-59. 



2-1/256 

2-3/1*56 
Total.. 
2-3/1*56 
2-7/8^ 
2-3/1*56 
Total.. 
356 



Treasury bond 
Treasury bond 



3/15/56-58. 
6/15/58-63. 



Treasury bond 

Treasury bond 
Treasury bond 



9/15/56-59. 

3/15/55-60. 

12/15/60-65. 



Panama Canal 
bond 



2-1/256 Treasury bond 

2-3A56 
2-l/25t 
Total. 
3-1A56 
2-3M 



Treasury bond 
Treasury bond 



6/1/61.... 
6/15/62-67. 

6/15/58-63. 
12/15/63-68. 



FFMC bond 
Treasury bond 



3/15AU-6I+. 
12/15/60-65. 



- 6/15/62-67. 

- 9/15/67-72. 



2-1/256 Treasury bond 
2-1/256 Treasury bond 

Total 

2-1/2J6 Treasury bond - 12/15/63-68. 



2-1/256 Treasury bond - 9/l5/67-72. 



Detailed wnnnwl natnritie* 



riied- 

natnrlty 

Issues 



50 



Source: Dally Treasury Statement, and reports to the Treasury. 

1/ Excludes postal savini^s bonds and Federa' Housing 
Moilnistration debentures. 

2/ tt should be noted that callable Issues appear twice In 
this column, once In the year of first call and again 
In the year of flna] maturity. Callable Issues vrlth 



Callable Issues 
classified by year ofi 



first 
call 



1,627 



755 

1.118 

510 



1*,011 
I.O2I* 



1,501 



2,52l* 
725 



725 



681 



681 

2,611 



2,611 
1,1*1*9' 



982 



2.1*31 



919 



919 



1,1*85 



1,1*85 



2,118 



2,831 



2,831 



2,716 



2,716 



final 
maturity 



1.223 
LOlU 

i!292' 



2,098 



5,628 



1,963 

779 



1,186 
759 
1*91 



5.178 



1,786 

1,118 



2,90l» 

l,02l* 

1,627 



1,037 



3.687 



1,501 
725 
755 
510 



3. '-91 



681 



1,170 



1,1*1*9 



1,1*1*9 

982 

2,611 



2,611 



919 



919 
95 

1,1*85 



2,118 



2,118 
2,831 



2,716 



Total annual maturities 



Tixed-maturity 

issues plus 
callable Issues 
classified by year 
of first call 



1*,011 



2,521* 



725 



681 



2,611 



2,1*31 



919 



1,1*85 

50 

2,118 



2,831 



2,716 



Tized-naturity 

issues plus 

callable issues 

classified by year 

of final maturity 



5.628 



5,178 



2,90l* 



3.687 



3M1 



1,170 



1,1*1*9 
982 

2,611 
50 



919 
95 

1,1*35 



2,118 
2,831 



2,716 



respect to which a definite notice of cell has been made, 
however, are listed as fixed maturities. The abbreviations 
refer to the following corporations: Home Owners' Loan 
Corporation, Reconstruction Finance Corporation, Commodity 
Credit Corporation, Federal Farm Mortgage Corporation, and 
Federal Public Housing Authority. 



m 



<*•* t 
'^'*j 




■'y ♦■:■« 



28 



Offerings of Marketable Issues of Treasury Bonds. Notes, and Certificates of Indebtedness 1/ 

Since January 1, 1939 



(In mllliong of dollars) 



>te of 



oounca- 
■ant 



Cate of 
f Inanc- 



Description of nev Treasury aecurlty Zj 



Data 
of IsauB 



Coupon 

rata 

(parcent) 



Dotes 



Bonds 



Call and 

maturity 

dates 



To call 



Yrs. 



Mos 



To maturity 



Yrs. 



Mos. 



Amount Issued 



Total 



For cash 



Pub- 
lic 



Govern- 
ment 
gccousti 
1/ 



For 



change 



Piiblic 

cash 

sub 

scrlp- 

tions 

tendered 



Description of security refunded 



Class of 
security 



Coupon 
rate 
(per- 
cent) 



Call and 

maturity 

dates 



Date of 

original 

Issue 



Offerings In 1939 



3/6 
6/5 

10/23 
11/27 

12/12 



3/l5| 

6/15 
U/l 

12/8 
12/22 



12/15/38 it/ 

9/15/38 5/ 
12/15/38 6/ 
6/15/39 
11/1/39 
12/8/39 

12/22/39 
12/22/39 



1-1/8 

s/" 

1 



2-1/2 
2-3/^ 



2-1/U 



l2/i5/>»3 

9/15/50-52 
12/15/60-65 

6/15/"* 

3/15/^^ 
12/15/US-50 

9/15/14U 
12/15/51-53 



11 



l/U 



U-l/2 
l/U 

9 

11-3 /U 



53 
319 
ggU 

U16 

515 

571 

283 
1.118 



Offerings in 19^0 



521 



50 



53 
319 
89^ 

Ui6 

515 



283 
1,018 



6.26U 



Treas .note 
Treas.note 
Treas. note 
Treas.note 
Treas.note 

Treas.note 
Treas.note 



2-1/8 
2-1/8 
2-1/8 
1-3/8 
1-3/8 

1-5/8 
1-5/8 



6/15/39 

6/15/39 

6/15/39 

9/15/39 

12/15/39 

3/i5/'*0 
3/15/Uo 



6/15/3"* 

6/15/3"* 
6/15/3"* 
6/15/37 
7/15/35 

3/15/35 
3/15/35 



-377" 
6/10 
7/11 
9/25 
12/11 



3/15 
6/15 
7/22 
10/7 
12/18 



3/13/UO 

6/i5/"«) 

7/22/140 

10/7/Ho 

12/18/1*0 



3/"* 
1 



3/U T 



2-1/1* 
2 



3/I5/U5 

9/15/1*3 
6/l5/5»*-56 
6/15/53-55 
l2/l5/'»5 



10-3/"* 
8-1/1* 



3 

10-3/1* 

8-l/U 



718 
279 
681 
725 
531 



631 



531 



50 



718 

279 

725 



6.605 



U.OTl 



Offerings In 1941 



Treas.note 
Treas, bond 

Treas.note 



1-1/2 
3-3/8 

1-1/2 



6/15/UO 
6/15/UO-U3 



12/15/1*0 12/16/35 



6/15/35 

7/16/28 



1/23 

2/25 

3/19 

5/22 

10/9 

10/23 

12/U 



1/31 
3/15 

3/31 

6/2 

10/20 
u/l 

12/15 



1/31/Ul 
f3/15/»»l 

3/l5/"*l 

f3/15/"*l 1/ 
l3/3i/'*l 

3/l5/"*l 1/ 
6/2/1*1 

10/20 /Ui 

11/1/1*1 

[12/15/'H 1- 
I10/20/U1 ll\ - 



3/U T 
3/UT 



3/U T 
3/UT 



2-1/2 I 



2-1/2 
2-1/2 



2 

2-1/2 



9/15/UU 

3/i5/'*8-50 

3/15/U3 , 
3/15/52-5U 

3/i5/'*3 
3/15/56-58 

3/15/1*6 

12/15/51-55 
9/15/67-72 



11-1/2 

9-1/2 
10-3 /U 



10-3/U 



7-1/2 



11-1/2 
9-1/2 

10-3/"* 

U-l/2 

10-3/U 



635 

32 

1.116 
3? 

1,02U 

1 

l,UU9 
1.596 

503 

533 
1,120 



635 



526 

662 
1.307 



533 
1.070 



50 



100 



50 




2.756 



6.1U5 

8,26s 
10.UU6 



U,728 
6.979 



Treas, bond 
Treas.note 
Treas. bond 
Treas.note 

Treas.note 
Treas.note 

Treas. bond 
Treas. bond 
Treas.note 

RFC note 
CCC note 



3-3/8 
1-1/2 

3-3/8 
1-1/2 

1-3/8 
1-3/8 
3-1/U 
3-1/"* 
1-1 /U 

7/8 
1 



3/15/U1-U3 
3/l5/'*i 
3/15/U1-U3 
3/15/Ui 

6/15 /Ui 
6/15/Ul 

8/l/Ul 

8/i/Ul 

12/15/Ul 

U/l/Ul 

11/15/Ul 

I — 



3/16/31 
3/16/36 

3/16/31 
3/16/36 

6/15/36 
6/15/36 

8/15/33 
8/15/33 
12/15/36 

11/1/38 
11/2/39 



Offerings In I9U2 



1/11 

2/13 

t/6 
5/"* 
5/"* 

5/25 

6/is 

7/8 

8/3 

8/6 

9/10 

9/10 

10/8 

10/8 

10/26 

11/30 
11/30 
11/30 



1/15 



2/25 

U/15 

5/5 
5/15 

6/5 

6/25 
7/15 
8/3 
8/15 
9/21 
9/25 
10/15 
10/19 

11/2 

12/1 
12/1 
12/1 



I/I5/U2 



2/25 /U2 
U/15/U2 

5/5/>*e 
5/i5/"*2 

6/5/"*2 

6/25/U2 
7/i5/"*2 , 
5/5/U2 1/ 
8/15/U2 

9/21/U2 

9/25/U2 

6/5/U2 1/ 
10/19/U2 

11/2/U2 

I2/I/U2 
12/1/U2 
I2/I/U2 

il 



1/2 Ti/ 

I-I/2T 
5/8 T2/ 

7/8 Tl/ 
.65 T2/ 
1-1/U T 
1-1/2 T 

7/8 12/ 



7/8 12/ 



2-1/U T 



2-1/2 
2 



2 
2-1/2 



•3/U 



6/15/U9-5I 



6/15/52-55 
II/I/U2 
6/15/62-67 
9/l5/"*9-51 

12/15/U6 

2/1/U3 
12/15/U9-51 
6/15/62-67 
8/I/U3 
5/l/'*3 
3/15/U5 
12/15/U6 
3/15/50-52 
II/I/U3 

12/15/63-68 
6/15/U8 
12/1 /U3 



10 



3-2/3 
-1.1/3 



1/3 



1/2 



3-2/3 
6-1/2 
1-1/3 
U 

6-1/3 

7 
5 

11-1/2 

7-1/3 
5-2/3 
6-1/3 
5 



1/2 
6-1/2 



l,0lU 



1,511 

1,507 

882 

1,292 

1,118 

1,588 
2.098 
1,236 
1,609 
1,506 
1.606 
2.1U2 
1,963 
2.035 

2,831 
3,062 

3.800 



1,511 
1,507 

882 
1,292 



1,588 
2.098 

1,236 
1,609 
3,506 
1,606 

2,lU2 

1,963 

2.035 

10/ 

2,831 
3.062 
3.800 




1272 



U.697 
3.062 

882 
3.283 



3.11"* 
3.8U9 
1.236 
3.273 
1.992 
3.637 
2,lU2 
1,963 
3.105 

2,831 
3.36U 

5,18U 



Treas, note 
RFC note 
FFMC bond 
FFMC bond 



HOLC bond 
HFC note 



l-S/"* 
7/8 

2-3 /U 



.l/U 



3/I5/U2 
1/15/U2 
I/I5/U2-U7 

3/i/"*2-U7 



7/1/U2-UU 

7/1/U2 



6/15/37 
2/15/39 
1/15/35 

3/1/35 



7/1/35 
11/10/39 



Ctf . of in- 
debtedness 



1/2 



II/I/U2 



U/15/U2 



Offerings In I9U3 



L 



i/a 



2/1 



2/1/U3 



7/812/ - 



2/l/UU 



J_ 



__ 



2.211 



2.211 
10/ 



6.U02 



Ctf. of In- 
debtedness 



5/8 



2/I/U3 



6/25/U2 



Buk Tlpiraa: Tor period batwaen July 1. 1932 "d !>•=«■*" 31. 1938 »" 

Annual Report of the Secretary of the Treasury for 19W. pp. 53-5^- 
taxable Issus. ^ ..^ m 

A complete record of narket financing operations conducted by the Treas- 
ury for agencies Issuing securities guaranteed by the United States may 
be found in the July I9U2 issue of the "Treasury Bulletin", page bU. 
Unless otherwise indicated, each offering was at par. 
The amounts shown in this column were sold to Government investment 
accounts direct fro« amounts set aside for this purpose. 



T 
1/ 



K 



I 

8/ 

10/ 



Additional offering at 101 of security already outstanding. 
Additional offering at 102-1/2 of security already outstanding. 
Additional offering at 102-3/8 of security already outstanding. 
Additional offering at par of security already outstanding. 
Proceeds of payirent of refunded security applied to payment for new 
issue - in effect an exchange and so treated in this statement. 
Certificates of indebtedness. 
Issued primarily for refunding maturing security. 



29 



Offerings and Maturities of Treasury Bills, Beginning January 1, 1942 



Date of 

new Issue 

or of 

maturity of 

old Issue 



Jan. lU. 
Jan. 21. 
Jan. 2g. 

Jeb. k. 
Feb. 11. 
feb. 18. 
Teb. 25. 



Mar. U. 
Mar. 11. 
Mar. l6. 
Mar. 17. 
Mar. 18. 
Mar. 19. 
Mar. 25. 



Apr, 
i^r. 
ipr. 
ipr. 
i^r. 



1. 

8. 
15. 
22. 
29. 



May 6. 

May 13. 

May 20. 

May 27. 

June 3. 
June 10. 
June 16, 
June 17. 
June 18. 
June 19. 
June 2k. < 



July 1. 
Jujy 8. 
July 15. 
July 22. 
July 29. 

Aug. 5. 
Aug. 12. 

Aug. 19. 
Aug. 26. 

Sept. 2. 
Sept. 9. 
Sept. 16. 
Sept. 17. 
Sept .23. 
Sept. 30. 



Data on sew issues 



Oct. 7 

Oct. lU 

Oct. 21 

Oct. 28... ./t. 



Not. h. 

Not. 12. 

Not. 18. 

Not. 25. 

Dec. 2. 

Dee. 9. 

Dec. 16. 

Dec. 23. 

Dec. 30. 

19'*3-Jan. 6. 

Jan. 13. 

Jan. 20. 

Jan. 27. 



Maturity 
date 



19'«-Mar. 19. 

Apr. 15. 

i^>r. 22. 

^r. 29. 

May 6. 

May 13. 

May 20. 

May 27. 

June 3. 

June 10. 



June 17. 

June 16. 

June 18. 
June 19. 
July 15. 
July 22. 
July 29. 

Aug. 5. 
Aug. 12. 
Aug. 19, 
Aug. 26., 



Sept. 2. 
Sept. 9. 

Sept. 16. 



Sept. 17. 

Sept. 30. 
Oct. 7. 
Oct. Ik. 
Oct. 21. 
Oct. 28. 



Nov. k. 

Not. 12. 

Not. 18. 

Not. 25. 

Dec. 2. 
Dec. 9. 
Dec. 16. 

Dec. 23. 
Dec. 30. 



19'+3-Jan. 6. 
Jan. 13. 
Jan. 20. 
Jan. 27. 

Feb. 3. 
Feb. 10. 
Feb. 17. 
Feb. 2k. 



Mar. 3. 

Mar. 10. 

Mar. 17. 

Mar. 2k. 

Mar. 31. 

Apr. 7- 
Apr. Ik. 
Apr. 21. 
Apr. 28. 



Number of 
days to 
maturity 



71 
91 
91 
91 

91 
91 
91 
91 

91 

91 



91 
23 

78 

72 

91 
91 

91 

91 
91 
91 
91 

91 
91 

91 

85 

91 
91 
91 
91 
91 

91 
92 
91 
91 

91 
91 
9X 

91 
91 

91 
91 
91 
91 

91 
90 
91 
91 

91 
91 
91 
91 
91 

91 
91 
91 
91 



Amount of cash 

subscriptions 

tendered 



(In mllUons 
of dollars) 

351.6 
381*. 7 
351.6 
371.5 

1»10.1 

Uoo.o 

31*2.1 
385.8 

510.2 
1*71.3 



535.5 
512.8 

356.7 

33i*.l 
311.2 

332.7 
375.1* 



51*6.1* 
567.2 
1*61.3 



1*96. 
690, 



801.3 



712.6 

671.5 
61*6.1 
650.7 
679.3 
6U5.2 

583.0 
59i*.0 
711.5 
891.6 

872.9 
709.8 

882.3 
797.1 

725.6 

773.2 
71^.1 
981*. 8 
893.2 

905.7 
1,013.2 

1.157.1* 
1.1U9.2 

1,220.3 
1,222.9 
1.293.8 
1,220.8 

930.3 

1.21*2.6 
1.228.7 
1,306.7 
1.016.8 



Source: Accounts of Public Debt SerTlce 
Back nffire^: Annual Beports of the Secretary of the Treasury. 
1/ Bank discount basis. 



Bids accepted 



Amount 



500, 
501, 
501, 
501. 



503.2 
50lt.8 
600. 8 
601.1 

603.0 

600.1 
faoi.5 

701.5 

702.2 



(In millions 

of dollSTsI 



150.2 
150.0 
150.3 
150.2 

150.1 
150.0 
150.0 
150.1* 

150.5 
150.2 



150.3 
150.3 

150, U 

150.9 
150.1 
150.1 
150.1 

150.!* 
250.7 
251.7 
251.0 

251.3 
300.8 

301.0 



301.1 

301.9 
300.1 
301.2 
351.9 
350.3 

352.6 
350.7 
352.1* 
353.0 

350.9 
351.2 

1*02.1 

1*01.5 

1*01.1 

1*00.2 
1*00.1* 

505.1 

50i*.6 



Arerage 

price 

per hundred 



EquiTalent 
average 
rate 1/ 



99.91*0 
99.970 
99.950 
99.91*2 

99.91*1* 
99.937 
99.933 
99.933 

99.91*1* 
99.91*2 



99.951 
99.953 

99.952 
99.91*7 
99.929 
99.920 
99.915 

99.910 
99.907 
99.908 
99.908 

99.908 
99.907 

99.908 



99.911* 

99.909 
99.908 
99.908 
99-907 
99.907 

99.906 
99.905 
99.906 
99.907 

99.907 
99.907 
99.907 

99.906 
99.906 

99.907 
99.906 
99.906 
99.906 

99.906 
99.907 
99.906 
99.907 

99.907 
99.907 
99. 908 
99-908 
99-908 

99.910 
99. 908 

99.907 
99.906 



Amount of 
maturing 



(Percent) 



O.30I* 
0.119 
0.196 
0.231 

0.220 
0.250 
0.263 
0.266 

0.222 
0.229 



0.195 

0.203 

0.221 
0.261* 
0.281 
0.317 
0.335 

0.358 
0.368 
0.365 
0.365 

0.365 
0.366 



0.365 



0.362 

0.360 
0.365 

0.365 
0.36? 
0.370 



■372 
.372 
•372 
.369 

.367 
,368 
,369 



0.370 
0.373 

0.369 
0.373 
0.373 
0-373 

0.373 
0.373 
0.371 
0.370 

0.36s 
0.367 
0.36I* 
0.363 
0.365 

0.357 
0.363 
0.366 
0.370 



Tots', bills 

outstanding 

(as of date 

thovn in 

first column) 



Un mlllioas (In millions 
of dollars) of dollars) 



150.5 
150.2 
150.3 
150.3 
150.1* 
150.9 



150. 
150. 
150. 

150. 
250, 
251. 
251. 



251.3 
300.8 
301.0 
301.1 

301.9 



300. 
301. 
351. 
350. 



352.6 
350.7 
352.1* 
353.0 

350.9 
351.2 

1*02.1 
UOI.5 
1*01.1 



1*00.2 
1*00.1* 
505.1 

50l*.6 



100.1* 


2,051.3 


100.2 


2,101.1 


150.2 


2,101.3 


150.0 


2.101,5 


150.1 


2,101.1* 


150.0 


2.101,5 


200.2 


2.051.3 


200.0 


2.001.7 


200.2 


1.952.1 


150.0 


1.952.3 


150.2 


1.802.1 


150.0 


1,652.1 


150.0 


1,652.3 


150.2 


1,502.1 


- 


l,652.U 


- 


1.802.8 


- 


1.953.7 


150.0 


1.953.7 


150.3 


1.953.1* 


150.2 


1.953.1* 


150.1 


1.953.7 


150.0 


2,05!*. 3 


150.0 


2.156.0 


150.1* 


2,256.6 



2,357.1* 

2,508.0 

2.357.7 

2. 50s. 5 

2.;-;3.i 

2,2J7.2 
2,508.3 

2,810.2 
3.110.2 
3.261,1* 

3. '"^-.2 

3.6b3.3 

3.865.5 
3.965.5 
1*. 066.2 

l*,l6S.2 

u. 267.7 

1^,318.2 
1*. 1*19. 2 
1*, 118.1 

'*.519.7 
U.6I8.9 

1*. 719-0 

1*,81S.2 
l*,971.5 
5,125-7 

5.273.3 
5.1*2!*.0 
5.573.2 
5.721.1* 

5,873.8 
6,027.3 
6,226.1 
6,1*25.6 
6,627.5 

6,827.1* 
7.028.5 

7.225.0 

7.1*22.7 



^ 



30 



Sales of United States Savings Bonds 
Table 1.- Summary, by Series 



Fiscal year 
or Bonth 



1935 

1936 

1937 

1938 

1939 

19'W 

19U1 

13^2 

I9U2- January . ■ • 
February • • 
March 

April 

May 

Jujte 

July 

Jluguat . . . . 
Septeaber . 

October. . . 
Hovember. . 
December . . 

19U3- January ■ ■ ' 



1935- 
1936- 
1937- 
1938. 
1939- 
19U0. 
19U1. 
19U2. 



151*2- January. . 
February . 
March 



April. 
May.. . 

June. . 



July 

Au^tt . . . . 
Septesber. 



October . . 
HoTeaber . 

December . 



Aoount 
outetandlng 

end of 
fiscal year 
or month 1/ 



Set 

change 

during 

fiscal year 

or month 



7 

7. 

8 

8 

9. 
10. 

11, 
11, 

12, 

13 
lU 

15 
16 



198.3 
893.1* 
'*35-9 

951.0 
569.0 
188.2 

077-8 
,751-2 

,1*78.8 

,380.8 
,078.9 
,01*9.8 

2l*6.1 



I9U3- January . 



62.0 

316.1 

799-6 

1.237-7 

1,868.1 

2, 901*. 7 
3.650.2 

3.60H.2 

3. 618. 5 
3.616.5 
3,612.1* 

3,608.9 
3.60U.8 

3,601*. 2 

3.609.7 
3,608.2 
3.606.3 

3,6oi*.2 
3,602.6 
3.603.2 

3.608.9 



+1.058.6 
+695.1 
+51*2.5 

+515.1 
+618.0 
+619.2 

+889.7 
+673.3 
♦727.6 

+902.0 
+698.0 
+970.9 

+1.196.3 



+62.0 
+251*. 1 

♦1*83.5 
+1*38.0 
+630.5 
+1.036.6 
+7U5.5 
-1*6.1 

+2.1* 
-2.0 
-l*.l 

-3.5 

-k.l 

-.7 

+5.6 

-1.6 
-1-9 

-2.2 

-1.6 
+ .6 

+5-7 



(In millions of dollars) 



Analysis of net change 



Oross sales 



Total 

funds 

received 



Adjustment 
of sales 
reported 
to funds 

received 2/ 



All series U/ 



62.0 


♦62.0 




316.1 


♦25i*.l 




799.6 


♦U83.5 




1.237.7 


♦ l*}g.O 




1,868,1 


+630,5 




2.90U.7 


♦1,036.6 




U,3lU.O 


♦1.U09.3 




10.188.2 


♦5.87U.2 





62.6 

26U.0 

512.6 

1*87.5 

68U,5 

1,108.7 

1,1*92.1* 

5.99'*.l 

1,060.7 
703.3 
557.9 

530.5 
631*. 1* 
633-9 

900.9 
697.3 
75^-7 

935-0 
73'* -6 

l,0ll*.2 
I.2I+O.I* 



62.6 
26U.O 
512.6 
1*87-5 
681*. 5 
1.108. 7 

828.0 



-65.1 
-13.0 

-68.6 

+U7.6 

+37.7 

-3-5 

+16.0 

+5-8 

-3-3 
+27.3 
-70.6 

+132.8 
+10.8 

-20.5 

+9.7 p 



Series A-D 



53'*-0 
6I8.I* 
628.2 

90l*.2 
669.9 
825.2 

802.2 

723-7 

1.031*. 7 



62.6 
26U.0 
512.6 

'MS7-5 

68lt.5 

1.108.7 

828.0 
.8 

.1 
.1 



(Continued on followloe page) 




1.2 
7.2 
17.1 
28.0 
1*2.1 
65.0 

85-9 

13. t 
7.6 
6.6 

5-9 
i*.8 
7.3 
13.2 
7-5 
6-5 

5.8 
i*-7 
7-3 

13.3 



■ 5 
11.2 
36.2 
66.6 
82.0 
IIU.3 
l'*7.5 
132.7 

11.1 
9.6 
10.7 

3.k 
8.8 
7-9 

7-6 
9.0 
8.1* 

7.9 
6.3 
6.7 

7.5 



• 5 
11.1 

65.6 

80.0 
110.8 
ll*2.2 
126.2 

10.5 
9.1 
10.1 

8.9 
g.U 
7.'* 

7-2 
8.1* 
7.8 

7.U 
5-9 
5/ 

5/ 



.3 

1.1 

2.0 

!•' 
6.5 

.6 
.5 
.6 

■ 5 
.5 
.5 

.5 
.6 
.6 

.5 

.k 

5/ 

5/ 






31 



Sales of United States Savings Bonds - (Continued) 



nscal year 
or Bonth 



191*1. 
1942. 



igltS-January . . 
rebruary. 
March 



April. 
May... 
June. . 



July 

Au^Bt . . . . 
September. 
October. . . 
NoTember . . 
December . . 
19'»3- January. .. 



I9U1. 
191*2. 



191*2- January.. 
February. 
March 



April. 
May... 

June. . 



July 

August 

September. 
October . . . 
November . . 
December . . 
191*3- January... 



191*1. 
19U2. 



19'*2- January.. 
February. 
March 



April. 
May... 
June. . 



July 

August 

September. 
October . . . 
Hovember. . 
December. . 
19l*3-January... 



Table 1.- Summary, by Series - (Continued) 

(In millions of dollars) 



Amount 
outstanding 

end of 
fiscal year 
or month 1/ 



203.1 
3.670.8 



.798.1 
a9l-5 
519 -9 
836.6 
31*8.9 
670.8 
165.1 
600.8 

088.8 
726.3 

237.1* 

923.2 
693.7 



66.6 
1*98.9 

281*. 6 

336.0 
376.7 
1*16.3 

1*58.1* 

1*98.9 
572.2 
623.8 

faS4.0 

7'*1*.2 
7S8.6 
853.9 

929.8 



Source ; 
P 

r 

* 

i/ 



5? 



39'*.o 
2, 1*14.3 

1. 1*97.2 
1.749.3 
1.926.9 

2,089.2 
2.256.9 

2,4ll*.3 

2.730.8 

2,918.5 
3.099.7 

3.306.1 
3.1*50.3 
3.669.5 

i*.oi3.7 



Net 

change 

during 

fiscal year 

or month 



+203.1 
+3.1*67.7 



+664. 
♦393. 



3.4 
+328.4 

+316.7 

+1*12.3 

+1*21.9 
+494.3 

•^35.7 

+488.0 

+637.5 
+511.1 
+685.8 

♦770.5 



_L 



+66.6 
+432.3 

+77.3 
+51.4 
+40.7 

+39.6 
+42.1 
+1*0.5 

+73.3 
+51.6 
+60.2 

+60.3 

+44.5 
+65.3 
+75-8 



Orose sales 



Total 

funds 

received 



Adjustment 
of sales 
reported 
to funds 

received 2/ 



203.1 
3.526.3 

667.1* 

398.0 
337.6 

326.7 

1+21.8 
'*33.2 
508.1 
1*5"*. 
509.9 
664.8 
51*1.6 
725.8 
814.9 



66.7 
434.9 

77.6 
51.8 
1*1.1 

1*0.0 
42.5 
1*1.0 

73.7 

60.8 
60.6 
44.8 

6fa.o 
77.1 



Series G 



-15.3 



+31.9 
+10.1 

-6.8 

+5.1* 
+14.2 

+7.7 
+13.5 

-33.1 r 
+81. 3 
+1.2 

-16.4 

+5.6 p 



Series T 



-8.3 
-2.0 

-6.0 
+12.0 

+4.4 

+1.8 

+.8 

-.8 
-1.6 

11 

+11.1 

+2.9 

-.6 

+1.5 p 



Series 



+39"*. 


39'i.6 


-56.8 


+2.020.3 


2,032.1 


+'*.3 


+3ii*.l* 


315.6 


-62.6 


+252.2 


253.1* 


+73-6 


+177.6 


179-2 


+23.1 


+162.2 


163.8 


+1.5 


+167.8 


170.1 


+9.8 


+157.'* 


199-7 


-7-5 


+316.5 


319-1 


-9.U 


+187.6 


191 -0 


+10.0 


+181.3 


184.0 


-29.0 


+206.4 


209.6 


+40.4 


+144.2 


148.2 


+6.7 


+219.2 


222.4 


-3.5 


+31*1*. 3 


31*8.1* 


+2.5 p 



Dally Treasury Statements and reports of gross sales. 
Preliminary. 
Revised. 

Less than $50,000. 

At current redemption values except Series G, which is stated at 
par. Unclassified sales shovn In the Dally Treasury Statement 
have been classified by series. 

Series A-D data are shown only on a funds received basis. 
t« iff i^k," "* ""^ available on a sales reported basis prior 
to July I94I; consequently data for the fiscal year 194l are on 
a funds received basis. ^ '"•'"'' 

Estimated, except for Series 0. 

ff""^*! tZ^' 'u* "^' of which commenced in .March I935 and con- 
so ratyS^ff *P^il 19tl. are 10 year discount bonds which ^ere 
llLtlJ?^ maturity value, yielding 2.90^ per annum If held 
to maturity; purchases were limited to $7,500 Issue price in any 



Analysis of net change 



Sales 

reported 

if 



203.1 
3.5^1.6 

667 -U 
366.1 
327-5 

333.1* 
1*16.5 
1*19.1 

500.5 

1*1+0.5 

5^3.0 r 

583-6 

51*0.3 

71*2.2 

809.3 p 



75-0 
'*37.o 

83-5 
39-8 
36.6 

38.2 
41.7 
41.9 

lU 

69.2 
49.5 
1*1.9 
66.5 

75.6 p 



451.4 
2,027.8 

378.2 

179.8 
156.1 
162.4 
160.3 
167.2 

328.4 
181.1 

213.0 
169.2 
141.5 
225.9 

31*5-9 P 



Accrual 

of 

redemption 

values 



1-5 



.8 

• 7 

1.0 

•7 
.7 

.8 
1.5 
3.8 

5.2 



Redemptions 



Total 



60.0 

2.9 

"♦-5 

9-2 

9.9 

10.4 
12.0 
l4.8 
19-0 
22.5 
28.1 
32.0 
43.8 

1*9.7 



2-9 



■5 
11.8 


1.2 


1.2 


1-7 


1.6 


2.3 
2-3 


f:5 

2.8 


^.■1^ 


3.2 


1*.2 



Original 
purchase 
price 2/ 



60.0 

2.9 
■♦.5 
9-2 

9.9 
10.1* 
11-9 

l4.8 

19.0 

22.5 

28.1 
32.0 

43.8 

49.6 



2-9 



-5 

11.8 

1.2 
1.2 
1.7 

1.6 
2.3 

2.3 

3-i+ 

2.« 

3-2 



Interest 

accrued 

1/ 



5/ 

5/ 



5/ 



r!,^^'°f" ^l" ^^ ^'■'"° ^P*"^^ ^' ^9'*°' <=°^ld 1=6 made only by 
individuals. Series B, 7. and G have been on sale sir.ce May l, 1941. 

rJ!f i\^/° ^*" '"»<=<«*»' tond sold at 75^ of majority value. 
» if ?f. ;^^ P" ""™ ^' ^*" *° maturity; purchases are limited 
11 , aI^a ^'^ ^^" ^° "^ ""^ calendar year and may be made only 
by individuals. Series 7 is a 12 year discount bond .old at Jki of 
maturity value, yielding 2.5356 per annum if held to maturity. 
series G is a 12 year current income bond, sold a* par, bearing 
interest at the rate of 2-1/2^ per annum, redeemable at par on^ 
maturity, or at stated prices less than par before maturity. Pur- 
l^n^^r^^.^"^"^ r and in any one calendar year are limited to 
$100,000 issue price for the two series combined ($50,000 in the 
calendar year I941) and may be made ly any Investors other than 
commercial banks. 
Not yet available. 



32 

Sales of United States Savings Bonds - (Continued) 
Table 2.- Sales Reported by Series, Classified by Denomination 



riical /••r 
or month 



19U1 Xj . 
19U2 



19U2-JUI11W7.. 
Iter eh 



April. 
M«y... 
Joaa. . 



Jnljr 

Aofuit 

8«pt«ab*r. 



October. . 
IoT«ab«r . 
Dieaabar. 



19U}-JuiujJ7 p. 



Sftl*i In Billion* of lollari at Isio* prio* 



Total 

all 

danoal- 

natioaa 



DanOBinatloa 



•25 



•50 



(100 



»500 



ll.OOO 



$5,000 



$10,000 



Paroanta^e diatributlea of aalaa 



lotal 

all 

daaoBl- 

natloaa 



IJanoBlaatioa 



$35 $50 $100 $500 $1,000 $5,000 $10,000 



Sanaa I 



XSh\ 1/ 

19'*2 

19l«2-Jaaaar7. . . 
Tebruary. . 
March 

April 

>«ay 

Juna 

Jul7 

Ao^uat . . . . 
Septaabar 

October . . . 
loraaber . . 
Dsceabar . . 

1943-Jasaar7 p. 



203.1 
3.5^1.6 

667. U 
366.1 
327.5 

333. >* 
IH6.5 
U19.I 

WO. 5 
5^3.0 

583.6 
5^.3 
71*2.2 

809 .3 



11*. u 

607.7 

72.1 

76.0 
105.1* 
127.3 

1J2.6 
162.3 

193 .•* 

217. 1» 
210.2 
265.2 

261.9 



13.3 

31*1.8 

55.1 
33.0 
33.8 

35-5 
^7.2 

50.5 
59.0 

75.8 

73.1 

100.1 

118.8 



Ul.l* 
8I7.7 

135.2 
86.1* 
79.2 

80.6 
101.8 
100.7 

IIU.6 

98.9 

120.7 

126.8 
117.3 
163.3 

152.1* 



1*0.7 
61*3.1* 

138.9 

68.8 
56.5 

57.1* 

69.U 
3 
3 



fv 



69.9 
61.5 
92.5 

97.5 



93.1* 
1.131.0 

266.1 

125.2 

91.8 

87.0 

97.1* 
83.1 

10U.8 

70.3 

92.2 

93.5 

78.2 
121.1 

178.7 



I9UI 1/ 

191*2 

19l*2-Jaimar7 £/. 
hbroarj. . . 
Mardi 

April 

May 

Aua 

July 

Au^at 

Sapteabar.. 

Octobar . . . . 
loTaabar . . . 
DseaBbar . . , 

19l*3-Jannar7 p. . 



75.0 

1*37.0 

83.5 
39.8 
36.6 



I 



8.2 

1.7 

1*1.9 



1*8.1* 
69.2 

1*9.5 
1*1.9 

66.6 
75.6 



1.3 

.2 

.2 

.2 

.2 
.2 
.2 

.2 
.2 
.2 

.2 
.2 

• 5 



U51.U 
2,027.8 

378.2 

179.8 

156.1 

162.1* 

160.3 
167.2 

328.1* 
181.1 
213.0 

169.2 
IUI.5 
225-9 

31*5.9 



.9 
19.3 

3.7 

2.7 
2.2 

1.9 

1-9 

1.8 

2.0 
1.5 
1.8 

1.6 

2.7 
2.1 



2.1 
27.1* 

5.2 
3.0 
2.8 

2.5 
2.7 
2.7 

n 

3.'* 

'2:^6 
i*.i 

3.2 



1U.2 
123.7 

20.3 

11.5 

10.8 



15.5 

13-5 
20.1 

16.3 



13.6 
92.0 

15-3 

8.2 

7.5 

n 

9.1* 
1U.9 

10.2 
IU.6 

12.2 
10.0 
15.5 

1U.8 



UU.2 

173.'* 

38.9 
lii.S 
13.1 

lU.o 
1U.9 
IH.7 

37.1* 

20.7 
30.0 

16.6 
13.9 
23.6 

38.8 



Series Q 



50.6 

8.1 
1*.8 
U.7 

5.0 
5-7 
5.5 

7.1 
U.9 
5-7 

5."* 
5.0 
7.1* 

7.1* 



12.2 
112.7 

20.6 
10.3 
10.3 

10.7 
ll.U 
U.O 

15.7 

10.6 
13.0 

12.0 
10.5 
16.3 

19.1 



90.7 
576.0 



^ 



5.8 
1*7.0 



50.1 
52.5 
51.6 

73-2 
50.0 
60.9 

53.9 
H7.3 
69.2 

80.1 



8O.9 
1*03.5 

62.1* 

35-2 
31.2 

31*. 1 
3U.1 
35.8 

52.0 

35-6 
45. 8 

36.U 



52.5 



262.1* 
sgi*.9 

191.2 
79.8 
62.9 

62.U 
56.6 
63.3 

180.1* 

79-8 
87.7 

61.5 
1*8.5 
85.5 

186. 7 



100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



7.1 

17.2 

10.8 
lU.l* 
20.2 

22.8 
25.3 
30.4 

30.5 
36.9 
35.6 

37.3 
38.9 
35.7 

32.1* 



6.' 
9-t 

8. 

9 
10 

10. 
11 

12.1 

11.8 
13.1 
12.8 

13.0 
13.5 
13.5 

11*. 7 



20.1* 
23.1 

20.3 
23.6 
2U.2 

21*. 2 
2U.5 
2U.O 



22.9 
22.1* 
22.2 



21.7 
21.7 
22.0 

18.8 



20.0 
18.2 

20.8 
18.8 
17.3 

16.3 
15.5 
13.7 

13.9 

11.6 
12. U 

12.0 

11.1* 

12.5 
12.0 



1*6.0 
31.9 



? 



9 

.2 
28.0 



26.1 
23.1* 
19.8 

20.9 

16.0 
17.0 

16.0 

1U.5 
16.3 

22.1 



100.0 
100.0 

100.0 
100.0 

100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



1.2 

l*.l* 

l*.U 
6.8 
6.1 

i*.9 
'*.5 
'*.3 

2.6 
3.2 
2.6 

3.8 

i-x 

2.7 



2.8 

6.3 

6.2 
7.'* 

7.5 

li 

6.1* 

l*.l* 

5-3 

i*.9 

6.3 

6.1 
6.1 

'*.3 



18 .9 
28.3 

2U.3 

28.8 

29.5 
29.3 

30.2 

31."* 

23.2 
27.5 

27.7 
31.3 

32.2 

30.2 
21.5 



18. 
21. 

18. 
20. 
20. 



22.2 
22.5 
22.3 

19.8 
21.0 
21.1 

2U.6 
2U.0 
23.3 

19.6 



Soorea: Eaporta of crot* aalat. 
p PrallBinarj. 
r BaTlaad. 



1/ Salea of Series I, 7, and bonds conmenced May 1, I9U1. 

2/ Sale of $25 denomination Series T bonds began in January 19U2. 



58.9 
39.7 

1*6.6 
35.8 
35.7 

36.6 
35.8 
35.0 

1*9.7 
1*2.7 
U3.1* 

33.6 
33.2 
35-5 

51.U 



















100.0 

100.0 






1.2 
2.5 


5.6 


20.1 

28.U 


17.9 
19.9 


S-i 


100.0 
100.0 
100.0 






2.1 

2.7 
3.0 


5.5 


25.3 

27.6 

30.1 


16.5 
19.6 
20.0 


U0.3 


100.0 
100.0 
100.0 






3.1 

3.5 
3.3 


6.6 


30.9 
32.8 
30.9 


21.0 
21.3 
21. U 


38.1* 

35.3 
37.9 


100.0 
100.0 
100.0 






2.2 

2.7 

2.7 


1*.8 

5-9 
6.1 


22.3 


15.8 

19.7 
21.5 


tx 

Ul.l 


100.0 
100.0 
100.0 






3.2 

3-5 

3.3 


7.2 


30.6 


21.5 

21.U 
21.1 


36.1* 
31*. 3 
37.8 


100.0 






2.1 


5.5 


23.2 


15.2 


5l».o 



33 



Sales of United States Savings Bonds - (Continued) 
Table 3.- Sales Reported by Series, Classified by States 



state 



Alabama. . 
Arizona. . 
Arkansas . 



California. . 
Colorado . . . . 
Connecticut. 



PART A - SERIES E 
(In thousands of dollars at iaaiie prices) 



Fiscal year 



ig"*! 
1/ 



Selavare 

Dlst. of Colvmbli 
Florida 



fleorgla. . 

Idaho 

Illinois. 



Indiana, 
lova. . . . 
Kansas. . 



Kentucky . . 
Louisiana, 
Maine 



Maryland 

Massachusetts 
Michigan 



Minnesota. . . 
Mississippi. 
Missouri. . . . 



Montana.. 
Nebraska. 
Nevada. . . 



New Hampshire. . 

New Jersey 

New Mexico 



New York 

North Carolina. 
North Dakota.. . 



Ohio 

Oklahoma. 
Oregon. . . 



PeansylTanla. . . 
Bhode Island... 
South Carolina. 



South Dakota. 
Tennessee . . . . 
Texas 



Utah 

Vermont . . 
Virginia. 



Washington 

Ifest Virginia... 

Wisconsin 

IJyomlng 



llaska 

Sanal Zone 

Jawal 1 

Puerto Eloo 

'Irgln Islands. . . 
Jther possessions 



rnallocated. 
!otal 



1.381 
711 
9U0 

9.920 
1.793 
3.9'*3 

ii69 
2.592 
2.1*87 

1,0*2 

1*85 

i'*.737 

3.61*^ 
2.71*3 
1.879 

1.835 

l,82l* 
1,083 

2,71*5 

9.110 

8.108 

3. 621* 
901 
7.1*83 , 

771 

1,381* 

ll*9 

595 

9.901* 

2l*3 

1*1*, 582 

1,1*92 

"75 

10,886 
2,302 
3,151* 

li*.i*U3 

1.1*78 

871* 

1+1*9 
1.707 
8.717 

i*7U 

1*86 

2.319 



778 
187 
607 
339 



220 



203,098 



191*2 



28,996 

10.313 
21,1*01* 

260, 522 
21*. 81*5 
77.51*3 

7.629 

3i*.8it7 
39.555 

35.61*2 

9,81*0 
282.019 

76,661 
69.558 
35.310 

31*. 293 
36.799 



7^1 



1*8,91*1* 
11*1.196 
160,150 

71.181 
22.973 
9l*.8O0 

17.710 

26,01*5 
i*,3'*o 

11,71*2 

160,538 

6,978 

587,179 
1*2,297 
11,391* 

190,262 
3l*,l*82 
37.391* 

283,679 

21*, 268 

18.757 

11.783 

36.73^ 

126,051* 

9.919 

7.550 

56.199 

57.921 

27,61*2 

77.668 

7.066 

2.960 

16.609 

1.726 

91 

ii* 

1.1*72 



3.5^1.55^ 



191*2 



Jan. 



5.321* 
1.81*0 
3.715 

51,631* 

'*.373 

13.613 

1.217 
5.531 
7.01*8 

6,51*0 

1.531 

52.726 

12,S60 

9,1+60 

5.868 

6.1*91* 
6.876 
3.11*5 

9.735 
27.196 
25.791* 

12.51*7 

i*,6o6 

15.687 

2.950 
i*,i6i 

821 

2.300 

31.895 

1.21*6 

130,656 
7.1*61 

l.9'*6 

37.2i*i* 
6,783 
6,711* 

5i*,i+09 
1*.158 
2.71*1 

1.851 

6,990 

21,952 

1.905 

1.533 

10,260 



Feb. 



9,070 

5.5I8 

ll*,029 

1.275 

356 

1.1*61* 

333 

23 



667,1*07 



2.702 
958 

2,21*6 

31.921 
2.105 
8.691 

863 
3. 608 
i*,l+07 

3.1*50 

91*9 

27.933 

7.710 

5.880 

1*.628 

3.622 

3.776 

1.930 

5.512 
16,631* 
16,151* 

7.122 

2,678 
8,856 

1.787 
2.738 

'*75 

1.1*10 

16,092 
672 

61,589 
'*.332 
1.298 

17. 680 
3.197 
'♦.383 

27,01+2 
3.301* 

1.738 

1.212 

3,61*0 
12.362 

1.017 

5,' 5*2 



6.883 

2,882 

7.575 
701 

306 

626 

166 

11 



Mar. 



366,055 



2, 1*60 

970 

2,107 

2l*.68g 
2,189 
7.232 



753 
3.330 

l*,206 

2.995 

908 

26,688 

7.866 
9.91*7 
3.8U7 

3.1*67 
3.728 
1.558 

"+.095 
12.525 
15.781 

6.893 

2.281* 

8.21*1* 

1.823 

3.058 

1*19 

1,128 

11*, 076 

609 

1*6,951* 
3.821* 
1.130 

17.556 

3.025 

3.318 

25.856 
2.U67 

1.897 

1,270 
3.502 

12.161 

917 

613 

■♦.865 

5.579 

2.522 

7.511 

68U 

'♦33 

106 

1.167 

211 

15 



35 



327.1*95 



Apr. 



2.713 
1,01*0 
2,118 

21.739 
2.581+ 
7.296 

756 
3.1*70 

1*. 1*1*3 

2.958 

1,01*7 

25.551* 
7.560 

9.283 
2.999 

3,051 
3,190 
1,6S8 

'*,103 
12.956 
16,202 

7.659 
2,130 
8,235 

1.633 
3.213 

379 

1.015 

13.816 

826 

52.935 
3,669 
1,113 

17.537 
2,892 
3.079 

28.823 

2.366 
2.209 

1.392 

3.138 

11.089 

953 

688 

5.381 

5.192 
2.1*70 
7.121* 

712 



Hay 



353 

.236 



263 



333. W* 



3.921* 

1.1*18 

2,992 

28,900 

2.795 
9.199 

909 
3.767 
"♦.979 

1*,721 

1.399 

35.79'* 

9.961 
9.81+6 
3,912 

i*,086 
i*.627 
2.179 

5.052 
15.863 
20.965 

8,898 

2,632 

11.287 

1,827 

3.266 

513 

1,1*03 
16,066 

802 

57.239 
6,163 
1,1*76 

23.850 
1*.210 
I+.I65 

31.763 
2.71*1 

2.523 

1.61*7 
l+,8lH 

15,266 

1.339 

788 

7.136 

8,208 
3,089 
9,280 

737 



1+85 
165 
,605 
189 



553 



1*16,1*50 



June 



'*.513 
1.11*9 
2.573 

31.13? 

2.81*4 
10,1*30 

1.037 
1*.1*23 

i*.269 

1*,282 

1,132 

32.851* 

10,791* 

10,752 

1*,158 

'♦.399 
'♦.757 
2.131 

5.596 
16.1*02 
23 . 656 

9.W+ 

2.I+5I+ 

10,961 

1.706 

3.037 

501 

1.509 

17.298 

763 

57.763 
5.090 
1.311 

22.799 
3.789 
'♦.571 

32.11+9 
3.005 
2.668 

1.1*58 

'*.676 

13,775 

i.lii* 

766 
7.095 

7.569 

3.211 

10.527 
779 



2.566 
160 

10 



621 



July 



6.671 
1,626 
2,921* 

37.157 

3.306 

11,180 

1.103 

i*.i*3i* 
5.'*8l 

5. '♦21 

1.285 

38.891 

11,801 

11,056 
1*,680 

5.61*3 
5,8S6 
2,1*07 

6,551* 

18,126 
25,690 

10,1*1*3 

3. 094 

11,067 

2,232 

3.656 

656 

1.791 

18,505 

909 

1.575 
31.152 

i*.i*7i 
6.337 

36,801 
3.305 
3.091 



Aug. 



1*19.072 



1.685 

6.591 

16.791 

1.1*63 

967 

8,160 

9,025 

3.81*6 

11,1*02 

869 

577 

100 

6.163 

221 

2 



813 



500, U56 



(Continued on following page) 



5.262 
1,1*22 
2.522 

33.1*35 
3. '+12 

9.91*8 

1,121* 

i*,760 

'♦.563 
5.007 

l.'*37 
33.598 

11.112 

9,729 
5.269 

i*.97i* 
1+.923 

2.221+ 

6.2I+6 
18.212 
19.790 

8.952 

2.519 

10,236 

l,8l6 
3.1*19 

61*3 

1.600 
16,688 

880 

5i+.9yo 
5.91*'* 
1.306 

27.876 
'*.67i* 
5.671+ 

35.058 
3,571+ 

3.002 

1.351* 

5.993 
15.202 

1.507 

81*1* 
8.291 

9.177 

3.338 

10,358 

831 

592 

130 

3,838 

i6i* 
5 



1.1*23 



1*1*0,1*67 



Sept . 



6.238 
1.655 
3.202 

1*0.909 

3.933 
10,306 

I.71I* 

1*.728 

5.71+9 
6.169 

1,820 

38.701 

14,1*1*0 
10,908 

6,1*11* 

5.139 
5,663 
2.209 

6.775 
17.850 
3'*,ii5 

11.203 

2,776 

12,586 

2.26U 

i*.589 
865 

1,825 

22.961 

881 

72.759 
8.915 
I.61I* 

31*. 072 
5.020 
6,956 

l*3.80l*r 
2.653 
1*.152 

1.605 

7.1*1*4 

19.8O7 

1.655 

872 
9.903 

9.273 

1*.085 

11,213 

1.098 

61*7 

155 
U.g?!* 

350 
17 



Oct. 



1.500 



51*2. 977r 



5.751* 
1.759 
3.653 

1*1*. 722 

4.67I* 

16.227 

2.613 
5.359 
5.21+8 

5.896 

2,218 

1*4.615 

15.121 
10.719 

6.838 

5.1*23 
6.90I* 
3,136 

7.396 
20.65I* 
31*. 366 

10,758 

3.579 

11,971+ 

2,907 
U.699 

828 

2.298 

23.368 

1.130 

77.2I+2 
8.532 

l,7'+8 

31.969 
5.530 

6,978 

1+6.351 
5. '♦77 
3.740 

1,600 
6,755 

20,384 

2,169 

1,300 

10,291 

11.783 

4.834 
12.524 

1,345 

648 

117 

5.285 

387 

13 



1.714 



583.552 



2,226 



540,350 



5.912 
1.660 
3.643 

36.422 

3.675 

11,683 

2,039 
5.596 
5.1+25 

6,764 

2.279 

39.776 

15.291 

10.679 
7.814 

5.053 
5.993 

2.411 

7.163 

18. 479 
32.477 

11.120 

3.899 
13.111 

2.470 
3.970 

939 

1.749 

19.738 

989 

70.133 

9.35I+ 
2,566 

30,987 
i+,673 

6,289 

42,511 
3,380 

3.911 

2.076 

6.771 

19.667 

1.951* 

942 
10.390 

10.904 

4.581 

11.1*37 

1,008 

548 

80 

5.305 

424 

17 



Dec. 



6.797 
2.336 
5,139 

55.932 
5.839 

17. 808 

1.998 

7.771 

6.935 

8.377 

2.255 

51.529 

19,723 

20.102 

9.04i 

6.565 
7.815 
3.163 

9,220 

27,46o 
39.099 

16,674 

5.193 

16,923 

3.916 

5.821 
922 

2.313 

27.320 

1.749 

89.174 

11.636 

4.304 

47.774 
7.513 
9.146 

59.162 
5.878 

5.054| 

3,219! 

8.791 1 

26,902 



1943 



Jan. 



2,644 

l,l42 

13,812 

15.679 

5,646 

14,771 

1.S44 

671 
232 
8,314 
508 
17 



2.816 



742.188 



8. 760 
2.769 
6,006 

63,737 

6,477 

17,211 

1,864 
8.099 
9.li^7 

10,280 

2.639 

5I+.76I 

21.527 

18,284 

9.011 

7.660 
9.135 

1+.377 

10,459 
29. 708 
1*3.372 

16.270 

5.581 

18.935 

3.990 
6.556 
1.099 

2.314 

29.909 

1.709 

102,676 

12,736 

4,213 

50.483 
10,715 

10,490 

?S,921 
5,020 
5,120 

2,756 
10,936 
28,81+3 

3,715 

1.527 

15.755 

16.235 

7.192 
15.978 

I.79I* 

556 

627 

5.1'*7 

1*93 

40 



5.672 



809.288 



3»^ 

Sales of United States Savings Bonds - (Continued) 
Table 3.- Sales Reported by Series, Classified by States - (Continued) 



PART B - SCRIES T AND COUBINEC 
(In thouiandi of dollari at Isiua prices) 



nio«l 7«ar 



I9U1 

y 



19U2 



191*2 



Jan. 



Tab. 



Mar. 



Apr. 



May 



Juna 



July 



Aug. 



Sept. 



Oct. 



Sot. 



Deo. 



I9U3 



<7aa. 
P 



Alabajia. . 
Arliona. . 
Arlcanaas. 



California. . 

Colorado 

Connecticut. 



Delaware 

Diet, of Columbia 
Florida 



Oeorgla. . 
Idaho. . . . 
Illinois. 



Indiana. 
Iowa. . . . 
Kansas . . 



Kentucky. . 
loulslana. 
Kalne 



Maryland 

Massachusetts. 
Michigan 



Minnesota. . . 
Mississippi. 
Missouri. . . . 



Montana. . 
Nebraskia. 
Herada . . . 



Kew Hampshire . . 

New Jersey 

Hew Mexico 



New York 

North Carolina. 
North Dakota. . . 



Ohio 

Oklahoma . 
Oregon. . . 



PennsylTanla. . . 
Bhode Island... 
South Carolina. 



South Dakota. 
Tennessee. . . . 
Texas 



Utah 

Vermont . . 
Virginia. 



Washington 

West Virginia 

Wisconsin 

Wyoming 



Alaska 

Canal Zone 

Hawaii 

Puerto Blco 

Virgin Islands. . . 
Other possessions 



Unallocated. 



2.393 
950 

i.oau 

20.U02 

3,908 
i'».937 

2.52"* 

5,166 
3.379 

2.878 

291 

99.605 

6,285 

i*.U9g 
2.U59 

'•.356 
2.U77 
3.97'* 

6,800 

35.087 
13.928 

9.770 

973 

23.952 

612 

3.523 

35^* 

1.896 

20,1*00 
1*15 

11*1,81*2 

2.338 

962 

22,U66 
2,325 
2,522 

l*9.5'*7 
5.921* 
1,621 

191* 
3,128 

10,323 

1,000 
1,011 

'*.532 

6.268 
1.1*92 

8.1*91 

501 

20 

2? 

3 

3"^ 

1*61 



13.099 

1*.232 

13.738 

ll*0.602 
18,302 

59.891* 
11,910 

23,21*7 
22,219 

17,982 

7.339 

202, OUl 

1*5.123 
30.676 
1U,1*86 

2l*,5l6 
21.651 
16. 570 

1*0,093 

11*1*. 199 

65,01*0 

1*9,069 
10,061 
68,651 

6,322 

11*. 132 

2,31*9 

11,090 

93.39? 

9,031* 

580.1*33 

26,071* 

7,515 

119,098 
16,587 
22,095 

21*3,285 

28,065 

9.1*59 

3.077 

18,1*81 

5i*,l96 
5,019 

5,81*2 
28,011* 

25,898 

11,780 

1*2,205 

3.690 

736 

50I* 

5.882 

1*72 

26 

507 
U.768 



Total 526.361 



_L 



2. 1*61*. 772 



2,207 
706 

5.36'* 

28,663 
U,95l* 
9.909 

2.037 
'*,023 
1*.198 

2,903 
2,171 

1*0,682 

8.312 
i*.725 

2.198 

3.979 
3.523 
2,731* 

7.503 
25. 680 
11,060 

9.655 
1.975 
9.986 

1,057 
3.662 

380 

2,717 

ii*,i*9i* 

3,226 

107,721 

8,572 

1,131 

22,1*61 
3.131 

3.873 
1*1.707 

1*,622 
1.576 

1*95 
i*,oio 
10,611 

81*6 

1,502 
5.'*67 

5.123 

1.980 

8.1*21* 
1.007 

92 
77 

81*6 

67 

2 

139 

1.531 



1,1*86 

663 

999 

ll»,132 
1,1*92 
1*,291 

1,1*88 
2,112 
2,1*52 

1,551 

13,2!*!* 

3,2l*l 

2,535 
2,065 

3,67"* 
6,922 
1,270 

'*,25? 
9.1*31* 
5.938 

1*.229 
1.279 

5.1*32 
619 

1.528 
529 

900 
8,10l* 
3.206 

1*9. 5^*3 
3.296 
1.50I* 

9.59'» 
1.753 
1,21*9 

21,582 

3.1?'* 

91*2 

258 
1.233 

i*.378 

81*2 

1*98 

2.132 

I.8II* 

837 
3.1*25 

369 

271 

86 

677 

6 

6 

86 

277 



1.270 

280 

2.71*1 

8,1+16 
1,392 
3.693 

91*9 
2.511 
1,916 

1,91*0 

1.838 

15.939 

l*,l*8l* 

2.?56 
1.1*99 

1.779 
1.569 
1.920 

3.550 

10.389 

3.583 

3.1*92 
1,11*8 
l+,8l*l 

895 

1.517 

1*96 

1.738 

11,166 

933 

36,113 
1,77'* 
2,239 

7,680 
1,006 
'*.735 

11*, 607 
2,861 
1,298 

1*87 
2.399 
3.157 

772 

51*0 

1.927 

2,01*0 

1,699 

2,637 

631* 

160 

78 

667 

21*1* 

7 

6U 

2,077 



1,281 
1*20 
675 

10,276 
1,631 

5,361* 

717 
1.673 
1.955 

1.357 

1*51 

13.1*91* 

l*,ll*2 
3.791 
1,062 

2,170 

i,i*6o 
1,21*1 

3,1*72 
12,757 

5,012 

u.oito 
1,290 
5.575 

369] 

982 I 
139 

1.080 

8.U69 

2l*8 

1*6,779 

1,683 

U90 

10,1*72 

1,1*78 

1.315 

20,91*9 

1,755 

992 

350 
1,711* 
U,988 

279 

1*1*5 

1.890 

1.91*0 
855 

3.552 
279 

31* 

128 
91*2 

19 
5 

13 

581* 



1*61.697 



219.578 



192.71*5 



200.523 



1,1*02 
31*1* 
812 

11,198 
1.388 
6,80l* 

656 
1,1*76 

1,800 

1.759 
1*1*3 

15,881 
1*,226 

3,260 
1,163 

1.893 

1.75'* 
1,826 

2,923 

11,1*85 

It, 596 

3,527 
956 

6,850 

371 

1,107 

199 

861* 

6,502 
333 

1*6.275 
1.855 

1*10 

11.1*11* 
1,777 
1,272 

20,685 

1,1*97 

605 



300 
,679 
,268 

638 
565 

,2i*7 

,510 
757 
.873 

186 

11 
373 



1.276 
39U 
653 

10.751 
1.1*53 
5,399 

1,1*1*9 
1.533 
1.752 

2,118 

179 

19,1*01* 

5,28? 
3.96I* 
1.127 

1.519 

1,1*26 

1.197 
3.507 

11,809 
7,120 

2,902 

81*7 
6,ll+2 

1*90 

1,282 

70 

51*8 

8,701* 

151* 

1*6.1*56 

1.658 

1*19 

9.887 

1.273 

1.1*81* 

20.058 

2.225 

902 

276 
1.1*20 
5.679 

519 
380 

2.667 
2.170 



.329 
.909 
232 

1*0 
61*2 



5.399 

550 

1.019 

21.283 

2.897 

10.391 

1.272 

3.321 
3.716 

3.965 

770 

33.306 

8,063 
6,115 
2,675 

1*,601 
2,831 
2,310 

6,681* 
27,111 

9.1*73 

7.791 
1.1*31 
9.073 

882 
2,1*83 

1*1*3 
1,630 

ll*,206 

509 

92,319 
3,586 
1,076 

23,133 
2,973 
3.61*1 

31*. 117 
3.695 
1,761 

682 

3.997 
11.003 

580 

792 

i*.i*87 



1*,628 

1.839 
8,11*6 

5U6 



98 

2.51*9 



1.791 



201.955 



209,081* 



1*03,735 



1,688 

521* 

8l*U 

13.11*5 
1.898 
5.381* 

907 

1.317 

1.766 

1,91*8 

535 
20,568 

5.1*55 
3,751 
1,869 

3,591 
2.297 
1,261 

2,892 

12,873 

7.778 

U,lt58 
1.265 

1*,922 

558 

1.275 

228 

966 
8,771 

359 
1+1*, 915 

2,021 
685 

12,261* 
1,617 
2,020 

19,817 
2,262 

1,1*13 

506 
2.1*13 

6,581 

381* 

1+91* 

2,61*6 

2.733 

1,062 

5.530 

303 

65 

1.577 
125 



2,1*1*0 



229,1+69 



2,552 

Ull* 

l,2U3 

ll*,l*Ol* 

2,723 

5,020 

969 
1.996 
3.796 

2.393 

508 

23,390 

7.082 
6.075 
3.121* 

2.8O9 
5.956 
1.235 

1*,321 

9,1*51 

g,80l* 

i*,970 
1.233 
6.093 

677 

1.931 

357 

996 

9.838 

507 

62.776 

5.136 

715 

15,066 
2.103 
2.527 

25.071 
1,661 
1,783 

520 
3,089 
8.698 

500 

1*3? 

U.02I* 

3.381* 

1,278 

6.931* 

1*38 

75 
1.176 



282.261 



1.921 

778 

1.21+6 

15.026 
1.821* 

1*,725 

802 

1,735 
1,91*6 

2,066 

1+69 

15. 72^* 

5.31*2 

3.1*01 
2.306 

2.671* 

2.683 

1.253 

1*.152 

10,91*0 

7.201 

U.076 

1.206 
5.728 

762 

1.1*70 
269 

868 

8.167 
686 

35,201 

3,120 

732 

12,025 
1,31*7 
2,71*1 

21,793 

1.557 
1.21*9 

581 
2,888 
7,289 

1*73 

538 

3.971 

3.053 
1.301+ 
5,097 

286 

127 

178 

1,500 

180 



13 



218,692 



1.1*57 

391 

1.250 

U.gl+l 
1.378 
3,736 

1.093 
1.953 
2.701* 

3.1*39 

31*0 

9.311* 

3.51*5 
2,91*8 
2,077 

2.1*97 
2,071 
1.009 

u.esu 

3.57"* 
1.330 
i*,680 

815 

1.227 
30I* 

856 

6,2l*5 
576 

30,032 

2,7't5 

757 

9.699 
1.1+1*8 
2.131 

20,81*1 
1,815 
1.387 

859 

2,122 
5.6UI 

1*85 

357 

3.271* 

3.008 

1,291 

3.709 

502 

21 

985 
170 



15 



183,388 



2,629 

1+55 

1,658 

lU.OOl 

2,316 
5.585 

1.137 

3.281* 
2.538 

3.399 
Ui*5 

20.757 

5.892 
5,6ii* 
2.71*1 

3.177 
5.005 
1.61+6 

1*.278 

13,119 
9.OB8 

i*.95i 

2.887 
6,81+8 

888 

2,696 

171* 

1.095 
11.879 

675 

51*. 236 

3.836 

8l*0 

20.721* 
2.031* 

U.3g9 

25.937 
1.852 
1.683 

978 
3.293 
9.777 

1*71 

579 

5.932 

3.607 

2,063 

6.839 

570 

57 

119 

1,21*3 

555 



32 



3.I5U 

1,21*6 

1,61*9 

30,031* 
3.079 
9.371 

1.083 
3.1*55 
3,681 

3.968 

1.278 

39.675 

11,001 
8,783 
3,222 

5.311* 
3,1*1+6 
3.315 

8,038 
25.7?7 
13.2U3 

8,726 
2.555 
9.297 

97I+ 

3. 871* 

928 

2.857 

12,310 

680 

72,51*0 
i*.957 
1.775 

25.120 

3.176 

3.211* 

31.758 
2.8OI* 
2,132 

920 

3.81? 

ll,32'> 

836 
1.303 

6.1+98 

6,002 
2,1*1*7 

11,009 
71*7 

11*3 

1,1*42 
962 

1 



51* 



292,501 



1*21.501* 



Source: Reports of tjott sales, 

p Preliminary. 

r ReTlsed. 

• Less than I5OO. 

1/ Sales of Series I, T, and G bonds commenced May 1, 191*1 ■ 



35 



Participation In Payroll Savings Plans For United States Savings Bondsl/ 



191*1 



Dee. 



191*2 



Jan. Feb. 



Mar. 



Apr. 



May June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



Number of flrme having payroll savings plane 



Fims with: 

3.000 or sore worker*. 

500-U.999 workers 

100-1*99 workers 

Under 100 workers 



Total number of firms. 



100 
I130 

3.1*95 
5. 911* 



9.939 



355 

1.622 

7.059 
8.1*77 



17.513 



1*1*8 

2.780 

11.172 

20.080 



31*. 1*80 



1*67 

3.671* 

13.770 

32.209 



50.120 



U70 

'*.573 

16,216 

50,1*27 



71,686 



1*75 

i*.768 

18. 169 

67,006 



90,1*18 



1*77 

i*.956 

19. 718 

82,91*8 



108,099 



1*81 

5.099 

21.038 

95.275 



121,893 



1*81* 
5.266 

22.375 
108,767 



136, 392 



1+87 

5.378 
23.275 

115.1*21 



11*1*. 561 



U88 

5.531* 

21*. 321 

122.762 



153.105 



1*69 

5.607 

21*. 873 

127,660 



158.609 



1*70 

5.705 

25.51*0 

136.098 



Humber of workers employed in firms and governmental agencies having payroll savings pla 
(In millions) 



In firms. 



In Federal, State, and local gov- 
ernments and their agencies.... 



Total. 



3-2 



3.2 



9.9 



10.5 



ll*.2 



15.1 



16.7 



1.1* 



18.0 



19.2 



1-5 



20.7 



20.5 



1-5 



22.0 



21.3 



1-5 



22.8 



22.0 



21*. 6 



22.8 



2.8 



25.6 



23.2 



3.1* 



26.6 



21*. 5 
3.6 



28.1 



25-3 



3.6 



28.8 



Workers participating: 
In firms 



In Federal, State, and local 
governments and their 
agencies 



Total workers participating.. 

Persons in the armed forces par- 
ticipating 



Total persons participating. 



Number of persons actually participating in payroll savings plans 
(In millions) 



0.7 



0.7 
2/ 



2/ 



3.7 



3.8 
2/ 



2/ 



7.2 



.1* 



7.6 
2/ 



2/ 



9.0 



.6 



9.6 

2/ 



2/ 



10.9 



.7 



11.6 

2/ 



2/ 



13.2 



.7 



13.9 
2/ 



2/ 



15.0 



1.0 



16.0 
2/ 



2/ 



16.5 



1.5 



18.0 
2/ 



16.7 



1.8 



18. 5 
l.C 



19.5 



17.6 



2.1 



19.7 
1.7 



21.1* 



18.6 



2.1* 



21.0 
2.0 



23.0 



19.1 



2.6 



21.7 
2.5 



21*. 2 



Seductions under payroll savings plans 



Total amount deducted (in millloua 
of dollars) 



Percent of pay deducted. 



P Preliminary. 

1/ Estimated. 

2/ Not available. 



5.0 



l*.l!l 



28.0 



l*.5)f 



58.0 



l*.85t 



78.0 



i*.95t 



96.0 



126.0 



5.3!» 



153.0 



3.e% 



205.0 



6.5i« 



230.0 



7.i;< 



265.0 

7.5% 



307.0 



7.8)8 



335.0 



8.3)6 



167. 8I3 



25.7 



3.8 



29.5 



19.6 



2.7 



22.3 
2.7 



25.0 



370.0 p 



e.lit 




36 



Sales of United States Savings Stamps 
Table 1.- Summary 

(In thouiandt of dollari) 



71 seal year or month 



I9UI 2/. 
19U2 



I9U2- January . . 
February. 
March 



April. 
May... 

June. . 



July 

Au^et . . . . 
Septenber. 

October. . . 

Kovember . . 

December. . 

191*3- January. . . 



Amount outstanding 

end of fiscal 

year or month 1/ 



5.29"* 
166,31*1 

68,595 
93.932 
115.857 
133.620 
152.217 
166,31*1 

180,972 

187.618 
igU.oio 

206,01*1+ 
215,805 

221 , 31*0 
224,901 



Net change 
during fiscal 
year or month 1/ 



+5.1'*3 
+161,01*8 

+29 , 161 
+25.337 
+21,925 

+17.762 
+18.597 
+1U.12U 

+ii*,63i 
+6.647 
+6,392 

+12,031* 
+9.121 2/ 
+5.536 

+3.561 



Analysis of net change 



Orose sales 



Total 

funds 

received 



39.077 
1+3,920 

66.267 



Adjustment of 

sales reported to 

funds received 



Source: 



Commenol:^ Kovember 1. 1942, D=Llly Treasury Statements, except 
Post Office Department reports of gross sales; prior thereto. 
Post Office Department. 
Preliminary. 

Figures for November and following months are not strictly compar- 
able with earlier months because of the shift to a Dally Treasury 
Statement basis. Stamps sold prior to October 1, 19^2 were known 



-7.602 p 
-10,931 P 
+15,856 p 



Sales 
reported 



6.087 

308.621 

1+1.169 
38.6U9 
iK),599 

1*0,173 
1+7.990 
1*8,960 

815 
5I+6 
1*7,682 

w.l^+l 

£*6,678 p 
5i»,85i p 
50.1*11 p 



S 



Redemptions 1/ 



a 



l>*7.57l 

12.007 
13.313 
18,671* 

22,1*10 

29.393 
34.836 

39.185 
37.900 
1*1,290 

1*1.107 



62.706 



as postal savings stamps and were obligations of the Postal 

Savings System but subsequently became public debt obligatlone. 
2/ Sales and redemptions commence with May 1, 1941. The amount 

of the old series of postal savings stamps outstanding on 

April 30. 1941 was $150 thousands. 
^ Net change in amount outstanding as shown on Daily Treasury 

Statement. See footnote l/. 



Table 2.- Gross Sales, Classified by Denomination 



Fiscal year 
or month 



1941. 
1942. 



1942-January. . 
February. 
March. . . . 



April. 
May... 
June. . 



July 

August 

September.. 

October. . . . 
November p. 
December p. 

1943- January p. . 



Sales in thousands of dollars 



Total 
all 
denomi- 
nations 



6.087 
3O8.62I 



^ 



41,169 
649 
599 

1*0,173 
47.990 
4g.96o 

47 . 682 

53.11+1 
1*6.678 
54,851 

50,411 



Denomination 



10^ 



400 
67,466 

11,044 

10,020 

10,181 

9,812 

10.037 

9.124 

10.106 

7.326 

8,366 

10,680 

9.596 
11,51*3 

12,166 



25f! 



2,691 
167.709 

21,498 

20,724 

21,693 

21,529 
26,772 
27.319 
29.693 

24,808 
26,189 

28,563 
24.788 
28.704 

26.024 



50 )( 



1,012 
28 , 6l4 

3,579 
3.258 
3,424 

3. '+58 
4.330 
U.715 
5.203 
4,348 
'*.935 

5.150 
4,294 
i*.527 
3.950 



$1.00 



1.130 
31,533 

3.653 

3.333 

3.845 

3.827 
4.941 
5,706 

6,3?6 
5.950 
6,064 

6,498 
5.900 
6,991+ 
5.9.'^2 



$5.00 



854 
13.250 

1.395 
1.314 
1,456 

1.542 
1.910 
2.097 
2,487 
2.114 
2.12S 

2,250 
2,101 

3.083 
2.339 



Percentage distribution of sales 



Total 
all 
denomi- 
nations 



100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



Denomination 



10)! 



6.6 
21.9 

26.8 
25.9 
25.1 
24.4 
20.9 

18.6 

18.8 
16.4 

17-5 
20.1 

20.6 
21.0 

24.1 



25.! 



44.2 

5H.3 

52.2 

53.6 

53-'+ 
53.6 
55.8 
55.8 

55.2 
55-7 
54.9 
53.8 
53-1 
52-3 
51.6 



50^ 



16.6 
9.3 



9-7 
9.2 
8.3 
7.8 



$1.00 



18.6 
10.2 



8.7 
8.5 

8.4 


8.9 
8.6 

9.5 


8.6 

9.0 
9.6 


9.5 
10.3 
11.7 


9.7 
9.8 
L0.4 


11.7 
13. t 

12.7 



12.2 
12.6 
12.8 

11.8 



$5.00 



14.0 

1:1 

4.6 

'+.7 

4.2 
4.5 
5.6 

I+.7 



Source: Post Office Department, Division of Postal Savings. 



Preliminary. 



Table 3.- Redemptions, Classified by Means of Payment 



Fiscal year 
or contb 



1941 



\Aug. 1941 - June 1942.. 



I9U2- January . . 
February. 
March 



April. 
Msor... 
June. . 



July 

August . . . . 
September. 

October. . . 
Kovember. . 
December. . 



Redemptions In thousands ol dollars 



Total 



Exchanged for 

United States 

savings bonds 1/ 



1943- January. 



943 
1.158 

146.415 

12.007 
13.313 
18. 674 

22.410 
29,393 
34.836 

39.185 
37,900 
41,290 

41 . 107 
29.955 
38.384 

62.706 



Means of payment 



127.94? 

9,633 
11.253 
16.51+3 

19.959 
26.616 
31.678 

35.253 
34,101 
36.561 

36,188 
26.220 

32.988 
54.448 



Exchanged for 

postal savings 

certificates 



2/ 

123 

8 

12 

9 

19 

16 

8 

26 



Cash 
1/ 



18.347 
2.316 

2.04g 
2,122 
2,432 
2,761 
3.150 
3.906 

3.784 
4.715 
4.919 
3.736 
5.396 

8.258 



Percentage distribution of redemptlona 



Total 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



Means of payment 



Exchanged for 

United States 

savings bonds 1/ 



P 
87.4 

80.6 
84.5 
88.6 

89.1 

90.6 
90.9 
90.0 
90.0 

88.6 
88.0 
87.5 
85.9 

86.8 



Exchanged for 

postal savings 

certificates 



H 

£/ 
.1 

.1 
.1 



Cash 
i/ 



^/ 

2/ 

12.5 

19.3 

15.5 
11.4 

10.8 
9.4 
9.1 
10.0 
10.0 
11.4 

12.0 
12.5 
14.1 

13.2 



Source: Commencing November 1. 1942, Dally Treasury Statements; 

prior thereto. Post Office Department. Division of Postal 
Savings. 
• Less than .05^. 



1/ Commencing November 1, 1942, estimated on the basis of Post 

Office Department reports. 
2/ Details not available for May, June, and July 1941. 



^^ 



'^■m 



37 



Sales of United State* Savings Stamps - (Continued) 



Table 4.- Gross Sales by States 

(Ib tbouaaaAs of dollars) 



Stat* 



Alabau.. 
Arlioaa.. 
ArkaauM. 



Oallforala 

Colorado 

Connoctleat. .. 



ntcal yaar 



I9UI I9I42 



Dalawar* 

Dlit. of ColvuMa 
norlda 



Oeorgla, . 
Idaho.... 
IlUaolt. 



Indiana. . 

lova 

lanaat.. . 



laatuel^.. 
Loolataoa. 
Main 



Maryland 

Haasachuaetti . 
Michigan 



Minnatota 

Klttlitlppl.... 
MlMourl 

Montana 

Hehraskk 

HoTada 

Sew Hanpthlr*. . 

Sew Jersey 

Bew Mexloo 

Hew Tork 

North Carolina. 
North Dakota... 



Ohio 

Oklahoma. . . . 
Oregon 



Pennsylranla 

Bhode Island 

South Carolina. . . 

South Dakota 

Tennessee 

Texas 

Utah 

Vermont 

Virginia 

Vashington 

"est Virginia.... 

Wisconsin 

Wyoming 

Uaska 

Hawaii 

Puerto Sioo 

Other possessions 



total 



3«.7 
16.0 
S>».8 

kze.o 

iS:i 

1U.5 
171*. 1 

75-0 

60.3 

8.1 

355.1 

69.7 

S 



S 



U2.8 

6a.o 

37.2 

91.6 
312.2 
366.8 

51.6 

36.7 

173.5 

17.2 

36.2 

6.5 

29.0 

286.0 

9.9 

1.350.5 
50.8 

10. u 

59.1 

"♦ig.s 
58.8 

30.3 

lO.U 

58.8 
276.5 

11.6 

lU.7 

71.6 

75.0 

32.U 

104.7 

9.7 

1.2 
6.9 

10.2 
.6 



6,086.9 



2.3U3.7 

83U.8 

I.67U.7 

ao.132.6 
2,020.3 
7.707.U 

71'*. 2 
6,100.1 

3.705.9 
3.175.5 

SUl.o 

23.612.9 
7.516.9 

"♦. 575.8 
2.532.9 

3.036.2 
3.U28.0 
1.725.5 

5.785.2 
W,U13.6 
13.721.6 

't.037.7 
I.5O8.8 
7.326.U 

1.030.7 

2.371.8 

381.U 

1.150.8 

13.313.7 

720.3 

53.060.7 
3.089.7 

801.2 

18. 269. 5 
2,1*89.1 

2.739-3 

27.075.3 
3,087.6 

1,1*88.2 

832.2 
2.952.8 

u, 520.8 

963.1* 

705.8 

U.OJl.g 



.909.2 
.W9.7 



3.; 

5)728.3 
U93.6 



66.1 

.238.7 

166. 8 
.7 



308,621.3 



19U2 



Jan. 



323.3 
m.3 
201. >» 

2,78U.6 

269.3 

1,006.4 

93.3 
771.3 

1*97.7 

i»76.2 

110.7 

3.391.5 

1,027.8 

3>»9.7 

U4U.9 
U21.8 

216.7 

1.110.8 
1.864.U 

1.733.9 

5^5.6 
213.3 

906.2 

156.2 

292.9 
56.1 

166.7 

1.837.9 

95.8 

6.i*93.5 

382.8 
109.3 

2.U95.9 
3I8.O 
368.6 

3.675-2 
'*33.9 
170.0 

117.7 
369.6 

;. 592.7 

126.2 
97.8 

558-9 

1*79.6 

360.8 

819.5 

71.9 

6.1 

8U.lt 
15.0 



T»}>. 



26O.U 
100.3 
190.9 

2,366.8 

21*1.2 
902.0 

86.1* 
691*. 5 
'♦83.7 



Mar. 



Apr. 



305.5 
111*. 7 
221.2 

2.1*50.2 
237.2 
951.1 



93.9 91.5 
656.7 650.1* 
507.9 '♦97.6 



29U.7 
108. 7 
198.0 

953-5 



372.2 1*07.8 

96.5 102.1* 

2.999.2 2.950 



1.016.5 
5^6.3 
360.2 

'*17.3 
'♦38.7 

201.9 
782.1* 

1,710.0 
1.636.5 

537.9 

201.1 
863.7 

137.6 

283.5 

1*6.8 

11+2.3 
1.807.7 

82.8 

6,585.1* 
375.3 

101*. 9 
2.1*15.3 

277.8 

399.8 

3,1*80.8 
1*05.2 
160.1 

119.3 
336.0 

1,551.0 
12U.8 

526^7 

1*02.1 

336.7 

772.7 

69.2 

8.7 
78.9 
17.7 



1*1,168.8 38,61*9.2 1*0,599.0 



1.078.6 
712.9 
330.9 

1*25.9 
i»38.3 
232.1 

728.7 
1.885.3 

1.766.9 

5^*5.3 
205.7 
936.U 

11*8.2 

315.0 

1*5.5 

IUU.9 

1.781.3 

88.5 

7.25^.3 
375.7 

108.1* 

2.59U.7 
300.9 

358.8 
3,1*82.5 

1*07.3 
166.3 

116.2 






.Mt 



125.3 

89-3 
555-2 

l*2l*.l 

365.1 

813.0 

63.1 
11.9 

158.1 

22.1* 



Source: Post Office Department. Dtvislon of Postal Savings, 
p Preliminary. 



31*0.6 

109.3 

2.766.3 

1.033. 
707. 
31U.I 



MW 



I 



217.6 



686.5 

1.88^.8 
1.704.0 

511.8 
182.0 
928.8 

137.5 

339.5 

47.7 

11*0.3 

1.7i*i*.6 

91*. U 

7.129.5 

342.7 

99.5 

350.6 

3.922,1 

368.0 
lgl*.9 

127.6 

Ji*l.o 

1,1*67.2 



137.5 
96 
566 



m 



UJ5.8 

31*2.9 

820.1 

61*.0 

9.7 

220.1* 

23.2 



1*0,172.8 



351.7 



'•'M: 



3i 
l.llU.S 

112.6 
69U.5 
583.0 

506.7 

li*l.U 

3. 924.2 

1,267.8 
782.9 
407.1 

425.4 
582.0 
284.8 

748.7 

2.300.6 

2.125.5 

609.9 

192.3 

1.155.5 

149.7 

423.8 

63-3 

159.3 
1.916.2 

129.9 

7.883.8 
567.8 
152.4 

2,850.9 

438.8 

381.2 

4,431.2 

423.5 

216.1 

136.9 

494,8 
1.695.8 

171.9 
112.3 

602.0 
702.4 

375.5 

931.7 

76.7 

13.6 

263.6 

22.4 



Jvina 



47.990.3 



447.8 
125.0 
290.1 

3.442.2 

300.5 

1.394.6 

U4.8 
684.2 
498.7 

512.0 

125.5 

3.834.7 

1.093 
750 . 
386.4 

606.0 
288.0 

821.0 
2.276.9 
2.256.2 

677.6 

230.4 

1.161.2 

128.2 

379.1 

64.1 

183.2 

2.020.7 

94.7 

9.012.0 
574.2 
134.9 

2.863.9 

429 
425.1 

3.920.2 

1*84.7 
211.0 

124.9 

518.3 
1.535.2 

151.2 

104.8 
592.9 

748.8 

337.5 

880.0 
63.9 

11.7 

193.8 

21.9 



July 



442.8 

177.5 
302.5 

3.766.8 

359.9 

1.472.0 

113.6 
639.7 
531.0 

5?'».6 

148.3 

3.847.1 

1.232.2 

1,008.5 

483.0 

527.4 
649 
318. 1 



Aug. 



75! 
2,42l 
2,681.1 



743.8 

323.1 

1,280.3 

181. 3 

'♦59.7 

69.3 

224.6 

1.975.9 

130.2 

9.674.2 
605.5 
176.1 

3.290.8 
437.9 
485.7 

4,322.0 
554.7 
210.2 

162.0 

734.0 

1,848.0 

177.8 
136.4 
659.0 

759.0 

365.3 

1.054.6 

101.5 

12.8 

220.8 

19.4 



48.960.5 



53.8I5.4 



377.5 
110.7 
227.4 

2.964.9 

315.1 
1.223.4 

94.4 
502.3 
415.9 

463.6 

98.9 

3.170.6 

1,108.9 
771.7 
362.2 

445.4 
450.2 
279.8 

695.5 
2.062.2 
1.973.6 

581.4 

276.7 
1,062.6 

135.2 

375.2 

60.3 

201.2 

1.763.4 

88.7 

8,650.7 
523.7 
111.9 

2.564.3 

125.5 

15-3 



Sept. 



405 



"4l3!4 
I86.9 

112.8 

474.6 

1.592.9 

144.2 
102.4 
521.7 

592.6 

305.4 

876.0 

70.4 



11.9 
181.6 

18.4 



44.546.4 



372.8 
129.4 
253.4 

3.232.9 

337.5 

1.350.2 

100.6 
489.9 
462.5 

460.7 

115.5 

3.373.9 

1,164.2 

im 

439.0 
'»55.2 
288.4 

761.9 
2,312.8 
2.152.4 

609.2 

278.5 

1.213.7 

148.2 

60.6 

213.7 
1,948.2 

103.5 

9.316.3 
565.1 
119.8 

2.567.4 
345.1 

432.1 

4,087.5 
460.9 
181.4 

i^7:i 

1.643.5 

142.9 
115.4 
585-1 

624.6 

314.2 

953.1 

69.3 

11.9 

130.2 

19.1 



47.682.1 



Oct. 



349.3 

148.4 
264.7 

3.602.S 

340.4 
1,1*37.0 

123.3 
447.0 
533.1 

500.4 

122.8 

3.717.4 

1.400.6 
758.2 
476.6 

510.8 
521.4 
339.8 

823.6 
2.605.1 
2.440.5 

656.5 
313 
1,248 



313.^ 



159.3 

396.3 

56.7 

219.9 
.205.3 

115.2 

10,758,8 
639.5 
117.3 

2.842.3 
383,0 
429.7 

4.597.8 
~"".2 
.1 



527.2 
156.1 



127.8 

525.1 

I.8O7.2 

169.3 
124.2 
640.3 

684.2 

391.5 

1.129.0 

74.9 

18.8 

144.6 

22.6 

,4 



Hot. 
P 



312.0 
138.1 
247.4 

3,046.3 

332.8 

1.229.0 

124.3 
392.9 
460.7 

447.6 

114.3 

3.360.9 



Dec. 
P 



3'*5.6 
183.4 
269.2 

4.037.5 

399.5 

1.353-6 

127.4 
519.5 

582. a 

521.1 
, 133.3 
4.002.7 



1.173.8 1.311.4 
679.0 873.0 
429.6 493,5 



13,1 
4.0 



422.1 
481.5 
282.9 

790.2 
2.115.3 

2.018.6 

^( 
274.0 

1.449.9 

140.4 

343.8 

55.6 

176.7 

1.924.8 

91.7 

9.074.3 
548.0 
122.7 

2.564.0 
322.4 
366.0 



^,4 
3'»3.5 

876.4 
2.455.0 
2.386.2 

767.7 

279.6 
1.316.0 

193.4 

535.8 

76.4 

209.4 

2.019.2 

87.6 

10,447.1 
626.3 
142.0 

3.219.3 
389.6 
502.2 



1943 



Jan. 
P 



4.100.6 4,683.7 
•♦34.5 473.8 
175.2 209-7 



133.9 

457.1 
1.617-5 

210.3 
113.4 
598.0 

602.9 
327.9 

99'*.3 
84.9 

9.0 

136.3 

25.6 



53.140.6 



46,678.3 



141.3 

521.4 

1.959.4 

366.6 
104.6 
649.2 

776.1 

396.7 

1.197.8 

93.8 

11.2 

161.5 

24.5 



54,850.9 



338.8 
171.8 
260.2 

3.590.1 

372.8 

1.288.8 

120.7 
498.5 
573.8 

■♦89.3 

128.3 

3.519.2 

1.273.5 
713.9 
510.6 

482.5 
551.9 
311.8 

831.9 
2.397.9 
2.073.6 

801.6 

266.7 
1.267.4 

179.5 

399.7 

53.9 

203.6 

1.679.1 

124.2 

8.646.4 
698.8 
146.8 

3.061.9 
413.2 
611.0 

4,568.1 

410.9 

100.9 

139.7 

516.4 

1,740.2 

254.4 

80.4 

693.6 

926.5 

382.0 

1,150.2 

91.9 

17.9 

253.6 
30.9 



50,411.2 




38 



Sales of Tax Series Treasury Notes 

I 
Table 1.- Summary, by Series 



(In mlllloot of dollar*) 



flieal 7*ar 
or BODth 



■■■■.••••< ■".•3 



19U3-S«ptembsr. 

Octobar. . . 
loraabar . . 
Deeeaber. . 

I9U}- January . . . 



iaouBt 

outituxdln^ 

•nd of 

flfCal f9»T 

or mosth 
(par ralua) 



Net 

cbaac* 

during 

fiscal year 

or Dontfa 



Analjreis of net ehan^ 



-Asalyelt of grots sales 



Total 

funds 

reealred 



Adjust Dent 

of tales 

reported to 

funds received 



Sales 

reported 



behanfed 
(par value) 



All series 1/ 



191*2 2/ 

191*2- January... 
Tebruary. . 

March 

April 

iff 

June 

July 

Ao^st . . . . 
Septenber. 
October. . . 
BoTenber . . 
Secenber . . 

I9U3- January... 



3.011*.5 

2,697.2 
2.807.1 
2.536.3 
2, 71*1*. U 
3.099.7 
3.OIU.5 
3.356.6 
3.739.3 

u. 137.1 

'*.963.5 
5.702.5 
6,38U.i 

6,71*8.8 



+3.011*. 5 

♦226.2 

+109.9 

-270.8 
+208.1 

+355-'* 
-85.2 

+31*2.1 
+382.7 

+397.8 
+826.1* 
+739-0 
+681. 5 

+36U.8 



1*. 138.9 

237.8 
126.1 
23U.8 

251*. 7 
399.3 
ho6s 

W.2 

U17.9 
977.9 
91*1.1 
781.6 
1.312.3 
'1*52.9 



-17.2 
+10.0 

-1-9 
-2.5 

-6.3 , 

+4.0/ 

-13.3' 

+5.9 
+18.8 
+37.1 

+17.7 

+I+.0 

-22.6 

+32.1* p 



U, 156.2 
227.7 

128.0 
237.3 
261.0 

395.2 

1*20.2 
382.2 
399.1 
91*0.8 

923. ■♦ 
777.6 
1.33^.9 
1*20.5 P 



Series A 



191*2 2/ 

19l*2-JanaBry. . . 
February . . 

March 

April 

Hay 

June 

July 

Au^st 

Septenber . 
October. . . 
HoTesiber . . 
December. . 

19l*3-January . . . 



5l*.g 

1*8 .U 
50.6 
1*5.1 
1*8.5 
53.U 
51*. 8 

60.3 
65.1 
112.7 
167.0 
200.1 
276.0 
309.1* 



+51*. 8 

+l*.l* 
+2.2 

-5.5 

+3.'* 
+U.8 
+1.1* 

+5-5 
+lt.8 

+1*7.6 
+5U.3 
+33.1 
+75.9 
+33.1* 



72.2 

U.7 
3.2 
5-3 
U.6 
5.2 
5.1 
6.0 

52.6 

5^.7 
33.5 
86.0 

3^.5 



+.1 

-i.U 

-.1 



+ .2 
-.3 

+.6 
+.3 

-.7 

+2.2 p 



72.1 

6.1 
3-3 
5."* 
i*.6 
5.2 
5.1 
6.0 
i*.9 
52.9 

5>*.l 
33.2 
86.7 

32.3 P 



Series B 



191*2 2/ 

I9U2- January . . . 
February . . 
March 

April 

May 

June 

July 

Au^st . . . . 
September. 

October. . . 
HoTember . . 
December . . 

I9U3- January... 



2.959.7 

2,61*8.8 
2,756.5 
2,1*91.2 

2.695.8 
3,01*6.3 
2,959-7 

3,296.3 
3.67'*-2 
3.181.2 

3,067.1* 
3,026.0 
2,1*32.7 

2,361*. 2 



+2.959-7 

+221.8 
+107.7 
-265.3 
+20l*.6 

+350.5 

-86.6 
+336.6 
♦377.8 
493.0 

-113.7 
-1*1.5 

-593.2 
-68.5 



1*. 066.7 

233.1 
122.9 
229.5 

250.1 
391*. 1 
1*01.8 

382.2 

1*12.8 

82.1 



-17-3 

+11.5 
-1.8 
-2.U. 

-6.U 

+lt.O 

-13-3 

+5.9 
+18.6 

+.3 



l*,08l*.l 



221. 
121*. 
231. 
256. 
390. 
1*15.1 

376.2 
39'*. 2 

81.8 



Series C 



8U3.2 

1.729.1 
2.1*76.5 
3,6753 
1*. 075.2 



+81*3.2 

+885.9 

+71*7. U 

+1.198.8 

+399.9 



8l*3.2 

886.1* 

71*8.1 

1,226.3 

1*18.1* 



+37.1 

+17.1 

+3.7 

-22.0 

+30.2 p 



8O6.I 
.2 

, -5 

1,21*8.2 
388.2 p 



869.2 
71*1*. J 



BedemptiODS 
(par Talua) 



U8.6 
19.7 



1*8.6 

19.7 



l,12l*.U 

11.5 
16.2 

505.6 

1*6.6 
1*3.9 

1*92.1 

U6.1 

35-3 

531-5 

m 
630.8 

88.1 



I7.U 
-3 

1.0 

10.8 

1.2 

-3 

3-7 

.5 

.3 

5.0 

.U 

.U 

10.1 

1.0 



1,107.0 

11.2 
15-2 

U9U.8 
U5.1* 

U3.6 

1*88.1* 
U5.6 
35.0 

526-5 
9U.1 
U1.5 

993-2 
68.5 



.U 

.8 

27.1* 

18. 5 



Source: Daily Treasury Statsnant and reports of gross salee. 

p Prellainary. 

* Less than $50,000. 

1/ Series A notes hare bees on sale since August 1, 191*1, and 
yield approximately I.92 percent per annua. The maximum 
amount which may be used in payment of each cl%es of tax 
(income, estate, or gift) by each taxpayer during each 
taxable year is limited to $5,000 par ralue. If not pre- 
sented in payment of taxes, the notes vill be redeemed at 
the purchase price only. Series B notes vers eold from 
August 1. 191*1 through September 12, I9U2. The yield on 
these notes is approximately .1*8 percent per annua, and 



2/ 



the amount which may be turned in on taxae is unllBltad. 
If not praaanted in payment of taxee, the notee will be 
redeemed at the purchase price only. Series C notes were 
first offered for sale on September ik, 191*2. Intereet on 
these notes accruee each month on a graduated eoale, and it 
equivalent to a yield of approximately I.07 percent per annum 
if held to maturity. The amounts which may be turned in on 
taxes is unlimited. If not presented in payment of taxee, 
the notes will be redeemable at par and ^erued interest, 
either at maturity or, on 30 daye' notice, during and after 
the sixth month after the month of issue. 
Sale of Tax Series Treasury notes began in Auguet I9UI. 



39 



Sales of Tax Series Treasury Notes - (Continued) 
Table 2.- Sales Reported by Series. Classified by Denomination 



riecal year 
or month 



Total 

all 

denoml- 

natlODs 



Salei In millions of dollaro ar par 



Denomination 



$25 



»50 



$100 



$500 



Thousande of dollara 



10 



100 



500 



igus 1/ 

igl+S-Jau. 2/. 

teXt 

Mar 



Apr 

, May 

June .... 

July. .. , 

Aug 

Sept. 2/ 

Oct 

HoT.r. . . 
Dec 

19U3-Jan.p. . . 



Series A 



72.1 
6.1 
3-3 

U.6 
5-2 
5-1 

6.0 

k.s 

52.9 

5^.1 
33.2 
86.7 . 

32.3 



2.9 

.2 
.1 
.2. 

.2 
.2 
.2 

.2 

.2 
•3 

• 5 

,1+ 

1.1 

.6 



k.z 
• 3 

.2 

•3 

.3 
•3 
•3 

.k 
•3 

• 7 

•9 
.g 

2.0 

• 9 



56.2 

i*.i 

2.0 

3.3 

2.8 
2.9 
2.9 

3.3 
2.7 

5.8 

7.2 

5.U 
13.7 

6.0 



3-1 

■ 5 
.3 



.8 

.6 
8.0 

9-8 

6.8 

17.7 
7.0 



5-7 

.9 
.6 

1.0 

.9 

1.2 
1.1 

1.4 

1.1 

25.7 

25-7 

14.9 

39.3 

13. 8 



12.3 

10.1 

5.0 

12.9 

3.9 



19'*2 1/.. 

19U2-Jan. 
Feb. 
Mar. 



Apr. . .. 

May 

Jtine . . . 

July. . . 
Aug. . . . 
Sept . . . 



l*. 084.1 

221.6 
124.7 
231.9 

256.4 
390.1 
415.1 

376.2 

394.2 

81.8 



Series B 



6.9 


l'*.7 


.6 


"1.2 


•3 


.6 


• 5 


1.1 


•5 


.9 


.6 


1.1 


.6 


1.1 


.7 


1.5 


.7 


1.4 


.3 


.5 



566.7 

39-8 
23.2 

33.4 

39.8 
52.9 
65.5 

71.4 
74.1 
13.1 



1.391.8 

71.8 

48 

74.5 

108.2 
122.4 
148.6 

150.8 

172.5 

15.5 



366.5 

19.0 
11.5 
31.5 

34.5 
43.0 

55-5 
81.0 
37.5 
21.5 

L 



1,589.0 

77.0 
34.0 

80.0 

62.0 
158.0 
130.0 

55.0 
92.0 
27.0 



1.000 



Total 
all 
denomi- 
nations 



Percentage dlstrlfaitlon of sales 



Denomination 



$25 



$50 



$100 



$500 



Thousands of dollars 



10 



100 



500 



100.0 4.0 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



3.7 

4.1 

3.2 

3.6 
3.4 
3.5 

3.4 
3.7 

.6 



100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



1942-Sept 



Oct... 
HoT.r. 
Dec... 



1943-Jan.p... 



8O6.I 

869.2 

744.5 

1,248.2 

388.2 



Source; Beports of gross sales 
p Preliminary. 
Barised. 



Series C 



16.4 

19.8 
17.0 
41.1 

15.6 



24.8 

31.6 
26.3 

67.8 

20.4 



131.2 

150.1 
126.7 

254.8 

78.8 



267.3 
297.2 

230.0 

395.5 
139.4 



_L 



98.5 

146.5 

71.5 

208.0 

63.0 



268.0 

224.0 
273.0 
281.0 

71.0 



100.0 

100.0 
100.0 
100.0 



100.0 . 



5.8 
5.5 

6.1 

5.1 
5.8 
5.7 



5.7 57.0 



5.8 

6.4 

1.2 

1.7 

2.3 

2.3 



78.0 

67.2 

62.0 

62.1 

60.1 
57.1 



54.2 
54.2 
11.1 

13.2 
16.1 

15.8 



2.9 18.7 



'*.3 
8-5 

9.4 

10.5 

10.6 
11.4 
12.4 

13.1 

12.8 
15.2 

18.1 
20.4 
20.4 

21.8 



7.9 

15.1 
18.4 
19.1 

19.9 
22.5 

21.3 

23.6 

22.9 

48.6 

47.4 
44.8 
'^5.3 
42. S 



23.3 

18. 7 
15.1 
14.9 

12.0 



3.6 

5.5 
5.1 

4.7 

4.1 
3.1 
3.3 

4.2 
4.1 
4.8- 



13.8 

18.0 
18.6 
14 

15.5 
13.6 
15.8 

19.0 
18.8 
16.0 



34.1 



9.0 

8.6 

9.2 

13.6 

13.5 
11.0 
13.4 

21.5 
9.5 

26.3 



2.0 

2.3 
2.3 
3.3 

4.0 



1,000 



3.1 

3.6 
3.5 

5.4 

5.3 



16.3 

17.3 
17.0 

20.4 
20.3 



33.2 

34.2 

30.9 
31.7 

35.9 



12.2 

16.9 

9.6 

16.7 

16.2 



38.9 

34.7 

27-3 
34.5 

24.2 

4o.5 
31-3 
14.6 
23.3 
33.0 



33.2 

25.8 
36.7 

22.5 
I8.3 



1/ Sales of Tax Series Treasury notes began in August 



1941. 



^ ff Ja:^^?94'^' *''°°° "^-o-^-"- '" Series A Treasury notes began" 
2/ Sale of $5,000 denomination Series A notes began In September 1942. 



Sales of Tax Series Treasury Notes - (Continued) 
Table 3.- Sales Reported by Series, Classified by Type of Purchaser 



riseal /ear 
or sontb 



igUa 1/ 

IjUs-Januaxy . . 
February. 
March 



iprll. 
Hay... 
June. . 



July 

Au^at . . . . 
September. 

October. . . 

SoTember r 

DeceDber. . 

19 1*3 -January p. 



igUz 1/ 

I9U2- January . . 
February. 
March 



April . 
May... 
Juna. . 



July 

Au^tt . . . . 
Septenber. 
October. . . 
November r 
December. . 

19U3-January p. 



191*2 1/. 



I9U2- January. . 
February. 
March 



April. 
May... 
June. . 



July 

Au^tt. . . . 
September. 



19U2-September. 
October. . . 
November r 
December. . 

191*3- January p. 



Sales In millions of dollars at par 



Total 



Type of purchaser 



Individuals, 

partnerships, 

and fiduciaries 



Corporations 



Percentage distribution of sales 



Total 



Type of purchaser 



Individuals, 

partnerships, 

and fiduciaries 



Corporation* 



All series 



1*, 156.2 

227-7 
128.0 
237.3 
261.0 

395-2 

U20.2 
382.2 
399.1 
9UO.8 

923.1* 
777.6 

1.33'».9 

1*20.5 



72.1 
6.1 

i:l 

l*.6 
5-2 
5.1 
6.0 
i*.9 
52.9 

5U.1 
33.2 
86.7 

32.3 



l*,08l*.l 

221.6 
I2U.7 
231.9 

256.1* 
390.1 

ins.i 
376.2 
39>»-2 

81-8 



8O6.I 

869.2 

7IA.5 

1,21*8.2 

388.2 



1*02.5 

66.1 
26.7 

28.8 

37.2 
29.3 

35-5 
38.9 

28.8 
86.5 

122.1* 

86.7 

187.6 

61.3 



3.753-7 



161.6 
101.3 

208-5 


100.0 
100.0 
100.0 


223.8 

365-9 
381*. 7 


100.0 
100.0 
100.0 


3U3.I* 
370.3 
85U.3 


100.0 

100.0 
100.0 


801.0 
691.0 

l,i>»7.3 


100.0 
100.0 
100.0 


359-2 


100.0 



100.0 



Series A 



63.0 

5.'* 
2.8 
^.9 
1*.2 
U.7 
l*.6 

35-6 
1*2.7 

26.1 

65.8 
26.8 



9.1 
.7 

.U 

-5 

.U 

.1* 

.5 

.6 

.6 

17.2 

ll.U 

7.1 

20.9 

5-5 



100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 



Series S 



339.5 

60.7 
23.8 
23-9 

33.0 
2U.6 
30.9 
33.5 

24.5 

5-6 



Series C 



'*5.3 
60.6 

121.8 

3i*.6 



Source: Beports of gross sales. 

p Preliminary, 

r Revised. 

1/ Sales of Tax Series Treasury notes began in August I9UI . 



3.7W*-6 



100.0 



160.9 
100.9 

208.0 


100.0 
100.0 
100.0 


223 .u 

365-5 
381*. 2 


100.0 
100.0 
100.0 


3U2.8 
369.7 

76.2 


100.0 
100.0 

lOO-.O 



760.8 

789-6 

683.9 

1,126.1* 

353-6 



100.0 
100.0 
100.0 
100.0 

100.0 



9-7 

29.0 
20.8 

12.1 

it.3 
7->* 
8.5 

10.2 
7,2 
9.2 

13.3 

11.1 

lU.l 
IU.6 



87.1* 

88.9 
87.2" 
90.6 

92.1 
91.7 
90.3 
90.1 
87-7 
67 -U 

78.9 
78-7 
75-9 
82-9 



8.3 
27-1* 

19.1 
10.3 

12.9 

8.9 

6.2 
6.8 



5.6 
9.2 

8.1 

9.8 

8.9 



90.3 

71.0 

79.2 
87.9 

85.7 
92.6 

91.5 
89.8 
92.8 
90.8 

86.7 
88.9 
85.9 
85.1* 



12.6 

11.1 

12.8 
9.^ 
7.9 
8.3 
9.7 

9.9 
12.3 
32.6 

21.1 
21.3 
2U.1 

17.1 



91.7 

72.6 
8O.9 
89-7 
87-1 
93-7 
92.6 

91.1 
93.8 
93.2 



9U.U 
90.8 
91.9 
90.2 

91-1 



Sales of Tax Series Treasury Notes - (CJontlnuedl 
Table 4.- Redemptions by Series, Classified by Means of Payment 



19U2 1/ 

l^S-Jaax»ry. . 
Tabruary. 
Mar oh 



April. 
May... 
Jtina. . 



July 

Micast. ... 
September. 
October. . . 
NoTenber . . 
December . . 
X9U3- January. . . 



19te 1/. 



19't2-<'aituary. , 
February. 
March 



April. 
May... 

June. . 



July 

Au£U«t 

September. 
October. . . 
HoTember . . 
December. . 
19lt3- January. . . 



19U2 1/ 

igUa-January . . 
Jebruaiy. 
March 



April. 
May... 
J\uie. . 



July 

AU£Utt . . . . 

September. 
October... 
November . . 
December . . 
191*3- January... 



19'*2-September. 

October. . . 

November . . 

December. . 
19'*3-January... 



neeal year 
or month 



Bedemptlone in mllllonB of dollars at par 



Total 



1.12U.U 

11.5 
16. 2 

505.6 
1*6.6 
"♦3.9 

1*92 -1 
U6.1 
35-3 

531.5 

td 
630.8 

88.1 



17.1* 

•3 

1.0 
10.8 

1.2 
.3 

3.7 

.5 

• 3 
5.0 

.k 

.k 

10.1 

1.0 



Means of payment 



Becelved 
for taxes 



All series 



1.103.7 

10.5 
ip.8 

U5.It 
1*2.1 

1*85.2 
1*1*. 8 
29.1* 

527.3 
56.3 
37.8 

626.2 

86.1* 



Series A 



16.6 

.3 

•9 

10.5 

1.1 
.2 

3.6 

.3 

.2 

.2 
.2 

9.8 

• 5 



Series S 



Series 2/ 



.1* 

.8 

27.1* 

18.5 



Source: ttilly Treasury Statements. 
• Less than $50,000. 
1/ Sale of Tax Series Treasury notes began in August igUl, 



• 7 

27.1* 

18.1* 



Cash 
redemptions 



1,107.0 


I.O87.1 




11.2 


10.3 




15.2 
1*94.8 


ii*.9 

1*91*. 2 




1*5.1* 


1*1*. 3 




1*3.6 


1*1.9 




1*88.1* 


1*81.6 




1*5.6 


1*1*. 5 




35-0 


29.3 




526.5 


522.5 




91*. 1 


56.1 




1*1.5 


36.8 




593.2 


589.0 




68.5 


67.1* 





20.7 

1.0 

.3 

.9 

1.3 

1.8 

6.9 
1.2 

1.1 

38.6 
■♦.9 
i*.6 

1.8 



19.9 

•9 

.2 

.6 

1.2 
1.7 
6.9 

1.1 

u 

'1:1 

U.2 
1.1 



•2/ 
•12/ 



Percentage distribution of redemptions 



Total 



100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 



100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 

100.0 

100.0 



100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100,0 
100.0 
100.0 

100.0 



100.0 
100.0 
100.0 
100.0 



Means of payment 



Beoelved 
for taxes 



98.2 

91.1* 
97.9 
99.8 

97.3 
95-9 
98.6 

97.3 
83.1* 

99.2 
59.3 

88.6 
99.3 
98.0 



95-6 

85.2 
91.0 
97.3 

93."+ 
76.1 
97.2 
72.6 
60.8 
97.'» 
1+7.1* 
1*8.7 
96.9 

1*8.7 



98.2 

91.6 
98.1* 

99.9 

97. 1» 

96.0 
98.6 

97.5 
83.6 
99.2 

99.7 

88.8 
99.3 
98.1* 



97.2 
99.9 

99-3 



Caah 
redemptions 



1.8 

8.6 

2.1 

.2 

?-^ 
l*.l 

1.1* 

16.6 

.8 

1*0.7 

11.1* 

.7 

2.0 



U.l* 

ll*.8 
9.0 
2.7 
6.6 

23.9 
2.8 

27.1* 

39.2 

2.6 

52.6 
51.3 
3.1 

51.3 



1.8 

8.1* 
1.6 
.1 
2.6 
"♦.0 
1.1* 

2-5 

16.1* 

.8 

1*0. 3 

11.2 

• 7 

1.6 



100.0 

2.8 

.1 



2/ Series C notes were first offered for sale on September 1I+ igUa 
and may not be redeemed for cash until the sixth month after the' 
date of iBsue. 

i/ Special redemption. 



OWNERSHIP OF GOVERNMENT SECURITIES 



k2- 



^// ■'. 



'^3 



Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued 
by United States Government and Guaranteed by United States 



avt of flieal 
7*ar or month 



1933. 
193'i. 
1935. 
1936- 
1937. 

193«. 
1939. 
19110. 
191*1, 
19lt2. 



(In milllone of dollars) 



Socuritle* Itauad by Dnltod States OovernBant 



Total 
aaount 
out- 
standing 



19l*2-Jan. 
Feb. 
Mar. 



Apr. . 
Hay.. 
June. 

July. 
Aug.. 

Sept. 



Oct. 
Nov. 
Dec. 

19U3-Jan. 



22.158 
26,U«0 
27.61*5 
32.989 
35.800 

36.576 
39.886 
'•2.376 
l»8,387 
71.968 

59.531 
61,895 
61,91*0 

6l*,U96 
6g,iog 

71,96s 

76.69'* 

81,21*^ 
85,81*7 

92,265 
95,'*58' 
107. 3O8 

L10,02l( 



Distribution by classes of holders 



S. OoTernment agencies 
and trust funds 2/ 



Total public 

and tpeolal 

Issues 



Public 

marketable 
Issues 



690 
1.288 
1.629 
1.9'*5 
3.2a 

1*.1*52 
5,600 
6,792 
8,211* 
10,330 

9.332 
9.537 
9.687 

9.721 

9. 91*3 

10,330 

10,582 
10,851* 
11,106 

11.198 
11,1*00 
11,928 

I2,055p 



367 

892 

996 
1.319 

1.663 

1.776 
1.830 

2,017 
2.093 
2.1*1*2 

2,268 
2. 31*5 
2,351 

2.360 
2,1*22 
2,1*1*2 

2.'*53 
2,588 
2,592 

2,609 
2,608 
2,891 

2, 87gp 



Public BOD- 

■aricetable 

Issues 



Special 
Iseues 



323 
396 

Pi 
626 

1.558 

2,676 
3.770 
'*.775 
6.120 
7,885 

7,063 
7,190 
7.333 

7.358 
7,518 
7.885 

8,125 
8,262 

8. 509 

8,585 
8.787 

9.032 



Tadsral 
Easerre 
Banks ^ 



Public 

marketable 

Issues 



5p 9,172 



1.998 
2,1+32 
2.'*33 
2.1*30 
2,526 

2.56I* 
2.551 

2,1*58 
2.180 
2.6UI 

2,239 
2,261 
2,2l+l 

2.3'*6 

2.1*82 
2,61*0 

3,11*8 
3,'*21 

3.552 

'*.6i*9 
5.377 
6,152 

5.919 



Source: (l) Total amounts outstanding: Dally Treasury Statements; 
12) Securities held by U. S. Oovemment agencies and trust 
funds: reports of the agencies and accounts with the 
Treasury; (3) Securities held by Tederal Eeserve Banks: 
Tederal Eeserre System. 

p Preliminary. 

* lees than $500,000. 

1/ Ixcludes matured securities and obligations sold directly 
to the Treasury. 

2/ Bxcludes Ixchange Stabilisation Tond. D. S. Oovernment trust fund 
figures shown for June 30 of each year are as of the end of the mouth 



PrlTata inrssters k/ 



Total 
public 
issues 



19,1*69 
22,760 
23, W 
28.6li* 
30,053 

29,560 
31.735 

33.126 
37,993 
58,997 

't7.96o 
50,097 

50,012 

52,1*29 
55.683 
58,998 

62,961* 
66,969 
71.IS9 

76,1417 

78,682 
89 , 228 



Public 

marketable 

issues 



19,1*69 
22.760 
23.521 
27.353 
28,865 

28,001* 
29. 581* 
29.961 

33.'*39 
1*5,1*90 

37.765 
39,091* 
38,737 

1*0,1*31 

'*2,7U 

1*5,1*91 

1*8, 225 
51.167 

5'*.257 
57.750 



Public non- 
marketable 
Issuas 



92,050p 6s,699p 



62 
1,261 
1,188 

1.556 
2,151 
3.166 
U.55I* 
13.507 

IO.19I* 
11,002 
11,275 

11,999 
12,973 
13.507 

l'+>739 
I'^.roi 
It, 532 

18,667 

20,113 

21,733 
23,35ip 



Securities guaranteed by United States 1/ 



Total 

amount 

unmatured 

out- 
standing 



681 
1*.123 
'*.718 
l*.665 

'*.853 
5. 1*50 
5.'»98 
6,360 
i*.5i*9 

5,673 
5.673 
5,666 

5,666 
5.667 
It, 51*9 

t.551 
'*.567 
'*.552 

't,2'*3 

1*,2U4 
lt,283 

'*,277 



Distribution by classes of holoers 



V, S. Oorersment 

•.gsaolss and 
trust funds and 
federal Beserre 
Banks 2/ 



Private 
investors 



y 



Public Public 

marketable marketable 

issues issues 



w, 

286 
287 
273 
286 



283 
289 
288 

295 
291 
286 

289 

297 

319 

326 
332 

31*8 

36lp 



3.761 
f.3'*3 

'♦.302 

1*.528 
5.I6I* 
5.211 
6.087 
i*.263 

5,390 

5,381* 
5,378 

5.371 
5.376 
i*,263 

1*,225 
'*,2].7 

'*,196 

3.870 
3,863 

3.81*8 

3,835p 



Public noU' 

marketable 

issues 



37 
53 
37 

1*8 
1+8 
87 

81 




2/ 



other figures through April 30, 191+2 are as of the Wednesday nearest 
the end of the month. 

Figures shown for June 30 of each year are as of the end of the month. 
Other figures are in part as of the Wednesday nearest the end of the 
month through May 191*2;- thereafter as of end of the month 
The total amount of securities held by private investors is calculated 
by deducting from the total amount of securities outstanding, the se- 
curities held by tr. S. Government agencies and trust funds and by 
federal Reserve Banks. 




Net Market Purchases or Sales of Government Securities for Treasury Investment Accountsi/ 



(In millions of dollars) 







































Net market purchases or sales (-) 


Jan. 


Peb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1937 

1938 


ll*.U 

-12.0 

1.6 

-9-5 

-•5 

-11*. 5 


5.7 

-3.0 

.1 

'20.9 

1(3.0 

30.0 


119.6 

23.3 

-12.5 

-5-7 
5.8 


11.9 

2.5 

-37.1 

-1.6 

-.7 

.3 


3.9 

-i*.9 
-1*0.1* 

.1* 

-.2 

• 


2U.I* 

.8 

5.0 

•9 
.1* 
•3 


1+.8 
1.2 
3.0 

-2.3 


12.5 

-3.9 

3.3 

-8.1+ 


8.9 
38.5 
71.9 

-3 

« 

-'*.5 


3.7 

1.0 

•'1,2 

-'»*,'* 

-,2 

-1.0 


2.0 

.1* 

-2.8 

-.3 


-15.'* 

6.5 

-3.2 

-1.1 

60.0 


1939 


191*0 

191*1 .,,.... 

19U2 


W3 


* Less than t<=ciortn 














' 













Consists of purchases or sales made by the Treasury. Treasury in- 
veetment accounts comprise (l) trust funds which by law are under 
the control of the Secretary of the Treasury or of the Tr 
Of the United States, and (2) accounts under the control 



easurer 
under the control of certain 



U. S. Oovernment agencies whose investments are handled through the 
facilities of the Treasury Department, This table also includeu pur- 
chases under Section 19 of the Second Liberty Bond Act, as amended, 
and excludes the Ixchange Stabillration Fund. 



Summary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, December 31, 1942 

The following tables preeent eummary data from the Treasury survey, as of 
December 31, 19»^2. of the ownership of securities issued or guaranteed by the 
United States. The , large commercial and savings banks and insurance companies 
covered in the survey account for approximately 95 percent of the holdings of 
United States Government and Oovernment-guaranteed securities held by all banks and 
insurance companies In the United States. 



Table I.- Analysis of Ownership by Type of Security, by Call Classes, 
and by Tax-Exemption Provisions 



Clarification 



By type of security 
SecurltieB iesued by United Statee 

Treasury bills 

Certificates of indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 



Ouaranteed issues ^. 



Total. 



II. By call classes 

Due or first becoming callable 
Within 1 year 



1 to 5 years. . . 
5 to 10 years. . 
10 to 15 years. 
15 to 20 years. 
Over 20 years. . 



PART A - PAR VALUES IN MILLIONS OK DOLLARS 



Public marketable Interest-bearing securities 1/ 



Total 
amount 
out- 
standing 



Held by banks and insurance companies 
covered in Treasury survey 



Federal Housing Administration debentures 



Total. 



III. By tax-exemption provisions 

Wholly exempt from Federal income taxes (*/ 
Partially exempt from Federal income 

taxes 5/ 

Subject to Federal income taxes 



Total. 



6,627 
10.53'* 

9.8S3 

U9,26g 

196 

1+.196 



Total 
6.997 
insti- 
tutions 



80.685 



21,lU2 
20,171 
22.787 

6.»»47 
'*,572 
5.5^3 

22 



'+■533 
6,780 
6,121 
33,1+41+ 
13 
3,106 



6.2>«1 banks 



Total 



H,508 
6,600 
5.838 

23,501 
12 

2.773 



5.751 
commer- 
cial 
banks 



53.996 



80,685 



3.'*57 

29,1+70 
1+7.758 



13.229 

l3.3'+5 

16.737 

3. 9^*5 

3.250 

3. '+70 

19 



1+3.230 



1+.1+97 

6.1*70 

5.670 

19.1+1+5 

12 

2.665 



1+90 

mutual 

saving* 

banks 



38.759 



12,781+ 

11. 5^*7 
13.967 

2,51+1+ 
85!+ 

1,528 



53.996 



80.685 



l,22l* 

19.382 
33.390 



53.996 



1+3.230 



12.521* 

IO.89I+ 

12,031+ 

2.011+ 

592 

69I+ 

7 



10 
129 

167 

U.055 



756 insurance cosipanles 



Total 



199 

life 
insurance 
companies 



i+,U7i 



26 
180 
283 

,9i+U 

1 

333 



10.766 



38.759 



l,iU6 

1I+.196 
27 ■ 889 



1+3.230 



1.125 

12.895 

21+.739 



260 
653 
1.933 
530 
261 
833 



U,i*7i 



1(1+6 
1.79s 
2,771 
1,1+01 
2,396 
i,9'*3 

12 



10,766 



1,301 
3.150 



38.759 



1+.1+71 



(Continued on following page) 



79 

5.185 
5,502 



10.766 



13 
39 

15^* 

8.369 

• 

280 



557 
fire, 
casualty, 
and marine 
insurance 
companies 



20l* 
1.336 
2.21+8 
I.II+I+ 
2.103 
I.8O9 



8.856 



30 

1+.012 
U.8II+ 

8,856 



12 
ll+l 
128 

1.575 
1 

53 
1,910 



Held by 

U. 3. 

Qovemment 

agencies 

and trust 

funds . and 

Federal 

fie serve 

Banks 2/ 



2l+l 
U6I 
522 
25s 
291+ 

13^* 



1,910 



1+9 
1,17"* 



1.910 



1.021 
1.058 
1.1+16 
5.516 

33 

3U8 



Held Ity 

all 

other 

investors 



9.391 



2.661 
2.532 

2,337 
839 
1+20 
601 



9.391 



558 

3.777 
5.056 



9.391 



1.073 

2,696 

2.327 

10,308 

150 

71*3 
17.297 



5.252 

i*.295 
3.712 
1.663 

902 

1.1*71 



17.297 



1.675 

6.311 
9,311 

17.297 



^5 

Summary Data from Treasury Survey of Ownership of Securities 

Issued or Guaranteed by the United States, December 31, 1942 - (Continued) 

Table I.- Analysis of Ownership by Type of Security, by Call Classes, 

and by Tax-Exempt ion Provisions - (Continued) 






PART B - PERCENTAaE DISTRIBUTION BY CLASSES OF 3ECURI TI E8 



Claealfleatioa 



I. 3^ type of security 

Securities Issued 1)y United States 

Treasury bills 

Certificates of indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 

Guaranteed issues j/ 

Total 



II. 



III. 



By call classes 
Qie or first becoming callable 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 30 years 

Orer 20 years 

Inderal Housing Administration debentures. 

Total 

By tax-exemption prOTlsions 

Wholly exempt from Tedoral Income taxes kj 

Partially exempt from federal income taxes ^ 

Subject to Federal income taxes 

Total 



Total 
■aount 
out- 
standing 



8.2 

13.1 

12.2 

61.1 

.2 

5-2 



100.0 



26.2 

25.0 

28.2 

8.0 

6.9 



100.0 



36.5 

59.2 



100.0 



Public marlsetable interest-bearing securities 1/ 



Total 
6.997 
insti- 
tutions 



S.k 
12.6 
11.3 
61.9 

5.8 



100.0 



2U.5 

2l|.7 

31.0 

7.3 

6.0 
6.U 



100.0 



2.3 
35.9 
61.8 



100.0 



Held by banks and insurance companies 
covered in Treasury surrey 



6,2Ul banks 



Total 



10. U 
15.3 
13-5 

» 

6.k 



100.0 



29.6 

26.7 

32.3 

5-9 

2.0 
3.5 



100.0 



2.6 
32.8 

6k.5 



5.751 

ooomar- 

eial 

banks 



11.6 
16.7 
ll*.6 
50.2 

6.9 



100.0 



32.3 

28.1 

31.0 

5-2 

1.5 

l.S 



100.0 



2.9 
33.3 
63.8 



U90 

mutual 
savings 
banks 



.2 

2.9 

3.7 

90.7 

• 

2.1* 



100.0 



5.8 
1U.6 
1*3.2 

XI. 9 

5.8 

18.6 



100.0 



100.0 100.0 



• 5 

29.1 
70. >t 



756 insurance companies 



Total 



.2 

1.7 

2.6 

92.1+ 

« 

3.1 



100.0 



U.l 

16.7 
25.7 
13.0 

22.3 
18.0 
J. 



100.0 



100.0 



l+8!2 
51.1 



100.0 



199 

life 
insurance 
companies 



.2 

.U 

1.7 

9if.5 

• 

3-2 



100.0 



2.3 
15.1 

25.lt 

12.9 

23.7 

20.1+ 

i 



100.0 



'5^:^ 



100.0 



557 fire 
casualty, 
and marine 
insurance 
companies 



.6 

7.1+ 

6.7 

82.5 

• 

2.8 



100.0 



12.6 
21+.1 
27.3 
13.5 

15.1+ 

7.0 



100.0 



2.6 

61.1+ 
36.0 



100.0 



PART C - PERCENTAGE DISTRIBUTION BY OROUPS OF INVESTO.RS 



Held by 

n. S. 

Qovemaent 

agencies 

and trust 

funds, and 

federal 

Be serve 

Banks 2/ 



10.9 
11.3 
15.1 
58.7 
.1+ 
3.7 



100.0 



28.3 

27.0 

21*. 9 

8.9 

^.5 

6.1+ 



100.0 
1*0.2 

53.8 



100.0 



Held by 

all 

other 

investors 



6.2 

15.6 

13.5 

59.6 

.9 

•♦.3 



100.0 



30.1+ 

21+.8 

21.5 

9.6 

5.2 

8.5 



100.0 



36.5 

53. 8 



100.0 



Classification 



I. By type of security 

Securities issued by United States 

Treasury bills 

Certificates of Indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 

Ouaranteed issues j/ 

Total 



II. By ccdl classes 

Die or first becoming callable 

Vithin 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years ; 

15 to 20 years 

Over 20 years 

federal Housing Administration debenture*.. 
Total 



Total 

amount 

out- 

standlzig 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



III. By tax-exemption provisions 

Wholly exempt from federal income taxes Jt/. 
Partially exempt from federal income taxes ^ 

Subject to federal income taxes 

Total 



100.0 



100.0 
100.0 
100.0 
100.0 



Public marketable interest-bearing securities 1/ 



Total 
6.997 
insti- 
tutions 



68.1+ 
64.1* 
62.1 

74.0 



66.9 



62.6 
66.2 
73.5 
61.2 
71.1 
62.6 

88.2 
66.9 



IS-"* 

65.8 
69.9 
66.9 



Less than $500,000 or less than .05^. 
Public marketable interest-bearing securities include all 
interest-bearing securities outstanding except (l) special 
issues to Oovemment agencies and trust funds, (2) adjusted 
service bonds, (3) depositary bonds, (1+) Ifalted States 
savings bonds, and (5) tax series notes and (6) Commodity 
Credit Corporation demend obligations. Such obligations 
were held by institutions reporting, as follows: (l) depos 
Itary bonds: commercial banks, $lll* millions! (2) United 
States savings bonds: commercial banks, $185 millions; 
mutual savings banks, $67 millions; insurance companies, 
♦95 millions; all institutions, $31*7 millions; (3J t»x 
series notes: commercial banks, $56 millions; mutual 



Held by banks and insurance companies 
covered in Treasury survey 



6,21*1 banks 



Total 



68.0 
62.7 
59.2 

h-1 
66.1 
53.6 



60.5 
57.2 
61.3 
39.5 

18.7 
27.6 
33.7 



53.6 



33.1 
1+8.2 
58.1+ 



53.6 



756 insurance companies 



5.751 

oommer- 

cial 

banks 



67.9 
6i.i+ 
57.5 
39.5 
6.0 
63.5 



1+8.0 



52.8 
31.2 
13.0 
12.5 

30.7 



1+8.0 



32.5 
U3.8 
51.8 



1*8.0 



1*90 
mutual 
savings 
banks 



.2 
1.2 
1.7 
8.2 

.1 
2.6 



5-5 



1.2 

3.2 

8.5 

8.2 

5.7 

15.0 

2.9 

5-5 



.6 
U.l* 
6.6 

5.5 



Total 



.U 

1.7 

2.9 

20.2 

.1* 
7.9 



13.3 



2.1 

8.9 

12.? 

21.7 

52.1+ 

r5 



13.3 



2-1 
17.6 

11.5 



13.3 



199 

life 
insurance 
companies 



557 fire, 
easxialty, 

and marine 
nsurance 

companies 



.2 

.1+ 

1.6 

17.0 

.1 

6.7 



11.0 



1.0 
6.6 
9.9 
17.7 
1+6.0 
32.6 
51+.2 



11.0 



13:1 

10.1 



11.0 



.2 

1.3 
1.3 

3.2 

.3 

1.3 

2.1* 



1.1 
2.3 
2.3 

u.o 
6.1+ 

2.1* 
.1* 

2.1* 



1.1* 
1*.0 
1.1* 
2.U 



Held by 

U. S. 

Government 

agencies 

and trust 

funds, and 

federal 

Baserve 

Banks 2/ 



15.1* 
10.0 
11*. 1* 
11.2 
17.0 
8-3 

11.6 



12.6 

12.6 

10.3 
13.0 

9.2 

10.9 

5.7 

11.6 



16.1 

12.8 
10.6 

TiTr 



Held by 

all 

other 

Investors 



16.2 
25.6 

23.6 

20.9 

76.5 

17-7 



21.1* 



21*. 8 
21.3 

16.3 

25.8 

19.7 

26.5 
6.1 



21.1* 



1*8.1+ 
21.1+ 
19.5 



21.1* 



savings banks, $1* millions; insurance companies, $32 millions; 

all institutions, $93 irlllions; (1*) Commodity Credit Corporation 

demand obligations! holdings of these obligations are not 

reported. 

Xxeludes Ixohange StabilitatJ^n fund. 

Ixcludes obligations sold directly to the Treasury. 

Securities the income from which is exempt from the normal rates 

and the surtax rates of the federal inconK tax. 

Securities the income from which is eieicpt from the normal rates 

of the federal income tax. (In the case of partially tax-exempt 

Treasury bonds. Interest derived from $5,000 of principal amount 

owned by any single holder is also exempt from the surtax rates 

of the federal income tax. } 



IP 



^ 



Summary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, December 31, 1942 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding 



PART A - PAR VALUES IN MILLIONS OP DOLLARS 



Itiua, elmadflcd by 
taz-ezaaptloa proTliloa 



I. Wholly exempt from redaral Incone taxe« 2/ 
Treasury note* 

1-1/8^ June igU} 

1% September 191*3 

l-l/gjt December 19U3 

IJt March I9W* 

}/k% June 191*4 

1% September I9U4 

3/ll5t March 191*5 

Total Treasury notes 

Bonds 

Postal saving 

Panaaa Canal 

Conversion 

Total bonds 

Total wholly exempt from Federal 

Income taxes 

II. Partially exempt from Jederal Income 

Treasury bonds 

3-3/8)t June 19l*3-'+7 

3-l/l*)l October 19l*3-l*5- 

3-l/l*)i April 191*4-1*6 

ki December 19l*l*-5l* 

2-3/1*^ September 191*5-47 

2-l/2)t December I9U5 

3-3/1*51 March I9U6-56 

}i June 19l*6-i*S 

3-1/8^5 June 191*6-1*9 

l*-l/l»5t October 191*7-52 

2)t December I9U7 

2-3/l*5l March 191*8-51 

Z-l/Zt September 191*8 

Zf, December 191*8-50 

3-l/85t December I9U9-52 

2-1/2JI December 191*9-53 

2-1/251 September 1950-52 

2-3/U)t June 1951-5'* 

35I September 1951-55 

2-l/Ujt December 1951-53 

2f June 1953-55 

2-l/l*)6 June 195'*-56 

2-7/8)1 March I955-6O 

2-3/U5I September 1956-59 

2-3/U5t June 1958-63 

2-3/U5I December 196O-65 

Total Treasury bonds 



Publle aarketable interest-bearing securities 1/ 



Total 

■BOont 

out- 

standlag 



629 
280 
1*21 

515 
1*16 
283 
718 



3.261 



117 
50 

29 



196 



3.'*57 



U5l* 
1.1*01 
1.519 

1.037 

1,211* 

51*1 

1*89 

1.036 

819 

759 

701 

1.221* 

U5I 
571 
1*91 

1.786 
1.186 
1.627 

755 

1.118 

725 

681 

2.611 
982 

919 

1.1*85 



Held by banks and insuranoa ooBpaalss 
oorared in Treasury surrey 



Total 
6.997 
insti- 
tutions 



26,581 



192 
130 
108 



35 
289 



1.212 



13 
1.221* 



216 

727 
855 

61*7 
762 
391 

317 
635 
1*80 

1*18 
59I+ 
932 

370 

381* 

1.223 

907 
1.190 

320 
821 
619 

535 

1.163 

613 

689 
1.053 



6.2UI banks 



Total 



17.336 



178 

12l* 

82 

21*6 
197 

35 
272 

1.131* 



12 

1.11*6 



195 
572 
6U3 

500 
559 
329 

212 

1*53 
31*1 

285 
521 
693 

293 

1*2!* 

255 
1.035 

720 

77"* 

23I* 
768 
59U 

1*10 
588 
361 

279 
393 



12.1*29 



5.751 
cooaer- 

oial 
banks 



171 
122 

79 

21*3 

196 

3^ 
269 



1.113 



1.125 



154 
515 

580 

i*¥* 
501 
307 

185 

396 

289 

232 
5O8 
630 

283 

1*1U 
209 

963 
651 
660 

180 
7'*1 
583 

399 
i*7i 
320 

237 
355 



11,206 



1*90 

mutual 

saTincs 

banks 



21 



Ul 

63 

56 

57 

22 
27 

57 
51 

53 

II 

10 
11 
1*6 

72 

1^ 

54 

27 

11 
11 

117 
1+1 

'♦3 
38 



756 insoranoe oonpaales 



Total 



1.222 



79 



22 
155 
211 

11*8 

203 

62 

105 
182 
139 

133 

73 
239 

77 

50 

129 

188 
188 
1*16 

86 
53 
25 

125 
575 
252 

1*10 

660 



199 

life 
insurance 
companies 



1*.907 



3 
3 

21 



30 



30 



10 
110 

162 

HI 

163 

29 

92 
153 

116 

75 

1*6 

202 

61* 

28 

91 

129 
135 
352 

61 

28 

2 

91 

1*63 
187 

332 

535 



557 
fire, 
casualty 
and Bariaa 
insurance 
companies 



3.76U 



11 
3 
6 

6 

5 

1 

17 



1*8 



1 
U9 



12 

1*6 
1*9 

37 
1*0 
33 

13 
30 
23 

57 
27 
37 

13 
23 
38 

59 



2l* 
26 
23 

112 

65 

78 
125 



Held by 

0. S. 

OoTernaent 

aceaslee 

and trust 

funds, and 

federal 

SeserTS 

Banks 2/ 



I.IU2 



UU 
32 

55 

107 
72 
59 



525 
33 



33 

558 



101 
199 
217 

110 

168 

56 

69 
210 



87 

13 

165 

28 

55 
U8 

299 

166 
21U 

112 

168 

38 

i*U5 
18l* 

1^? 



Held b7 

all 

other 

iarastors 



3.532 



32U 
118 
258 

155 
139 
188 
31*3 

1.525 



72 
1*9 
29 

150 



1.675 



137 
U71* 

1*1*7 

879 

'II 

103 
191 
250 

2^ 

ife 

59 

261* 
lis 
223 

32U 

128 

68 

95 

1.003 

185 

137 
285 

5.713 



(Continued on following page) 



■r^yyjifarzk.y^: 



isM 



^7 



Summary Data from Treasury Survey of Ownership of Securities 

Issued or Guaranteed by the United States. December 31. 1942 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART A - PAR VALUES IN MILLIONS OF D0LLAR3-( Continued) 



lesns, clastlfiad by 
taz-exemptioa prorlsion 


Public aarlntable interest-baariog lacurlties 1/ | 


Total 
aaount 
out- 
standing 


Held by bank* and insoraaee eoq>anlai 
eoTerad in Treasury surray 


Held by 

- 0. S. 

OoTernneat 

agencies 

and trust 

funds, and 

Federal 

Beserye 

Banks 2/ 


Held I7 

all 

other 

InTestora 


Total 
6.997 
insti- 
tution* 


6,2Ul baafcs 


756 insurance eompaolei 


Total 


5.751 

comnep- 
dal 
bank* 


1*90 
■utoal 
savlngi 
bank! 


Total 


199 

Ufa 
innranea 
coapaniai 


557 
fira, 
casualty, 
and marine 
inmranea 
eoapanias 


II. Partially exempt from Federal Income 
taxes k/ (continued) 
Ouaranteed Issues 5/ 

Commodity Credit Corporation 

3/1*^ May 191*3 

Federal Farm Mortgage Corporation 
3-1/1*56 March 19l*l*-61* 


290 

95 
835 

22 

779 
755 

llU 
2.889 


21*1* 
61* 

539 
19 

393 

687 

99 

2,Ol*6 


238 

.^^ 
1*27 

7 

61*3 

97 
1.767 


237 

22 
1*0U 

7 

286 
636 

97 
1.689 


1 

ll* 
22 

1 

33 
7 

• 


5 

28 
112 

12 

71+ 
1*1+ 

2 


2 

27 
102 

12 

66 
38 

• 


3 

1 
11 

« 

8 
7 

2 
31 


• 

2 
92 

1 

IU5 

3 

• 


1+5 

28 
20U 

1 

21+1 

61* 

ll* 
599 


3 May 19l*l*-l*9 


Federal Housing Administration 


Home Owners' Loan Corporation 

3i6 May 19Ul*-52 

1-1/2J5 June 19't5-'*7 

Federal Public Housing Authority 

l-3/8i6 February I9I+I* 


78 


279 


21*7 


21+5 
3.777 

1.021 


Total partially exempt from Federal 
Income taxes. 


29.1*70 

6.627 

1.589 
1,506 
1.609 
2.035 
3.795 
10,53"* 


19.382 


l't.196 

'*.508 
905 

1,021* 
1.093 

1.378 

2,200 


12.895 


1.301 


5.185 


1+.012 


1.171* 
12 


6,311 


III. Subject to Federal income taxes 

Treasury bills 


■+.533 


i*.i+97 


10 


26 


13 


1.073 


Certificates of indebtedness 

5/8i6 February 191*3 

.6556 May 191*3 

7/8J5 August 191*3 

7/8^5 November 191*3 

7/8)6 December I9U3 

Total certificates of indebtedness 

Treasury notes 

Z/hf, March I9U3 

3/l*)( September 191*4 

l-l/lt?f March I9U5 

3/l*j5 December I9U5 

Ij8 March 19U6 

1-1/256 December 191*6 

Total Treasury notes 


91*3 
1.01*3 

1.112 

1.1*17 

2,261* 


893 
1.012 

1,072 

2,ll*9 

6.1+70 


12 
12 
21 

33 

51 


38 

19 

}^ 
Ho 

61* 


17 

3 

2 

8 
10 

39 


21 
16 
17 
32 

51+ 


37"+ 
153 

218 

311+ 

1 


272 
310 
280 
305 
1.530 


6,780 


6,600 


129 


180 


lltl 


1.058 


2.696 


66 
635 

1,606 
531 
503 

3.261 

6,602 

1,115 
3.061 
1,014 
1.292 
2,098 
1.963 
510 
I.02I* 
1,501 
1,1*1*9 
2,118 
2,827 
2.716 

22.687 


11* 
518 

'l*U8 

1*11* 

2,386 

t.909 

815 

2,32"* 

807 

1.055 
1.531 
1.1*50 
31*1 
656 
1.136 
1.016 
1.506 

1.798 

1.672 


13 

1*88 

1.076 

1*18 

380 

2.330 

U.70I* 

652 

2,088 

698 

91*9 

1.367 

1.265 

316 

525 

911 

592 

180 

1*86 

1.01*2 


12 
"+71 

l,0i*7 
1*03 
365 

2.259 


2 
17 

1^ 
ll* 
71 


« 

51+ 
30 

56 


i 

20 

21* 
21 

125 

150 

181* 

91* 

87 

139 

169 

17 

120 

199 

1*01 

1,236 

1,2U2 

567 


• 

7 
18 
10 
10 

35 


39 

}^ 
2I+9 

18 

21* 

5I+5 

891 

153 

7 

11*1* 

71+ 
155 
193 

82 
137 
136 
120 
181 
263 

338 
1.983 


13 

102 
226 

65 
330 


11*7 


205 


80 


802 


Treasury bonds 

256 March 191*8-50 

l-3/l*iS June I9I+8 

256 June 191*9-51 

256 September I9U9-5I 

256 December I9I+9-5I 

25J March I95O-52 


1*93 

2.005 

599 

811 

1,206 

1.135 

281 
212 

560 
21*1 

69U 


158 

83 

98 

139 

161 
130 

35 
313 
351 
351 
180 
1*86 
31*8 


161* 
236 

161* 

185 

25 

131 
225 

1*21* 
1.326 
1.313 

630 


13 

ll 

ll 
17 

9 

10 

26 

23 

90 
71 
63 

1+33 


11*7 
729 

163 

1*12 
320 
87 
230 
229 
313 
1+31 
765 
705 

1+.595 


256 December I95I-55 

2-1/256 March 1952-5*+ 


2-1/1*56 June 1952-55 


2-1/256 March I956-58 


2-1/256 June 1962-67 


2-1/256 December I963-68 


2-1/256 September I967-72 

Total Treasury bonds 


16.109 


11,071 


8.239 


2.833 


5.037 


l*,6ol* 


Ouaranteed issues ^ 

Commodity Credit Corporation 

1-1/856 February I9I+5 

Hoconstruction Finance Corporation 

1-1/856 July 191*3 

156 April 191*4 

Total guaranteed issues 


1*12 

32I* 
571 


337 

271* 
41*9 


307 
263 

1*35 


291* 

256 
1*26 


13 

7 

10 

30 
3.150 


30 
11 

lU 


2U 

3 
5 

32 


6 

8 
8 

22 


31 
103 


1*1* 

1+1 
59 


1.307 
1*7.758 

80,685 


1,060 


1,006 


976 


51+ 


ii|l* 


Total subject to Federal income taxes . . . 
IT. ttrand total 


33.390 


27,889 


21*. 739 


5.502 


U,8ll* 


6S8 


5.056 


9.311 


53.996 


1*3.230 


38.759 


i*.i»7i 


10,766 


8,856 


1.910 


9.391 


17.297 






1^ rii! 1 

' 'lif 


lb 



(Continued on following page) 



t^6 



Summary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, December 31, 1942 - (Continued) 



Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART B - PERCKNTA3E DISTRIBUTION BY (aOUP3 OF INVESTORS 



Iiioa, cX«atlfl*d. ^ 
tax-«saaptlon prorlilon 



Pabllo marlntatl* lntar«it-b«arliig seoorltlai 1/ 



Total 

anount 

out- 

■tandlnx 



Vholly axenpt from fedaral Income taxeB 2/ 
Treatxuy aote» 

l-l/g)( JuM 19>*3 

1^ Septanber IS^} 

l-l/8)t December l^ki 

1)1 March 13Vi 

i/Ui, June 19"^ 

m September ig^^^ 

3/1*51 March 13U5 

Total Treasnry notee 

Bondi 

Poital saTlngB 

Panama Canal 

Converelon 

Total bonua 

Total wholly exempt from federal 

income taxes 



II. Partially exempt from federal Income 
taxee uy 

Treasury bonds 

3-3/g)t Juno 19'»3-'*7 

3-l/U)t October ig^S-^S 

3-l/l*)t April I9U4-W 

ki December 19U4-^ 

3-3/1*^ September ig"*?-^? 

2-1/251 December I9U5 

3-3/U)t March I94&-56 

3)1 June 19l*6-I»8 

3-1/8)6 June I9U6-J49 

lt-l/U)t October igl+T-SS 

2ft December I9I+7 

2-3/U)t March igUg-Jl 

2-1/2^ September 19U8 

Zi December igltg-JO 

3-l/8)t December 19149-52 

2-l/2)t December 191*9-53 

2-1/2)1 September 1950-52 

2-3/U)tJune 1951-5'* 

3)t September 1951-55 

2-l/U)t December 1951-53 

2% June 1953-55 

2-l/l*)t June 195'<-56 

2-7/8)1 March 1955-6° 

2-3/U)l September I9 56-59 

2-3/U)t June 1958-63 

2-3/U)t December I960-65 

Total Treasury bonds 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 



Held by banks and iasuranoe compaale* 
ooTered in Treasury surTey 



Total 

6.997 
insti- 
tutions 



100.0 



100.0 
100.0 
100.0 



100.0 



100.0 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



^ 



io.5 
25.6 



1*9.1 

1*9.2 

12.5 
1*0.3 



6,2la banks 



Total 



5.751 
commer- 
cial 
banks 



U90 
mutual 
sarins* 
banks 



37-1 



10.1 

1.5 

.5 



28.1* 

1*1* .3 
19.1* 

1*7.8 
1*7.1* 
12.3 
37.8 



3H.8 



9.5 

1.2 

.1* 



27.2 

1*3.6 

18.7 

1*7.2 
'^7.1 

12.0 
37.5 



3'*.l 



9.'* 

1.2 

.1* 



6.1 



1*7.6 
51.9 
56.3 

62.1* 

62.7 

72.2 

6i*.9 
61.3 
58-7 

55.1 

81*. 7 

76.2 

82.0 
83.0 
78.1 

68.5 
76.5 
73.1 

1*2.3 

73.'* 

85.1* 

78.5 

1*1*. 5 
62. i* 

75.0 
70.9 



100.0 



65.2 



1*2.9 

1*0. s 
1*2.3 

1*8.2 
1*6.0 
60.8 

1*3.1* 
1*3.7 
1*1.6 

37.6 

56.6 
65.0 

7'+.3 
51.8 

57.9 
60.7 
U7.6 

31.0 
68.7 

81. 9 

60.2 
22.5 
36.7 

30.1* 
26.5 



6.0 



1*6.8 



33.9 
36.8 

38.2 

1*2.8 
'*1.3 
56.7 

37.9 
38.2 

35.'» 

30.6 
72.5 
51.5 

62.8 
72.1* 
1*2.5 

53.9 

5^.9 

1*0.6 

23.8 
66.3 
80 .U 

58.6 

18.1 
32.6 

25.8 

23.9 



1*2.2 



1.2 
.8 
.7 

.6 
.3 
.3 
.1* 



756 insurance companies 



Total 



199 

life 

insurance 

companies 



.6 



2.1 
2.2 
6.3 

1.3 

1.8 

.2 

2.1* 



2.1* 



8.9 
U.l 
l*.l 

5.1 

U.l 

5-5 
5.5 
6.3 

7.0 
1.8 
5.2 

2.1 
1.8 
9-3 

i*.o 
5.8 
7.0 

7.2 

2.1* 
1.5 

1.6 

^5 

1*.2 

U.6 
2.6 



1*.8 

11.1 

13.9 

1U.3 
16.7 

u.l* 

21.5 
17.6 
17.0 

17.5 
10.4 
19.6 

17.0 

8.8 

26.3 

10.5 
15.8 
25.6 

11.1* 
U.8 
3.5 

18.1* 
22.0 
25.7 

UU.6 

Ui*.5 



"4.6 



18. 5 



.1* 
1.1 
U.9 

.1 
.6 



557 
fire, 
casualty, 
and marine 
insurance 
companies 



2.1 

7.8 

10.7 

10.7. 

13. u- 

5.3 

18.8 
IU.7 
11* .2 

9.9 

6.5 

16.5 

ll*.l 

U.8 

18. 5 

7.2 
11 .U 
21.6 

8.1 

2.5 

.3 

13-3 
17.7 
19.0 

36.1 
36.0 



1U.2 



1.7 
1.0 
1.3 

1.2 

1.2 

.2 

2.1* 



Held tiy 

V. S. 

OeTernaent 

a^neies 

and trust 

funds, and 

fedaral 

Isserre 

Banks 1/ 



2.6 
3.3 
3.2 

3.6 

l:i 

2.7 

2.9 

2.8 

7.6 
3.9 
3.0 

2.9 
3.9 
7.8 

u 

3.9 

3.2 
2.3 

3.2 

1:1 



"♦.3 



18.1 
11.1* 
13.0 

20.8 
17.3 
20.9 
12.0 



Held by 

•11 

otbar 

inrestors 



16.1 



28.1* 



16.1 



22.2 
ll*.2 
1».3 

10.6 
13.9 
10.3 

ii».i 

20.3 

10.9 



1U.8 

15.1 

5.2 

7.5 
17.1 

18.8 

10.0 
9.9 



13.3 



UpIi 
61.1* 

30.1 
■♦7.7 



1*6.8 




1*8 .U 



30.2 
33.9 
29-5 

26.9 

23.4 
17.5 

21.0 
18.1* 
30.5 

33.5 
13.5 
10.3 

11.8 

7.2 

12.0 

IU.8 

9.5 

13.7 

1*2.8 
11.5 

13.9 
38.1* 

18.8 



15.0 
19.2 



21.5 



(Continued on followine pace) 



^^9 



Summary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States. December 31. 1942 - (Continued) 

Table II.. Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART B - PERCENTAOE DISTRIBUTION BY OR0UP3 OP INVESTORS- ( Continued) 



Issue, classified by 
taX'Sxemptlon provision 



II. Partially exempt from Federal Income 
taxes 4/ tcontlnuBfll 
Guaranteed Issues 5/ 

Commodity Credit Corporation 

3A?S May 1943 

Federal Farm Mortgage Corporation 
3-l/'t)6 March igUU-glt 

3!^ May igiA-Ug 

Federal Housing Administration 
debentures 



Home Owners' Loan Corporation 

3i May 191*4-52 

1-1/2% Jyme 19k^k^ 

Federal Public Housiig Authority 
1-3/356 February igUU 

Total guaranteed issues 



Total partially exempt from Federal 
Income taxes 



III. 



Subject to Federal income taxes 

Treasury bills 

Certificates of indebtedness 



3/si 

7/856 
7/856 



February 

May 

August 

November 

December 



191*3. 
191*3. 

191*3. 
191*3. 
191*3. 



Total certificates of Indebtedness. . 
Treasury notes 



3/i*!t 
3/1*56 
1-1/1*56 

im 

li 

1-1/256 



March 

September 

March 

December 

March 

December 



191*3. 
191*1*. 
191+5. 
191*5. 
191*6. 
191*6. 



Total Treasury notes. 
Treasury bonds 



2% March 

1-3/1*56 June 
256 June 

2^ September 

2% December 

2^ March 

2% December 

2-1/256 March 
2-1/1*56 June 
2-1/256 March 
2-1/256 June 
2-1/256 December 
2-1/256 September 

Total Treasury bonds , 

Ouaranteed issues ^ 

Commodity Credit Corporation 

1-1/8^ February I9U5 

Eeconstructlon Finance Corporation 

1-1/856 July 191*3 

156 April 191*1* [\[[ 

Total guaranteed issues 

Total subject to Federal income taxes.. 



191*8-50. 

191*8 

191*9-51. 
191*9-51. 
191*9-51- 
1950-52. 
1951-55. 
1952-51* • 
1952-55. 
1956-58. 
1962-67. 
1963-68. 
1967-72. 



IV. Orand total. 



Total 
amount Total 
out- 6,997 

standing Insti- 
tutions 



Public marketable Interest-bearing securities 1/ 



100.0 



100.0 
100.0 



100.0 



100.0 
100.0 



100.0 



100.0 



100.0 



100.0 

100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



100.0 



100.0 
100.0 



100.0 



100.0 



100.0 



Held by banks and Insurance companies 
covered In Treasury survey 



6,21^1 banks 



Total 



81*. 2 

67.7 
61*. 5 



50.1* 
91.0 

87.1 



70.8 



82.3 

37.7 
51.1 

33.7 

1*1.0 
85.1 

85.0 



65.8 



68.1* 

59.1* 
69.3 
69.1 
69.6 
59.7 



61*. 1+ 



20.5 

81. 5 
70. f* 
81*. 1* 
82.3 
73.2 



"go 

1*8.2 



68.0 

57.0 
68.0 
67.9 
67.7 
58.0 



62.7 



71*. I* 



73.1 

75-9 
79.6 
81.6 
73.0 
73.9 
66.9 
61*. 1 
75.7 
70.1 
71.1 
63.6 
61.6 



71.0 



81.8 
8U.5 

78.6 



20.0 
76.8 
67.0 

78.7 

75.5 

71.1* 



71.3 



58.1* 

6g.2 
68.8 
73.5 
65.2 

61*. 1+ 
61.9 
51.3 
60.7 
1*0.9 
8.5 
17.2 

38.1* 

Ug.g 



81.1 



69.9 



66.9 



71*. 6 

81.2 

76.2 



76.9 
58.1* 



53.6 



Less than $500,000 or less than .O556. 
Public martoetable interest-bearing seeurlties Include all interest- 
bearing securities outstanding except (1) special issues to Oov- 
ernment agencies and trust funds, (2) adjusted service bonds, 
(3) depositary bonds. (1*) United States savings bonds, (5) tax 
series notes and (6) Commodity Credit Corporation demand obliga- 
tions. Such obligations were held by institutions reporting, as 
jVi „': } ' <*®P°»"ary \>oai.e: commercial banks, $lll* millions: 
V<;; united States savings bonds: commercial bank«, $185 millions- 
mutual savings banks, $67 millions; insurance companies. $95 mil-' 

\lZlLf\ i"^'ii2"' ^^'^^ "llllon-: (3) tax .^.. iotes: 
commercial banks. $56 million.; mutual saving, bank.. $1* million.; 



5.751 
commer- 
cial 
banks 



82.0 

23.1* 
U8.1* 

30.7 

36.7 
81*. 2 

8U.7 



58.1* 



1*3.8 



67.9 

56.2 
67.2 
66.6 
66.1 
56.6 



61.1+ 



17.5 
71*. 2 
65.2 
75.9 
72.6 
69.3 
69.0 



1*1*.2 
65.5 
59.1 

62.7 
57.5 
57.8 
55.1 
20.7 
37.3 
16.6 



25.6 
"36:3 



71.1* 

79.0 
7U.5 



7U.6 



51.8 



1*8.0 



1*90 
mutual 
savings 
banks 



ii*.3 

2.7 

2.9 

i*.3 
•9 



2.7 



l*.l* 



.8 

.8 

1.3 

1.6 

1.3 



1.2 



^•1 
2.6 

1.8 

2.7 

2.8 

2.2 



2.2 



ll*.2 
2.7 
9.7 

10.7 
7.7 

6.6 

6.8 

30.6 

23.1* 

2l*.2 

8.5 

17.2 

12.8 



12.5 



3.2 

2.1 

1.7 



2.3 



6.6 



5.5 



756 insurance companies 



Total 



1.9 

30.0 
13.1* 

51*. 5 

9.5 
5.9 

2.1 



199 

life 

Insurance 

companies 



557 
fire, 
casual ty, 
and marine 
Insurance 
companies 



9.6 



17.6 



2.1* 
1.3 
1.2 

1.9 
1.7 



28.5 
12.2 

5l*.2 

8.5 
5.0 



8.6 



13.6 



l.U 
1.3 



1.0 

.9 



1.6 
1.1 



i*.o 



1.7 



.5 
l*.7 
3.1* 
5.7 
6.8 

1.7 



3.1 



ll*.7 

7.7 

10.8 

8.2 

7.8 

9.1* 

5:0 

12.8 

15.0 

29.3 

62.6 

1*6.1* 

23.2 



1.1 
.2 
.1 
.1* 
.3 



.2 

3.6 
2.3 
3.8 
1*.8 
.7 



1-9 



22.2 



7.2 



:l 



i*.i 



11.5 



13.3 



13.5 
6.0 
9.2 
6.7 

6.6 
8.6 
3.3 
11.8 
13.3 
27.7 
58.3 
1*3.9 
20.9 



.2 

1.3 
1.1 
1.1 
1.6 

1.1* 



1.3 



.3 

1.2 
1.1 
1.9 

2.0 
1.1 
1.2 



20.3 



5.8 

.9 

.9 

2.5 



10.1 



1.2 
1.7 

li 

1.2 
.9 
1.7 
1.0 
1.7 

1.6 
i*.3 
2.5 
2.3 



1.9 



l.U 

2.U 
1.5 



1.7 

l.U 



2.U 



Held by 

U. S. 

Oovernment 

agencies 

and trust 

funds, and 

Federal 

Reserve 

Banks 2/ 



Held by 

all 

other 

Investor. 



2-3 

11.0 

5.7 

18.6 

.u 

.U 



8.5 



12.8 



15.U 

23.5 
10.1 

13.5 
15.U 



10.0 



59.5 

2.U 
15.5 

u 

16.7 



13.5 



13.7 

.2 

lU.2 

5.7 

7.U 

9.8 

16.0 

13. U 

9.0 
8.3 
8.5 
9-3 
12.5 



8.7 



7-5 

2.8 
11.0 



7.9 



10.6 



11.6 



15-7 

30.0 
2U.5 

6.1 

30.9 
8.5 

12.5 



20.7 



21. U 



16.2 

17.1 
20.6 
I7.U 
15.0 
U0.3 



25.6 



20.0 
16.1 
lU.l 
12.3 
13.0 
10.1 
12.1 



13.2 

23. 8 

6.2 

12.6 

19.6 
16.3 
17.1 
22.5 

15-3 

21.6 
20.3 
27.1 
26.0 



20.3 



10.7 

12.7 
10.3 



19.5 



21. U 



insurance companies, $32 millions; all institutions, $93 mil- 
lions; (U) Commodity Credit Corporation demand obligations: 
holdings of these obligations are not reported. 

2/ llxcludes Exchange Stabilisation Fund. 

2/ Securities the Income from which is exempt from the normal 
rates and the surtax rates of the Federal Income tax. 

U/ Securities the Income from which is exempt from the normal 
rates of the Federal income tax. (In the case of partially 
tax-exempt Treasury bonds. Interest derived from $5,000 of 
principal amount owned by any single holder Is also exempt 
from the surtax rates of the Federal income tax.) 

5/ Excludes obligations .old directly to the Treasury. 



m 




■NV: 



v28S 



PRICES AND YIELDS OF GOVERNMENT SECURITIES 
(Including securities Issued by Federal agencies) 



-50- 



Wj'.v/yi'. 



m 



51 



Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
January 30, 1943 
Table I.- Securities Issued or Guaranteed by tlie United States Government 

PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES 



Amount 

out- 
stand- 
ing 
(Mil- 
lions) 



Description 



Price data 

(Price declmale are 

thlrty-seconde) 



Bid 



Ask 



Mean 



Change 

In 
mean 
from 

Dec. 31, 

igita 



Tleld data 



Yield 
2/ 



Ctaeuige 

in 
yield 

from 
Dec. 31 

1942 



Matu- 
rity 
yield 



Date 

of 
iseue 



Price range 

since first traded 1/ 

(Price decimals are 

thirty-eeconds ) 



Hl^ 



Price 



Date 



Low 



Price 



Date 



1942-43 price range 1/ 

(Price decimals are 

thirty-seconds) 



High 



Price 



Date 



Low 



Price 



Date 



Issued by U. S. GoTernment 



»1.115 
3.062 
1.014 
1.292 
2,098 

1.963 

510 
1.024 
1.501 
1,449 

2.118 
2.831 
2,716 



66 
635 

1,606 
531 
503 

3.261 



1.588 
1.506 

i,fa09 
2.035 

3.800 
2.211 



2i 

1-3/4 

2 

2 

2 

2 

2 

2-1/2 - 

2-1/4 - 

2-1/2 - 



Treasury bonds 

- 3/15/48-50 

- 6/15/48 

- 6/15/49-51 

- 9/15/^9-51 

- 12/15/1*9-51 



3/15/50-52 
12/15/51-55 
3/15/52-5^ 
6/15/52-55 
3/15/56-58 2/ 



6/15/62-67 4/ 



2-1/2 

2-1/2 - 12/15/63-68 5/ 

2-1/2 - 9/15/67-72 U 

Treasury notes 
3/4)6 D- 3/15/43 
3/4 D- 9/15/"*^ 
11/4 c- 3/l5/'*5 
3/"* B- 12/15/45 
1 A- 3/15/W 
1-1/2 B- 12/15/46 

Certificates of 
indebtedness ^ 



5/8)f 

.65 

7/8 

7/8 

7/8 

7/8 



^71753 

5/1/H3 

8/1/43 

11/1/U3 

12/1/43 

2/1/44 



101.21 
100.14 
100.27 
100.23 
100.21 

100.19 
100.15 
104.01 
101.23 
103.20 

100.20 
100.16 
100.27 



100.01 

99.26 

100.11 

99-15 

99-20 

100.10 



101.23 

100.16 
100.29 

100.25 

100.23 

100.21 
100.17 

104.03 

101.25 

103.22 

100.22 
100.18 
100.29 



100.03 

99-28 

100.13 

99-17 

99.22 

100.12 



101.22 

100.15 
100.28 
100.24 
100.22 

100.20 
100.16 
104.02 
101.24 
103.21 

100.21 
100.17 
100.28 



100.02 
99-27 

100.12 
99.16 
99.21 

100.11 



+ .15 
■•■.08 
+ .08 
+ .08 
+ .08 

+ .10 
+ .09 
+ .14 
+ .16 
+ .16 

+ .15 

+ .02 
+ .04 



.00 
+ .06 
+ .08 
+ •17 
+ .18 
+ .10 



(ijaoted on a yield basis) 
Not quoted 



40)6 
59^ 
70)6 
73!^ 
77^ 



.37^ 
.56^ 
.67?6 
■ 70)6 
.1^$ 



38)6 
58^ 
68)6 
72)6 
76J5 



-.1456 
-.10)6 
-.10?S 
-.11?6 



1.65)6 
1.66 

1.85 
1.88 
1.89 

1.91 

1.94 

2.01 
2.04 
2.18 

2.46 
2.47 
2.45 



.21 
-85 

1.07 

•93 
1.11 
i.4i 



10)6 
05 

0' 



-.04 

-.04 
-.03 
-.06 
-06 
-.04 



1-75! 

1.89 
1.91 
1.92 

1-93 

1.96 

2.09 

2.09 

2.21 

2.46 
2.47 
2.46 



3/15/1*1 

12/1/42 

1/15/42 
5/i5/'*2 
7/l5/'*2 

10/19/42 

12/15/41 

3/3i/'*i 

2/25/42 

6/2/41 
5/5/'*2 

12/1/42 
10/20/41 



3/l5/'*i 

1/31/ul 

9/25/1*2 

12/18/40 

11/1/41 

6/5/1*2 



6/25/42 

9/21/42 

8/15/42 

11/2/42 
12/1/42 

2/1/43 



104.05 
100.16 

101.11 

100.26 

100.24 

100.20 
101.16 
106.16 
101.25 
105. 08 

100.22 
100.20 
103.15 



101.04 
100.21 
100.12 
100.18 
100.18 
100.15 



8/2/41 
1/29/43 
4/15/42 
1/18/1*3 

1/16/43 
1/30/43 

12/5/41 
8/2/41 
4/4/42 

11/5/1*1 

10/22/42 
1/14/43 
11/5/1*1 



7/25/1*1 
9/10/41 
1/30/43 
9/9/1*1 
10/25/41 
5/29/1*2 



100.22 
100.01 
100.06 

100.04 

100.03 

100.01 
100.01 
101.04 

100.16 
101.30 

100.00 
100.01 
100.01 



100.02 

99-11 

100.00 
98.28 

99-02 

100.01 



2/25/41 
12/23/42 

8/5/42 
10/6/42 

8/5/42 

11/2/42 
12/5/42 

3/20/41 

2/18/42 
12/26/41 

8/17/42 

12/24/42 

1/2/42 



1/30/43 
12/10/41 
10/30/42 

10/6/42 
12/29/42 

1/2/43 



Quoted on a yield basis) 



12/17/42 

1/30/43 
1/30/43 
1/30/43 
1/30/43 
1/30/43 



7/18/42 

10/15/42 

8/11/42 
10/29/42 
12/26/42 

1/25/43 



4l2 



324 
571 



Commodity Credit Corp . 
1-1/8)6 G- 2/15/45 

Beconstruetlon Finance 

Corporation 
i-l/8)6-v- 7/l5/'*3 
1 w- 4/15/44 



Guaranteed by U. S. GoTernment 6/ 



102.01 
100.16 
101.11 
100.26 
100.24 

100.20 
100.28 
104.12 
101.25 
103.21 

100.22 
100.20 
101.15 



100.14 
100.01 
100.12 
99-28 
100.00 
100.15 



3/23/42 
1/29/43 
4/15/42 
I/I8/43 
1/16/1*3 

1/30/43 

1/28/42 

l*/6/i*2 

4/4/42 

1/30/43 

10/22/42 
1/14/43 
4/6/42 



3/12/42 
3/i*/i*2 

1/30/43 

1/28/42 
1/28/42 

5/29/42 



100.31 

100.01 
100.06 

100.04 
100.03 

100.01 
100.01 
102.28 
100.16 
102.00 

100.00 
100.01 
100.01 



(^oted on a yield basis) 



100.02 
99.15 

100.00 
98.28 
99-02 

100.01 



5/4/42 

12/23/42 

8/5/1*2 

10/6/42 

8/5/42 

11/2/42 
12/5/42 
2/13/42 
2/18/42 
2/17/1*2 

8/17/42 

12/24/42 

1/2/42 



1/30/43 

8/24/42 

10/30/42 

10/6/42 
12/29/42 

1/2/43 



30)6 
3855 
58^ 
68)6 
72)6 



12/17/42 

1/30/43 
1/30/43 
1/30/43 
1/30/43 
1/30/43 



82)6 



7/18/42 

10/15/42 

8/11/42 
10/29/42 
12/26/42 

1/25/43 



100.03 



100.07 
100.05 



100.05 



100.09 
100.07 



100.04 



100.08 
100.06 



+ .10 



.00 
+ .03 



1.06 



•57 
.84 



-.16 



-.08 
-.09 



7/21/41 



4/17/41 
7/3/1*1 



101.00 



101.05 
100.26 



9/2/41 



9/10/41 
8/5/1*1 



99.25 



100.06 
99.25 



12/27/41 



12/27/41 
12/27/41 



100.14 



100.27 

100.15 



3/5/1*2 



1/28/42 
2/25/42 



99-26 



100.07 
99-30 



1/2/43 



1/27/43 

1/2/42 



m 














PART B - TAXABLE TREASURY 


BILLS 












Amount 


Maturity 
date 


Issue 
date 


Discount 


Amount 

out- 
standing 
(Millions) 


Maturity 
date 


Issue 
date 


Dl«ftftnw+. 1 




Bid 


Ask 


Mean 


Change in 

mean from 

Dec. 31. 1942 




1 


(Millions) 


Bid 


Ask 


Mean 


Change in 

mean from 

Deo. 31. 1942 


1500 
501 
502 

501 
503 
505 


2/3/1*3 
2/10/43 
2/17/43 

2/24/43 

3/3/1*3 

3/10/43 


11/4/42 
11/12/42 
11/18/42 

ll/rj/42 
12/-/1*2 
12/9/42 


-37)6 
•37 
• 37 

•37 
•37 
•37 


-28)6 

.28 

.28 

.28 
-30 
•30 


.3256 
.32 

• 3? 

■ 32 

• 31* 
-31* 


-.03 
-.03 

-03 
-.01 
-.01 


$601 
601 
603 

600 
602 
702 
702 


3/17/1*3 
3/24/43 
3/31/1*3 

i*/7/i*3 
4/14/43 
4/21/43 
4/28/43 


12/16/42 
12/23/42 
12/30/42 

1/6/43 
1/13/1*3 
1/20/43 
1/27/43 


■ili 
•37 

• 37 

•37 

• 37 
•37 
•375 


.30^ 

• 32 

•32 

• 32 

.32 

• 32 
■ 35 


•31*^ 

• 31* 
•31* 

• 31* 

• 31* 
•31* 

• 36 


-.01)6 

-.01 

-.02 














(Continued on 


'ollowlng page 


) 













52 

Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
January 30, 1943 - (Continued) 



M 



Table I.- Securities Issued or Guaranteed by the United States Government 

PART C - TAX-EXEMPT BONDS AND NOTES 



(Continued) 



Aaoust 
out- 
stand- 

(Mil- 
lions) 



Description 



Price data 

(Price decimals are 

thirty-seconds) 



Change 

In 

mean 

from 

Deo. 31. 
191*2 



Yield data 



Yield 
2/ 



Change 

In 

yield 

from 

Dec. 31, 

191*2 



Matu- 
rity 
yield 



Date 

of 

issue 



Price range 
since first traded 1/ 
(Price decimals are 
thirty-seconds ) 



High 



Price 



Date 



Low 



Date 



191*2-1*3 price range 1/ 

(Price decimals are 

thirty seconds) 



Hi^ 



Price 



Ibte 



Low 



Price 



Date 



Issued by U. S. Qovernment 



$ U5I* 
1.1*01 
1.519 
1,037 
I.21U 

51*1 
1*89 

1,036 

819 

759 
701 

1,223 

U5I 

571 
U9I 

1,786 

1.186 

1,627 
755 

1,118 

725 

681 

2.611 

982 

919 

1.1*85 



629 
279 

1*21 

515 
1*16 
283 
718 



3-3/8* 
3-1/" 
3-1/1* 
1* 

2-3/'* 



Treasury tonds 



6/i5/'*3-'*7 

- l0/i5/'t3-'*5 
. ij/i5/ui*-i*6 

- i2/l5/i*i*-5»t 

- 9/l5/'*5-'*7 



2-1/2 - 12/15/U5 

3-3/'* - 3/15/1+6-56 

3 . 6/15/1*6-1*8 

3-1/8 - 6/15/1*6-1*9 

U-1/1+ - 10/15/1*7-52 

2 - I2/I5/U7 

2-3/U - 3/i5/'*8-5l 

2-1/2 - 9/l5/'t8 

2 - 12/15/1*8-50 

3-1/8 - 12/15/1*9-52 



2-1/2 
2-1/2 
2-3/U 

3 

2-1/1* 

2 

2-1/U 

2-7/8 

2-3/'* 

2-3/'* 

2-3/'* 



- 12/15/1*9-53 

- 9/15/50-52 

- 6/15/51-51* 

- 9/15/51-55 

- 12/15/51-53 

- 6/15/53-55 

- 6/l5/5'*-56 

- 3/15/55-60 1/ 

- 9/15/56-59 v 

- 6/15/58-63 1/ 

- 12/15/60-65 2/ 



other honds 8/ 
35J ConTerBion-l/l/H6 
3 ConTereion-l/l/l*7 
3 Panama -6/I/6I 

Treasury notes 
l-l/85f A- 6/15/1*3 
1 C- 9/15/1*3 

1-1/8 B- 12/15/1*3 
1 B- 3/15/'*^ 

3/U A- 6/l5/l*i* 

1 c- 9/15/1*1* 

3/U A- 3/15/1*5 



101.02 

101 . 27 
103 . 01 
105.29 
IOU.25 

IOU.I7 
108. 16 
106.18 
106.31 
113.31 

IOU.06 
107.07 
106.13 
103.28 
110.16 

105.31 
106.09 
107.31 
110.07 
IOU.3O 

103.11* 
IOU.3I 
109.11 
108. 15 
108. 19 

109. Ol* 



106 . 28 
108. 2l* 
128.16 



100.09 
100.13 
100.22 
100.22 
100.16 
100.29 
100.20 



101.03 
101 . 28 
103.02 
105.31 
IOU.27 

IOU.I9 
108.18 
106.20 
107.01 
111*. 01 

IOU.O8 
107.09 
106.15 
103.30 
110.18 

106.01 
106 . 11 
108.01 
110.09 
105.00 

103 . 16 
105.01 
109.13 
108. 17 
108.21 
109.06 



107 . 10 

109.06 
130.00 



100.11 
100.15 
100. 2l* 
100. 2l* 
100.18 
100.31 
100.22 



101.02 
101.28 
103.02 
105.30 
IOU.26 

10l*.18 
108.17 
106.19 
107.00 
llU.OO 

IOU.O7 
107.08 
106. lU 
103.29 
110.17 

106. CO 
106.10 
108.00 
110.08 
10l*.31 

103.15 
105.00 
109.12 
108 . 16 
108.20 
109.05 



107.03 
108. 31 
129.08 



100.10 
100. lU 
100.23 
100.23 
100.17 
100.30 
100.21 



-.08 
-.01* 
-.01* 
-.07 
+ .01 

+ .OI* 
.00 
-.02 
-.01 
+ ■03 

+ .09 
+ .02 
.00 
+ .09 
+ .06 

+ .02 
.00 
+ .02 
+ .07 
+ .12 

+ .10 
+ .09 
+ .10 
+ .06 
+ .08 
+ .06 



-.05 

-.01 

+1.10 



-.01 
-.01 
-.01 
.00 
+ .OI* 
+ .02 
+ .05 



.56 
.68 
.79 
.88 



.96 
1.00 
1.01 
1.18 



1.11 


-.07 


1.28 


-.03 


1.31 


-.01 


1.31 


-.05 


1.51 


-.ou 



1.57 
1.62 
1.72 
1.72 
1.65 

1.61* 
1.76 

2.00 
2.03 
2.09 
2.13 



■5'* 

.68 

1.22 



■27 
.29 
.30 

■36 

.U2 
.1*U 



.11 

.06 

.01 
.07 

.08 
.07 
.03 
.03 
.06 



.02 
.00 
.02 
■03 
.01* 

.03 
.03 
.03 
.02 
.02 
.02 



.02 
•03 
.07 



-.08 
-.03 
-.03 
-.05 
-.11 
-.06 



3-11* 
2.53 

2.25 

3-39 
1.66 



2.96 
1.71 
1-95 
2.61 



1.79 

l.'*7 
1-95 

1.89 
1.7s 
1.96 

2.07 
1-75 

1.69 
1.83 

2.21 

2.ll* 
2.22 
2.2I* 



6/15/27 
10/15/33 

U/16/3I* 
12/15/21+ 

9/16/35 

12/15/37 
3/15/26 
6/15/3'* 
6/15/31 

10/16/22 

12/15/38 

3/16/36 
3/15/3S 

12/8/39 
12/15/3'* 

12/15/36 
9/15/38 
6/15/36 
9/15/31 

12/22/39 

10/7/'*0 
7/22/1*0 

3/15/35 
9/15/36 
6/15/38 

12/15/38 



1/1/16 

1/1/17 

6/1/11 



6/15/38 
6/15/1*0 

12/15/38 
11/1/39 
6/15/39 

12/22/39 
3/l5/'*0 



lll.li* 
111.07 
111.26 
116.19 
110.12 

109. 2I* 
116. ii* 

112.28 
113.19 
122.22 

107.20 
111.18 
111.01 
107.00 

115. OU 

108.28 
108.30 
110.26 
113. 2l* 
107.01 

105. lU 
107. 08 
112.16 
111.31 
112.01* 
112.21* 



6/5/39 

6/5/39 

6/7/39 

6/22/39 

12/12/1*0 

12/lU/UO 
12/lU/l*0 
12/16/1*0 
I2/1I+/UO 
12/ll*/U0 

12/12/UO 
12/12/1+0 
12/12/1+0 
12/12/1*0 
12/12/1*0 

12/10/1+0 
12/10/1*0 
11/12/1+1 
12/30/1*0 
11/22/1+1 

11/22/1*1 

11/12/Ul 

11/1/Ul 

10/29/1*1 

11/1/Ul 

11/1/Ul 



^15.00 1935 

129. 08 1/30/1+3 



103.00 
102.15 
103. 08 
102.15 
101.15 
102.16 
101.16 



lt/3/l*0 
11/8/1+0 

1+/2/1+0 
11/9/1*0 
9/27/1*1 
12/9/1*0 

8/6/1*1 



87.20 
97-29 

99.30 

91*. 06 

99.27 
101.31 

89. 18 

97.28 

83.05 

98.18 
99-1'* 

99.10 
100.30 

101.10 

101.07 
96.19 

99-15 
98.16 

82.08 
101.08 

101.19 
102.02 
98.30 
98.10 
99.15 
99.11* 



75-00 
75-00 



99. ol* 
100.13 

98.30 
100.13 

97.16 

100.10 

98.26 



1/11/32 

1/10/31* 
9/17/31* 

1/11/32 

9/17/35 

12/15/37 
1/12/32 
9/17/3'* 
1/11/32 
10/8/23 

9/25/39 

'+/1/37 

1+/2/38 
5/2U/1+0 

12/15/31* 

i*/8/37 

9/25/39 

'*/i/37 

1/11/32 
5/2U/UO 

2/15/1*1 
7/2lt/l+0 

9/20/35 

l*/l/37 

9/25/39 

9/25/39 



l92o| 

6/18/21 



9/6/39 
1/27/1*3 

9/6/39 
6/10/1*0 

9/6/39 
6/11/1+0 
6/10/1+0 



loi+.oi 

101+.20 

105.20 

108. 29 

106.13 

105.30 
110.16 

108. ol* 
108.17 
116.01 

105.01 
108.06 
107-17 
105.01 
110.31 

106.25 
107.03 
109.00 
111.01 
105. 18 

IOI+, 
105, 
110. 
109, 
110, 
110, 



1/22/1+2 
1/22/1*2 
1/22/1*2 
l/lU/lt2 
1/21/1+2 

3/25/1*1 
l/l>t/U2 
1/28/1+2 
1/11+/1+2 
1/5/1*2 

3/23/1*2 

3/23/U2 

3/23/1+2 
3/2l*/l*2 
3/2l*/l*2 



101.02 
101.28 
103.02 
105.30 
IOU.25 

lOU.ll* 
108.17 
106.19 
107.00 
113.29 

103.27 
106 .16 
105.31 
103. 18 
109.06 



3/21+/U2 IOI+.28 
6/15/1+2 105.02 



5/25/1+2 
5/25/1*2 
5/25/1+2 



Ol* 5/29/'*2 

20 6/17/1*2 

6/l7/'*2 

6/9/'*2 

6/3/'*2 

6/17/1*2 



108. 30 
110. lU 
129.08 



101.13 
101.12 
101.23 
101.18 
100.31 
101.22 
101.00 



2/11/1*2 
2/11/1+2 
1/30/1*3 



1/28/1+2 
1/28/1+2 
1/28/1*2 
1/28/1*2 
1/28/1+2 
1/28/1+2 

3/27/1*2 



106.28 
108.28 
103-10 

102.00 
103.10 
108.00 
107-12 
107.15 
108. Ol* 



107.03 
108. 31 
12U.08 



100.09 
100.13 
100.22 
100.23 
100.12 
100.28 
100.12 



1/30/1*3 
1/30/1*3 
1/30/1*3 
1/30/1*3 

1/26/1*3 

1/9/1*3 
I/30/U3 
1/30/1+3 
1/30/1*3 

i/U/1+3 

12/19/1+2 

2/13/1+2 
2/13/1+2 
2/18/1+2 
2/18/1+2 

2/18/1+2 
2/18/1*2 
2/18/1*2 
2/18/1*2 
2/18/1+2 

2/18/1+2 
2/I8/I+2 
2/18/1*2 
2/I8/I+2 
2/18/1*2 
2/18/1*2 



1/30/1*3 
1/30/1+3 
1/15/1*2 



1/28/1*3 
1/27/1*3 
1/27/1*3 

1/30/1*3 
12/29/1*2 

l/2/'*3 
11/18/1*2 



Ouaranteed hy U. S. CkiTeminent 6/ 



$289 



95 
835 



779 

755 



ilU 



Commodity Credit Corp . 
iM P- 5/1/1*3 

federal Farm MTG. Cor p 



3-1/'*^ 

3 



3/i5/i*i*-6U 
5/l5/Ui*-i*9 



Home Owners' 
1-1/2 



Loan Cor p. 



A- 5/l/l+l*-52 
M- 6/l/U5-I*7 



Pederal Public Housing 

Authority 
1-3/8)68^ 27l/l*l» 



100.02 



102.23 
102.27 



102.21* 
101.12 



100.23 



100.01+ 



102.25 
102.28 



101 



\l 



100.25 



100.03 



102.21+ 
102.28 



102. 2I+ 
101.13 



100.21+ 



.00 



-.09 
+ .06 



+ .02 



.37^ 



.62 



-.09^ 



KIO 

► .o6 



+.09 

-.10 



-.11 



3.07^ 
2.50 

2.66 
1.17 



8/1/1+0 



3/15/31* 
5/15/31* 



5/1/31* 
6/1/39 



101.02 



110.07 
109.22 



109. 18 
103.26 



2/1/39 103.02 12/ll+/l*0 



12/11+/U0 



6/8/39 

6/5/39 



6/6/39 

12/13/1+0 



100.00 



98.02 

9503 



95-03 
96.21+ 



99.07 



12/10/1*1 



9/18/31* 
9/12/31* 



9/12/31* 
9/25/39 



9/25/39 101.11 



100.18 



IOI+.3O 
IOU.28 



101+.26 
102.01 



1/28/1*2 



1/28/1+2 
1/28/1+2 



1/28/1+2 
1/28/1+2 



100.03 



102.21+ 
102.28 



102. 2l* 
101.06 



2/7/1+2 100.22 



1/30/1*3 



I/3O/H3 
1/30/1*3 



1/30/1*3 
I2/1U/U2 



1/5/1*3 



Prices represent the mean of closing bid and ask quotations In the 
over-the-counter marlcet except that prices of Treasury, Pederal Farm 
Mortgage Corporation, and Home Owners' Loan Corporation bonds for the 
period prior to October 1, 1939 represent closing prices on the 
Hew Yorlc Stock Exchange. "Vhen Issued" prices are Included beginning 
October 1, 1939- Dates of highs and lows. In case of recurrence, are 
the latest dates. 

Computed on mean price to call date when mean price is above par and 
to maturity date when mean price Is below par. 



2/ Included in average of long-term taxable Treasury bonds shown later 
In this chapter. 

J+/ Security is not transferable to commercial banks before designated 
date In 1952. 

5/ Quoted on yield basis since November 12, 19I+2; prior price quota- 
tions have been converted to yields for back figures. 

6/ Sxcludes Federal Housing Administration debentures. 

1/ Included in average of long-term partially tax-exempt Treasury 
bonds shown later in this chapter. 

8/ Excludes postal savings bonds. 



53 



Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
January 30, 1943 - (Continued) 
Table II. - Securities Issued by Federal Agencies but not Guaranteed by the United States 



PART A - ISSUES QUOTED ON A PRICE BASIS 



Aaouat 

out- 

■tud- 

(Htl- 
lloai) 



I SU 



125 
71 
157 
230 
171 
170 



SkaeriptlOB 



Price dAta 

(Prle* deolmali are 

thirty-seeonde) 



Bid 



federal Home Iio» b ""'tt 



2)t D - U/1A3 

Inderal Land Baoki U/ 
^ - T/lJm-k6 

k - 7/l5/1^6U 

3-1/U - 5n/^5-35 

3 - 7/1A5-55 

3 - 1/1A6-5S 

3 - 5/1A6-56 

yederel Hatlonal MTO. 

Aeeoelatlon 
25t A - 5/l6/39-»»3 
1-5/8 B - l/3/5oJA5/ 



100.05 



IOU.20 
IOU.20 
105.12 
105.08 

106.1U 

107.08 



100.11* 
100.21 



Mean 



100.09 



IOU.26 
IOU.26 

105.20 
105.16 

106.20 
107.1"* 



100.17 
100.25 



100.07 



IOU.23 
IOU.23 
105.16 
105.12 
106.17 
107.11 



100.16 
100.23 



Change 

In 

mean 

froB 

Dec. 31, 

191*2 



Held data 1/ 



•03 



-.05 

::Si 
-.02 
-.03 
-.01 



-.02 
+.03 



Tleld 
2/ 



Change 

In 

yield 

fron 

Dec. 31 

191*2 



.6sfi 



-.0151 



-.06 
-.05 
+.01 
-.01* 
-.02 
-.01* 



-.18 
-.15 



Matu- 
rity 
yield 



2 -555 
3.6g 
2.72 
2.1*9 
2.1*1 
2-35 



•27 

.81* 



I^te 

of 

lerne 



'♦/1/38 



7/I/3U 

7/15/3'* 
5/1/35 
7/1/35 
l/l/3| 
5/1/36 



5/16/38 
1/3/39 



Price range 

■Inee flrat traded 2/ 

(Price declnale are 

thlrty-eeeonda) 



High 



Price 



103.10 



llU.ol* 
112.02 
111.12 
110.12 
111.12 
111.22 



102. Ol* 
102.04 



Date 



12/31/1*0 



6/5/39 
12/10/1*0 
12/10/1*0 
12/10/1*0 
12/10/1*0 
12/10/1*0 



tm 



low 



Price 



lOO.OU 



9U.12 
IOU.23 
99-28 
97.21* 
98.08 
98.30 



Date 



9/27/39 



9/18/31* 
I/30A3 
10/2/35 
10/2/35 

2/13/36 
V8/37 



191*2-1*3 price range 2/ 

(Price decimal* are 

thirty-eecondi) 



Rl|^ 



Price 



Date 



Lew 



Price 



99.16 9/23/39 
97.28 9/26/39 



101. lU 



108.01* 
108.02 
108.02 

107. ll* 

108. ll* 
109.02 



101.01* 
101.06 



3/2l*/l*2 



3/9A2 
1/26/1*8 
1/10/1*2 

i/ai*/i*2 

1/22/1*2 
1/10/1*2 



l*/27A2 
3/26/1*2 



Date 



100.07 



10l*.23 
IOU.23 

105.16 

105. 08 
106.12 
107. 08 



100. lU 

100.19 



1/30/U3 



1/30/U3 

1/30/U3 

1/30/U3 

12/19/1*2 

12/i4/l*2 
12/5/U2 



1/23/1*3 
12/8/1*2 



PART B - ISSUES QUOTED ON A YIELD BASIS 



AmoTint 
outstanding 
(Millions) 



IMI»I 



Description 



$21* 
22 



26 

U 

16 

15 

3 

20 
11 
16 
18 
20 

21* 
23 

a 

20 

31 
30 



Pederal Home Loan Banks 6/ 
7/8^ I - 2/1/1*3 
3/»» L - 3/1/U3 

Tederal Intermediat e OraAtt iinnv.fi/ 



:75jf 

•50 

.90 

•75 

.50 

.85 

.70 

•85 

.70 

.90 
.70 

•85 
.80 
.80 



2/1/U3 

- 3/1/U3 

- 3/1A3 

- 3/i/'*3 

- '♦/i/'*3 

- i*/i/i*3 

- 5/1/U3 

- 6/1/1*3 

- 6/1/1.3 

- 7/1A3 

- 7/1A3 

- 8/2/U3 

- 9/i/'*3 

- 10/1/1*3 



Ekte 

of 

issue 



l*/l5/'*2 
9/1/1*2 



5/IA2 

12/1/1*2 

3/2/1*2 

8/I/U2 

12/1/1*2 

6/I/U2 
11/2/1*2 

7/1/1*2 
10/1/1*2 

8/1/1*2 

12/1/1*2 

9/1/1*2 

12/30/1+2 

11/2/1*2 

12/1/1*2 

1/2/1*3 



2/ 



ttoen the price of a security is such as to result in a negatire yield 

the excess of price orer lero yield is given in the yield columns in 

thirty-seconds. 

Prices represent the mean of closing Md and ask (juotations in the 

over-the-counter market. "When iesuad" prices are included beginning 

HoTember 1. I9U1. Dates of hi(^s and lows, in case of recurreiee. 

are the latest d*te«. 



Yield 



Bid 



• 7058 
.70 



60 
60 
65 
65 
65 

70 
70 
75 
75 
75 

75 
75 
75 
80 
85 
85 



Ask 



• 55)< 
■ 55 



2/ 

H 
5/ 

6/ 



Mean 



.62 



.60 
.60 
.65 
.65 
•65 

.70 
.70 

• 75 
•75 
•75 

• 75 

• 75 
■75 
.80 
■ 85 
.85 



Change in mean 

from 

December 3I, 191*2 



.00]( 
.00 



.00 
.00 

.00 
.00 
.00 

.00 
.00 
.00 
.00 
.00 

.00 
.00 

.00 
.00 




Computed on mean price to call date when mean price is above par and "■ 
to maturity date when mean price is below par " P" ana 

Ixcludes issues completely held by IWrm Credit Administration Mtenoies 
Callable on 30 days- notice at 100-1/2 on July 3. 191*3 "yui^u 
computed to maturity or call, depending on which date gives the lower 

Taxable issues. 



5»^ 



YIELDS OF TREASURY SECURITIES JAN. 30, 1943 

Based on Mean of ClosiniJ Bid and Asked Quotations 





942 




44 




4« 




48 




50 




■52 




■54 




56 




■58 




«0 




162 




164 




•66 




'68 




■70 




•72 


ERCEN 


T- 






















































PEI 


2.60 








Taxable Is 

1 1 


sue 


s 


























A 


J 








^^ 












2.40 




































^ 


-^ 


— 




■ 




















2.20 (^ 






















^ 


^ 




"^ 




































2.00 
















/ 


^ 


^\ 












































1.80 














/ 


^ 
















































1.60 












/ 




















































1.40 








A 


/ 
















































1 










Available to all investors; 
X Fixed maturity issues 

(except notes at a discount) 

* Notes at a discount 

• Callable issues 

Available to investors except 
commercial banks: 
*- Callable bonds 


1.20 








/ 


* 










































1.00 






/ 


4 












































.80 




/ 


r^ 




























































.60 




/ 
















V 












































.40 




11- 




























































.20 
0^ 
































































-— rn — \ — 1 — \ — 1 — \ — 1 — \ — \ \ I \ 1 \ 1 1 

\¥/t,«iK/ Tav-Pvnmn* KIrt+oc ar\ri Parti a\\\/ T«y-FyRmot RonHs 




























2.20 


V 




ny 






"f" 












— V 






• 




u- 


l— 


r" 


























2.00 
























^ 








































1.80 


















•^ 


^ 


^ 


• 


• 






































1.60 
















4 


/ 
















































Available to all investors; 
X Notes 

• Callable bonds 
O Fixed maturity bonds 


1.40 












J 


^ 


r 




































1.20 










/ 


/^ 






















































1.00 








/ 


^ 






















































.80 






\ 

/ 


^ 
























































.60 




/ 




K 
























































.40 




^ 


'^ 


























































.20 






\ 





























































lOAI 




•id 




Af, 




'4n 




•50 




•5? 




•54 




■56 




■58 




■60 




'62 




■64 




'66 




■68 




■70 




•72 



- I. 



explanation: The points represent yields to call date when prices are aboi/e par, and to maturity date when prices are at par or below. The 
smooth curves for the various classes of points are fitted by eye Issues for which an exchange offer has been made or 
which are due or callable in less than 3 months are excluded. 



55 



U^-^: 



Average Yields of Long-Term Treasury and Ck>rporate Bonds 



1935- Jan. . 

Feb.. 

Mar.. 

Apr. . 

May.. 

June. 

July. 

Aug. . 

Sept. 

Oct.. 

Nov. . 

Dec. 
1936- Jan.. 

Feb. . 

Mar. . 

Apr. . 

May.. 

June. 

July. . 
Aug. . , 
Sept . . 
Oct.. . 
Nov... 
Dee... 
1937- Jan... 
Feb... 
Mar.. . 
Apr . . . 
May... 
June. . 
July. . 
Aug. . . 
Sept . . 
Oct . . . 
Not. . . 
Dec... 



ISkS-Kag. r. 

S. 

15- 

22. 
29. 

Sept. 5. 

12. 

26. 



(Percent) 



Partially 
tax- 
exempt 
Treasury 
bonds 1/ 



Taxable 
Treasury 
bonds 2/ 



High- 
grade 
corporate 
bonds J/ 



Date 



Partially 
tax- 
exempt 
Treasury 
bonds 1/ 



Taxable 
Treasury 
bonds 2/ 



High- 
grade 
corporate 
bonds 2/ 



Date 



19l*3-Jan. 1. 
2. 



2.gg 
2.79 
2-77 
2.71* 
2.72 
2.72 
2.69 
2.76 
2.85 
2.85 
2.83 
2.83 
2.80 
2.77 
2.71 
2.68 

2.66 

2.fa6 

2.65 

2. 61 
2.60 
2.62 

2-53 
2.51 

2.1*7 
2.1+6 
2. 60 
2.80 
2.76 
2.76 
2.72 
2.72 
2.77 
2.76 
2.71 
2.67 



2.00 
2.01 
2.02 
2.02 
2.02 

2.02 
2.02 
2.01+ 
2.01+ 



J.08 



2.08 
2.07 
2.06 
2.06 
2.07 
2.06 



2.31* 
2.3U 

2-35 
2.31* 
2. 31+ 

2.31* 
2.31* 
2.3I1 
2.31+ 



J 



2.32 
2.32 
2.32 
2.32 
2.32 
2.32 



3.60 

3."U9 

3.1*7 
3.1+8 
3.1+3 

3.35 
3.1+1+ 
3.1+7 
3.1+6 
3.1*1 
3.39 
3.32 
3.26 
3.2I+ 
3.2I+ 

3.22 
3.19 
3. 18 

3.18 

3.15 

3.11* 
3.11 
3.07 

3.09 

3.2U 

3.36 

3.i*3 
3.36 
3.31 

3.27 
3.25 
3.26 
3.26 

3.22 
3.17 



Monthly Series k/ 



1938- Jan . . 

Feb. . 

Mar. . 

Apr. . 

May.. 

June. 

July. 

Aug. . 

Sept. 

Oct. . 

Hot. . 

Dec. 
1939- Jan.. 

Feb.. 

Mar . . 

Apr. . 

May.. 

June. 

July. , 
Aug. . 

Sept . , 
Oct . . . 
Not.. . 

Dee... 
191+O-Jan... 
Feb. .. 
Mar... 
Apr . . . 
May... 
June. . 
July. . 
Aug. . . 
Sept . . 
Oct . . . 
Nov . . . 
Dec... 



2.65 

2.61+ 

2.61+ 

2.62 

2.51 

2.52 

2.52 

2.51 

2.58 

2.1+8 

2.50 

2.1+9 

2.1+7 

2.1+J+ 

2.3I+ 

2.30 

2.17 

2.13 

2.16 

2.21 

2.65 

2.60 

2.1+6 

2.35 

2.30 

2.32 

2.25 

2.25 

2.38 

2.39 

2.28 

2.25 

2.18 

2.10 

1-97 

1.89 



3.17 
3.15 
3.16 

3.25 
3.11* 
3.15 
3.12 
3.10 
3.12 
3.06 
3. 01+ 
3.02 

2.96 

2.90 
2.87 
2.92 
2.86 
2.78 

2.76 

2.79 
3.29 

3.11* 
2.93 

2.86 
2.81 

2.79 
2.77 

2.71+ 
2.S-, 
2.93 
2.85 
2.80 
2.71 

2.70 
2.65 
2.59 



191+1- Jan. . 

Feb. . 

Mar.. 

Apr. . 

May.. 

June.' 

July. 

Aug. . 

Sept. 

Oct.. 

Not.. 

Dec. 
191+2-Jan. . 

Feb.. 

Mar.. 

Apr. . 

May.. 

June. 

July. 

Aug.. 

Sept . 

Oct.. 

Not . . , 

Dec, 

191+3- Jan. . , 



2.7I+ 
2.73 
2.73 
2.73 
2.73 

2.73 
2.72 

2-73 

2.73 



191+2-oet . 



Weekly Series - Saturday Figures 5/ 



3. 

10. 
17. 
21+ . 
31. 

Not. 7. 
lit. 
21. 
28. 



2.05 
2.05 
2.05 
2.05 
2.05 

2.05 
2.05 
2.06 
2.09 



2.3I+ 
2.33 
2.33 
2.32 
2.33 

2.33 
2.32 

2.35 
2.36 



2.72 
2.71 
2.71 
2.71 
2.72 

2.70 
2.70 
2.70 
2.72 



191+2-Dec. 



191*3- Jan. 



5- 
12. 

26. 

2. 

il: 

23. 

30. 



Dally Series 



6/ 
2.72 



2.72 

2.71 
2.72 
2.72 

2.71 
2.71 



191+3-Jan. 



11. 

12. 



18. 
19. 
20. 



.06 
.06 
.06 
.06 
.06 
,06 

,06 
.06 
06 



Basis of Computation: (1) Treasury bond yields are computed on the basis 
of the mean of bid and ask quotations In the OTer-the-counter 
market beginning September 2. 19I+I; preTlously. closing prices 
on the New York Stock Exchange were used on days when sales took 
place on the Exchange In a particular Issue and the mean of 
Closing bid and ask quotations on the New York Stock Exchange 
on days when no sales took place. (2) Corporate bond yields are 
computed on the basis of closing prices on the New York Stock 
Exchange and the New York Curb Exchange; on days when an Issue 

Back n^,tTJ "l '1,1 • ""' P""^" °' **>* ^*''* preceding sale Is used. 

Back Figures: See "Treasury Bulletin" for July igUl.lages 21-26 and 
subsequent Issues. 

Average of partially tax-exempt Treasury bonds neither due nor 
?^ r^i^i" ^ !! r""- ^""^ly tax-exempt bonds are those 
^-Li ? r °° "*>!'='> 1» "e»Pt from the normal rates of the 
I^^««f r ^"; '^^ Edition. Interest derlTed from $5,000 
aggregate principal amount of partially tax-exempt Treasury bonds 



2.32 
2.32 
2.32 
2.32 
2.32 
2.32 

2.32 
2.32 
2.32 



2-71 

2.71 
2.70 

2.70 
2.70 

2.70 

2.70 
2.70 
2.70 



191*3- Jan. 21. 
22. 
23- 

^?- 
26. 

27. 

28. 

29- 

30. 



Partially 
tax- 
exempt 
Treasury 
bonds 1/ 



Taxable 
Treasury 
bonds 2/ 



High- 
grade 
corporate 
bonds ^ 



1.99 
2.10 
2.01 
1.96 
1.92 
1.91 
1.90 
I.9I+ 
I.9I+ 
1.88 
1.85 
1.96 
2.01 
2.09 
2.00 
1.98 
1.97 
1.97 
2.00 
2.02 
2.03 
2.05 
2.06 
2.09 
2.06 



2.09 
2.09 
2.08 
2.08 

2.08 
2. 06 
2.06 
2.06 
2. 06 



2.06 
2.06 
2. 06 

2.06 
2.06 
2.06 
2.06 
2.06 
2.06 



2.23 
2.22 
2.37 

2-37 
2.39 
2-35 
2.31+ 
2-35 
2-33 
2.31+ 
2.31+ 
2. 31+ 

2.33 
2.31+ 
2.36 
2.32 



2.36 
2.36 
2.36 
2.36 

2.31+ 

2-32 
2.32 
2.32 
2.32 



2.32 
2.32 

2.32 

2.32 
2.32 
2.32 
2.32 
2.32 
2.32 



2.57 
2.71 
2.73 
2.76 
2.75 
2.70 

2.66 
2.65 
2.65 

2. 61 
2.57 
2.68 

2.76 
2.80 
2.80 

2.77 
2.76 
2.75 



2.71+ 
2.73 
2.73 
2.72 
2.71 
2.72 

2.70 



2.72 
2.73 
2.71 
2.72 

2.72 
2.71 
2.70 
2.69 
2.69 



2.70 
2.69 
2.69 

2.69 
2.69 
2.69 
2.69 
2.69 
2.69 



i/ 



2/ 



1/ 

6/ 



and United States savings bonds Issued before March 1 igl+l is 
exempt from the surtax rates of the Federal Income tax.) 
ATerage of taxable Treasury bonds neither due not callable for 
twelTe years. The 2-1/2 percent bonds of 1962-67 and the 2-1/2 
percent bonds of 1963-68. are excluded because of restriction, 
on their purchase and negotiability. Taxable bonds are those 
the Interest on which Is subject to both the normal and surtax 

"to'be? 2^!"l9Ul"'^ ''"=°°" '"• '''"' ''^"'^^ -"—=' 
ATerage of 9 bonds. January 6. 1933 throu^ December 6, 1935- 
aTerage of I5 bonds, December 7, I935 through July 31 1937- 

tlll'^^ °i f v""?*"' *^°» 1. 1937 through September 13. 1938; 

average of 5 bonds, September lU, 1933 to date 

Monthly averages of dally figures. Prior to April 1, 1938 

corporate bonds are averages of Saturday figures. 

On days when the exchanges are closed, the date and prices of 

the previous day are used. 

Holiday. 



56 






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O 

QQ 



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a: 
O 

Q. 

q: 
O 
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< ^ 

i— >• 



III < — 



o 

z 

o 

I 

u. 
O 



(/) 




Q 




_i 




UJ 


to 




m 


> 


o- 


UJ 




O 




< 




CL 




UJ 




^ 


CO 



^ - 







mk 



GOVERNMENT CORPORATIONS AND CREDIT 
AGENCIES OF THE UNITED STATES 



-57- 



5« 



Assets and Liabilities of Government Corporations and Credit Agencies 

December 31, 1942 

(In milllODB of dollBXs) 



Corporation or aceacy 



Banks for cooperRtlT»B 

Conmodlty Credit Corporation 

Disaster Loan Corporation 

Export-Import Bank of Washington 

FariE Credit Administration 

Farm Security Administration 

Federal Crop Insurance Corporation 

Federal Deposit Insurance Corporation ^ . 

Federal Farm Mortgage Corporation 

Federal home loan bank* 

Federal Housing Admlnlstratloo 

Federal Intermediate credit banks 

Federal land banks 6/ 

Federal National Mortgage Association.... 
Federal Prison Industries, Incorporated.. 

Federal Public Housing Authority 

Federal Savings and Loan Insurance 

Corporation 

Federal Security Agency - student war 

loans ^ 

Home Owners' Loan Corporation 

Inland Waterways Corporation ^ 

Interior Department (Indian loans) 

Panama Ral Iroad Company 5/ 

Production credit corporations 

Public Works Jj 

Puerto Blco Heconstructlon Administration 

Reconstruction Finance Corporation 

Regional agrlcultur»l credit corporation! 

RFC Mortgage Company 

Rural Electrification Administration.... 
Tennessee Valley Authority 

Tennessee Valley Associated 

CooperatlTes, Inc 

United States Maritime Commission 

War corporations 10/ 

War emergency corporations and agencies 
In liquidation: 

Navy Department ( sale of surplus war 

supplies) 

Secretary of the Treasury 

(U. S. Railroad Administration) .. . 
United States Housing Corporation... 
United States Spruce Production 

Corporation 

War Shipping Administration 

Other Government agencies 11/ 



Assets 



Cross total 

Adjustment to eliminate interagency 
Interests 



Net total. 



Total 



279.9 

1,672.5 

21.3 

248. U 
522.1* 

6U7'.U 

1,179.8 

287-5 
115-7 

391.8 

2,11*6.9 

217.2 

15.1* 

51*6.6 

137-7 

U.O 

2,120.0 

2U.6 

2-7 

66.9 

127.1* 

90.1 

22.5 

6,022.0 8/ 

23.1* 

107.8 

36i*.2 
612.7 

3,6l6!7 
1*. 317.1* 



3-2 

.1 
1.8 

.1* 

275-1 
5.281.1* 



Loans 



31. 71*9-2 



.9,1*1*3.2 



22,306.0 



li*l*.6 

2U1.6 

6.9 

122.1 

U0.6 
507.5 
129.2 

238.1* 

.602.8 
211.1* 

365.8 



.7 

.567.7 

.1* 

2-7 



90.1 
U.2 

1.557-0 

t.O 

9U.U 

3^5-6 



-3 

20.5 
118.8 



Pre- 
ferred 
capital 
stock, 

etc. 



26.1 



8,126.7 



152-3 



1.2 
365-9 



Cash 
1/ 



21.1 
3.8 

• 

.8 
6.5 

5-9 
23-5 
13.1 

35-5 
17-2 
31.0 

53-"* 



Investments 



D. 8. 

Oovern- 
ment 

securi- 
ties 



1.1 



17.5 



538.1 



65.1 
1.8 

8.3 
.7 

2.1* 

1-92/ 
19.2 



9.0 



188.2 



553-1 



33-9 



521*. 9 

119.7 
51.6 

1*4.0 

176.7 



7.2 
30.6 

3.2 

6.0 

30.1 

59. U 



Securi- 
ties 
guaran- 
teed 
by 
United 
States 



Other 



.2 



1,087.5 



2-5 

81. 5 
.8 

99-6 



78.1 



591-3 



10.1 



Accounts 
and other 
receiv- 
ables 2/ 



185. 



96.3 



8.3 



1*8 .U 
1.0 



833-5 



1.8 

27.9 
9.6 
33-8 
50.5 

.6 
1*1. U 

2.5 
156.9 

'♦.5 

3-1 

6.8 

6.5 

3-'* 

5-2 

1.1* 

.6 
.2 

2.2 

1*1-5 8/2/ 
.2 

2.1 
8.6 

7-3 



2i*.7 
1*89-5 



Real es- 
tate asd 

other 
business 
property 



3.2 



.3 
2-7 



1,085.0 



.1 
7.5 



.8 
.1 

1.3 
5.5 

• 

6.6 
127.1* 



2.6 
17.7 

U6.3 



1.0 

6.7 
59"* -3 



36.8 
2.6 



Interagency assets 



Dae from 
Oovem- 
ment 
corpora- 
tions and 
aganclss 



Capital 
stock in 
Oovem- 
aant 
corpora- 
tions and 
agencies 

2/ 



1*7.0 

6.6 

.i» 
75.8 
13. >* 



162.1* 



1,019.7 



i*.7 



3,569.'* 



9.9 

2.0 



5-3 
.1 



37.8 
5,210.2 



8.982.5 



-8,982.5 



Other 
assets 



100. 



360.7 



.1 
1,362.6!*/ 

.1 

.1 

U.O 
.6 

21.5 
21*. 6 

10.9 

• 

3.9 

.2 

U6.7 

.1* 

2.0 



227.0 
.1 



12.5 
56-9 

• 

U.3 



3,1*81.1 
3,516.0 



1*60.7 



-1*60.7 



72.2 
27.6 



8,877.2 



'•877.2 



(Continued on following page) 



59 



Assets and Liabilities of Government Corporations and Credit Agencies 
December 31, 1942 - (Continued) 



(In mllllone of dollars) 



Liabllltlea and reeervea 



Corporation or agency 



Banks for cooperatives 

Commodity Credit Corporation ' 

Disaster Loan Corporation 

Ejjort- Import Bank of Washington 

Farm Credit Administration ...', 

Tarm Security Administration '. 

Tederal Crop Insurance Corporation 

Federal Deposit Insurance Corporation 5/ 

Federal Farm Mortgage Corporation 

Federal home loan banks 

Federal Housing Administration 

Federal intermediate credit banks 

Federal land banks 6/ 

Federal National Mortgage Association.... 
Federal Prison Industries, Incorporated.. 

Federal Public Housing Authority 

Federal Savings and Loan Insurance 

Corporation 

Federal Security Agency - student war 
loans ^ 

Home Owners' Loan Corporation 

Inland Waterways Corporation 5/ 

Interior Department (Indian loaas) ... 

Panama Railroad Company 5/ 

Production credit corporations 

Public Works j/ '.'.'.'.'.'..'. 

Puerto Eico Reconstruction Administration 

Heconstruction Finance Corporation 

Regional agricultural credit corporations 

HFC Mortgage Company 

Rural Electrification Administration.' .'!!.' 

Tennessee Valley Authority 

Tennessee Valley Associated 

Cooperatives, Inc 

United States Maritime Commission. ...'.'! .'.' 
War corporations 10/ !.'!.'." 

emergency corporations and agencies 
in liquidation: 
Navy Department (sale of surplus war 

supplies ) 

Secretary of the Treasury 

(U. S. Railroad Administration) 

United States Housing Corporation 

United States Spruce Production 

Corporation 

War Shipping Administration 

Other Oovernment agencies 11/ 

Cross total 

Adjustment to eliminate interagency 
interests. 



Total 



7S.C 

.2 

.k 

219.0 

229.1 

18.7 

358-1 
.,079.8 

96.3 

28.8 
303.9 
.655.8 
192.4 

.u 

kch.k 
2.0 



2.033.3 

1.0 



9.7 

•3 

, .5 
5.'+09.i+ 8/ 
1.0 

81.7 

238.0 

80. 3 



War 



Net total . 



531.1 

llKJ.U 



• 5 

.1 
83.2 
66.6 



19,918.8 



Source 



Liabilitlei 



Ouaraa- 
teed by 
United 
States 

(includes 
accrued 

interest) 



790.0 



939.3 
22. k 



llU.S 



Not 
guaran- 
teed by 
United 
States 



Due to 

Government 

corporations and 

agencies 



1.553.3 



.6 
207.0 
.2 
.1* 
.k 
19.2 

18. 7 
7-1 
7.6 

96.3 

6.3 

303.2 

.593.1+ 
90.0 

.k 

.7 
2.0 



28.5 

• 7 



Treasury 



Other 



'•50.0 



U7.0 



280.0 



'+05.0 



75.8 



209.9 



1.8 



•5 

1.8 

102. U 



358.1+ §'3/3, 570.-' 
.8 

3.5 



19.1 



503.1 

189-5 



57-0 



■+.319.0 



72-9 



5.537.8 



56.9 

78.2 
238.0 



2,91*0. 8 



5.209.0 




Daily Treasury Statement 

• Less than $50,000. 

1/ EMludes unexpended balances of appropriated funds. 

^ inhere:: tZlll'. ""' *'^ Heconstruction Finance Corporation and 

3/ Includes paid-in surplus. 

^er'^rom^lf .'f'"' co">"odlty loans and underlying security taken 
Also ll^r^j! "^ agencies pursuant to guaranty purchase agreements, 
producers f^d """"''"'^ *'='^"'' *^'°^ ""=' purchasef from 
lease"^n.T J t".'. ^' "^^^ ^' interagency transactions of "lend- 
wise be^h^l f ",f"' ^" ""^ available, and which would other- 
Fi^es It ^' ^'""' So'^^-^e^t corporations and agencies" 

InfJ^es thr-"''^' °' "°''°"" ^°' '5'*2. the latest avaiUble 



66.6 
3.773.1+ 



Re- 
serves 



1-6 
127.1* 



218.6 



351.0 
81*. 



.1 

.1 

60.6 



1+6.5 
.2 

1.6 
•3 

-5 
x?5-0 

.2 



lt.2 



28.0 
10.1 



10.3 



1.079-6 



Excess of 

assets 

(Total 

proprietary 

interest) 



Proprietary intsreet 
Owned by United States 12/ 



Pri- 
vately 
owned 



202.0 
98.0 
21.1 

196.0 
29.1+ 

293-1+ 
18. 7 

289.3 

100.0 

191.3 
86.9 
87-9 

1+91.2 
?l+.7 
15-0 

11+2.2 

135-7 

i+.O 
86.7 
23.6 

2.7 

57.2 
127.0 
90.1 

22.1 

612.5 

22.1* 

26.1 

126.1 

532.5 
.3 

.085.7 

177.0 



3.2 

.1 
1-3 



5.3 



Total 



Capital 
stock 



139. 
66. 



227-9 



■ 3 

191.8 
5.211+.9 



11,830.1* 



1+39-0 



196 
98.0 
21.1 

196.0 
29.1* 

293-1+ 
IS. 7 

150-0 

100.0 

12i*.7| 
86.9I 
87-? 

263.3 

21* 

15.0 

11*2.2 

135-7 

i+.O 
86.7 

23.6 

2-7 
57 

127-0 

90.1 

22.1 

612.5 

22.1* 

26.1 

126.1 

532.5 

■ 3 

.085.7 
177-0 



3.2 

.1 

1.3 

• 3 

191.8 

5.21U.9 



171-5 
100.0 

2U.0 

175.0 



35-0 
150.0 
100.0 
121*. 7 

60.0 

117.2 

10.0 

1.0 
100.0 



Surplus 



11.391.1+ 



200.0 
12.0 

7-0 
120.0 



325.0 

5.0 

25.0 



1S6.6 



25.1+ 



25.2 

-2.0 
-2.9 
21.0 



-16.3 



27.9 

11+6.1 
11+.7 

10.9 

11*1.2 
35-7 



Non- 
stock 



17-5 
2,092.1 



-113-3 

11.6 



50.2 

7.0 



287-52/ 

17.1* 

1.1 



-3 

-29.0 



-21+.2 



29.1* 

293.1+ 



86.9 



i*.i 



i+.o 



2-7 



90.1 

22.1 



126.1 

532.5 



.085.7 
19.1* 



3.2 



610.5 



8,688.7 



" $89 7SR 67« loans made by Public Works AdmlLlstration for 

8/ l2\JP Jt'^t'^^ ^^ "" ^*li<= ""l^^ for $321*, 000. 

^ trL ? the Electric Home and Ita» Authority, nc. which was 
nZl:"lLolltrK'"l "' IKraidatlon to th; Rec,;n:tiu1tron 

9/ Ad Wed ?!?°""°° ^ Executive order effective October 3I. 191+2. 
10/ ^ilt, r l-^t"agency items and items in transit. ^ ' ^^ "■ 
clrTollllrTZ''- '"l- ^^'^""^ '°"" Corporation, Defense Plant 
A^erWn A?; ?^ °r Supplies Corporation, Institute of Inter- 
American Affairs, Inter-A.T,er1 o«n M=,.(„.t4— n ^^^^ Ketal 

Corpo- 



6/ 



L^i^llirLrr'%"' "-^l^ltles of-the Federi'Eannl^s'o'f 



and paid-in surplus 



ii/ 

12/ 



Zlr^rn ^"' J°*^''-*-'°«'"^=«° Navigation Corporation Metals 

r r n^^rd'stf^es^'^^^r^'r^"^^- '"■^^" "" ^ls.tVf.1, 

nlted States Commercial Company and War Damage Corpora 

Treasury Department and other Oovernment agencies not 



listed in this statement. 



illiH 




Excludes the Interest of the United Stat 
tions held by the Treasury. 



es represented by obllga- 



60 



Sources of Funds of Certain Government Corporations and Credit Agencies 
for the First Six Months, Fiscal Year 1943 



Corporation or agency 



Central Ban): for Cooperative* 

Commodity Credit Corporation 

I>lea8ter I«an Corporation 

Export-Import Bank of Vashlogton 

Federal I}eposlt Insurance Corporation j/ 

Federal Term Mortga^ Corporation 

Federal home loan tanloi 

Federal Katlonal Mortgage Aasociatlon 

Federal Public Housing Authority 

Federal Savings and I«an Insurance Corporation. 

Home Owners' Loan Corporation 

Be cons tract Ion rinance Corporation kj 

HFC Mortgage Company 

Rural Xlectrlf Icatlon Administration 

War corporations 5/ 

Total 



Corporation or agency 



Central Bank for Cooperatives 

Commodity Credit Corporation 

Disaster Loan Corporation 

Sxport-Inport Bank of Washington 

Federal Deposit Insurance Corporation 2/ 

Federal farm Mortgage Corporation 

Federal home loan 'banks 

Federal Vatlonal Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporation. 

Eome Owners' Loan Corporation 

Eaconstructlon Finance Corporation U/ 

HFC Mortgage Company 

Sural Slectrif Icatlon Administration 

War corporat ions ^ 



Total. 



Appropriations 

from Qenaral 

Pond of the 

Treasury 1/ 



$ 22,000.000 
-9.8l5,5lU 2/ 



6,856.655 



Allooation*. redis- 
counts, and loans froa 
other govemmsBt cor- 
porations and credit 
agencies (net) 



l.'*63.l'»5 
150,000,000 



$170,50U,2g6 



* 2U,099.362 



198,683 



-5.'*65.639 



8,151,000 

13.526,572 

6,019, OW* 

1.1'>3.73U.927 

11.190, 263, 9U9 



Sale of 

obligations 

to Treasury 

(net) 



) 50,000,000 

-216,000,000 

6.000,000 

-IU6, 000,000 
l,U20,75l.OOO 



Sale of obli- 
gations In 
the market 
(net) 



$ 61.950,000 



-22,000,000 



-323,^52.000 



li.iiu. 751,000 



Sale of stock 
to other 
agencies 



$ -2U3,700 



$-283,502,000 



1,500,000 



$1,256,300 



Sale of other 
property 
acquired 



875.029.117 
18.087 



i*. 575.875 

Ug2.206 



28.71*7,212 

u, 136.992 

ll*2,970 

3^.3^.777 
$l.253,U«2,236 



Bapayment 
of loan* 6/ 



I 99.299.736 

'*8.6l5.30U 

I*. 8140,276 

5.320.369 

ll,i65,W» 
66,105,315 

107.695.>»25 
9,766,088 

l0U,ito6.386 

109,19l*,086 
153.269.191 

11.177.282 

5.992.857 
97.196.136 

$79i»,oi»3.895 



Interest, divi- 
dends, assess- 
ments, and 
property income 



$ 536.120 

4,956.656 

-987.1*23 

2,51*3.081 

31,1*63,798 

29,89>*.328 

2.851,920 

5,01*1,139 

6,011,002 

3.773.527 

51*. 1*71, 130 

39.932,955 

1,803.228 
3,81*8.092 
1*. 658. 635 

$190,798,188 



Other receipts 



$ 22.760 

20.821,752 

96.1*71* 

197.735 

9.785.973 

-1,208.815 

-55U.IO2 

228.622 

9. 508 

16,218.655 

12.51*1,920 

l.0U3,585 

28 

873,1*50,910 

$932,655,005 



Total, sources 
of funds 



$ 105.71'*. 278 

1.051.557.315 

3,967,1*11* 

7.863,1*50 

1*3,025,660 

-105,638,509 

87.338.530 

9.269,692 

123,502,665 

3.783.035 

62. 631.083 

1.315.331.058 

27.693.637 

17.323.165 

2,610.890.381* 

$5,361*. 252. 857 



Source: Reports received from the corporations end agencies. 

1/ Items in this column are the only oi>es In this statement 

which constitute a charge against the Federal Budget. 

They represent amounts of funds drawn against available 

appropriations . 
2/ Represents balance of repayment of amounts paid to the 

Commodity Credit Corporation for capital Impairmant 

on basis of appraisal of the corporation as of Maroh 31. 

191*2, pursuant to Public Ho. 1*1*2 - 75th Congress, approved 

March 8. 1938. 
iJ Figures are as of November 30, 19^2. the latest available. 



HJ Includes the Ileetrlo Home and Farm Authority, Inc. which was 
transferred for purposes of liquidation to the Reoonstruction 
Finance Corporation by Executive order effective October 3I, Ijl+S. 

5/ Comprises Cargoes. Incorporated. Defense Homes Corporation, 
Defense Plant Corporation, Defense Supplies Corporation, 
Institute of Inter-American Affairs. Inter-American Naviga- 
tion Corporation, Metals Reserve Company, Rubber Reserve 
Company, Smaller War Plants Corporation, United States Commer- 
cial Company and War Damage Corporation. 

6/ Receipts from the sale of property acquired in liquidation of 
loans are shown as "Sale of other property acquired". 



61 



Uses of Funds of Certain Government Corporations and Credit Agencies 
for the First Six Months, Fiscal Year 1943 



Corporation or agency 



Central Bank for Cooperat lve» 

Oomnodlty Credit Corporation 

Dlaaster Loan Corporation 

Export-Import Sank of Waahln^ton 

Jtederal Deposit Ineurance Corporation 2/ 

federal Jaro Mortga^ Corporation , 

federal home loan banka 

Federal National Mortgage Association 

federal Public Housing Authority 

Jtederal Savings and Loan Ineurance Corporation. 

Home Owners' Loan Corporation 

Heeonstruetlon finance Corporation 3/ 

Ef C Mortgage Company 

Rural Ilectrlf Icatlon Admlnletratlon 

War corporations J*/ 



Total. 



Expenses 



Administrative 



* 5^.530 

2.012,550 

190.396 

89.219 

1.695.786 
■♦.131.655 

628.710 

■♦63.913 
2.167.59 ■♦ 

I'M, 881 

5. '♦61.237 
5. 121*, 606 
■♦67.785 
1. '♦24. 632 
2.1*80,567 



$26. 53 '♦.061 



NonAdmlnl s- 
tratlve 



$ 6.110 

'♦85.683 

7>t'^.i*l5 
611.631 

18.323 

9.213.206 

2.09lt,207 
168.281 

3.356.707 



$16,698,968 



Purchase and 

Improvement 

of property 

owned 



$1,036,452,939 



1.3>^'^.536 

i.'^i+7.i26 
8.792.071+ 

478, 1+18 
1.931.069 

2, 11*2, 127, 186 



$3.192, 573. 3^+8 



Loam 



$ 67,3'+7.202 

69.35'+.07l 

708.028 

14.623.01*8 

6,855,1*76 

8,698,094 

44.263,020 

5.783.842 

76,868.656 

2.866.919 

238,311,676 

23.735.106 

9. 708. 186 

53.778.712 



$622,902,036 



Betlrement 
of obligations 

Issued In 
exchange for 
mortgages 1/ 



$21,374,775 



$21,374,775 



mi 



Corporation or agenoy 



Central Sank for Cooperatives 

OoBBOdlty Credit Corporation 

Olikiter Loan Corporation 

Ixport -Import Bank of WathinftOB 

fadtral Deposit Insurane* Corporation £/ 

I^dtral fani Mortci«« Oerporatlon 

federal home loan banks 

federal National Mortgage Aisoolatioa 

ftderal Publlo Bousing Authority 

faderal Saving* and Leu Inittraaos Oerporatiea. 

KoB* Owners' Loan Corporation 

Reconstruotlon f Inanoe Corporation J/ 

Hf Mortgage Company 

Sural Xleotrlfloatlon Adalnlstratlon 

War oorporatlons 4/ 



Total. 



Investment i 
(net) 



$ 49.898. 658 



35.000,000 

-142.516,000 

58. 776. 570 



7.445,156 

-l'+.75«.650 

1,000,000 



1.000.000 



$-10,154,266 



Allocations, redls- 
oouAts, and loans to 
other government oor- 
poratlons and oredlt 
ageneles (net) 



iouroei Reports reoelved from the oorporatlons and agencies. Data 

on basts of checks Issued. 

1/ Ktoelpt* from the repayment of mortgage loans appear under 

Repayment of loans" In the statement of sources of funds. 

^ tr^^j!! ♦^•/^•'"'•lo Home «id farm Authority, Ino., whloh vaa 
n^«! n!i .?^i": " "l^l'>«"on to the Reconstruotlon 
«nanoe Corporation by Ixeoutlve order effective October 31, 1942 



-64,610,123 

3,061.354 

-6,000,000 



1,068,165.447 



115,622,144 



$1,116,238,822 



Interest and 
dividends paid 



$ 116,460 
5.383.19'^ 



14,885,760 
l,'*00,5't3 
8.285.305 
2.197,391 

20.078,091 

15.320.174 

1.165,484 

3,204,049 

472,803 



$66,509,254 



Other ex- 
psndlturei 



$ 21,716 

2,722,843 

1.526 

-619,424 

1.549,424 

85,658 

-7.784 

3.981.247 

-503,876 a/ 

139,859 

9,304.846 

225,913 

121,363,440 



$138,265,988 



Total, uses 
of fUndi 



$ 117.438,565 

1.051,315.'*75 
3,967.414 
8,712,672 
•♦8,931,838 
-111,420,847 
99,15'^,501 
9,269,692 
87,873,645 
7.101,085 
53.167,510 
1.339. 799. 37'^ 
27.693.637 
14,336,866 
2.440.201.559 



$5,190,942,986 



^ SS?^ . Jif^T • ^"fl-""**. >'•"• Homes Corporation. 
In^Mt^tl^ t f'""!'"""' ^'•°" *>»"•' 0<"PoritloB. 
Institute of Inter-Amerloan Affairs, Inter-Amerlean Navlga- 
tlon Corporation, Metal. Reserve Company, Rubber Reseda 
Company, Smaller War Plant. Corpcratr^'unlt.; SUttrSommer- 
olal Company and War Damage Corporation. 

^ ll .^tV •fP'"*"^'" f<" eontrlbutlons and subrogated share. 
or oUlms in Insured financial Institutions. 



62 



Sources of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through December 31, 1942 



:>->^..'v; 



Corporation or a^ncy 



Central Bank for Cooperat Ivee 

Comaodlty Credit Corporation 

Dleaeter Loan Corporation 

Ixport-Import Bank of Washington 

?ederol Deposit Insurance Corporation 5/ 

Federal Farm Mortgage Corporation 

Federal home loan Ijanks 

Federal National Mortgage Association 

Federal Pu'bllc Housing Authority 

Federal Savings and Loan Insuraaee Corporation. 

Home Owners' Loan Corporation 

Beconstructlon Finance Corporation jj 

ETC Mortgage Conpany 

Sural Electrification Administration 

War corporations 8/ 



Total. 



Appropriations 

from General 
Pond of the 
Treasury 1/ 



72,000,000 

s'iS. 950.52'* 1/ 

2U, 000, 000 U/ 
1.000,000 
150,000,000 

100,000,000 !♦/ 



54,556,122 

200,000,000 U/ 

325,000,000 

138. '♦35 ,065 
150.000,000 



Allocations, redis- 
counts, and loans from 
other government cor- 
porations and credit 
agencies (net) 



$1,14 58, 9^*1, 711 



$ 35.035.'*7i 



198.683 



98.650,672 



8,251,000 

75.811.332 

233.916.916 

2, 970, 380, 2W* 



$3,U22,2U4,318 



Sale of 

otiligatlons 

to Treasury 

(net) 



$ U50,000,000 



1*7,000,000 



280,000,000 
1+05,000,000 

3,95ii,669,i+U6 



$5,l36,669,i*'t6 



Sale of obli- 
gations in 
the market 
(net) 2/ 



$ 763,001*, 000 



929,761*. 200 
69,500,000 
85,21*0,000 

iii*,i57,ooo 

3. 111*. '♦53. 550 
896,200,000 



Sale of stock 
to other 
agencies 



$ 1,033,800 



17U,000,000 

139.299.557 

i2it,7Ui,ooo 6/ 
11,000,000 

100,000,000 



25,000,000 



36,601,000 



$5,972,318,750 $611,675,357 



.•■.;*V.\V..' 



Corporation or agency 



Central Bank for Cooperatives 

Commodity Credit Corporation 

Disaster Loan Corporation 

Export-Import Bank of Washington 

Federal Deposit Insurance Corporation 5/ 

Federal Farm Mortgage Corporation 

Federal home loan hanks 

Federal National Mortgage Association 

Federal Public Housing Authority 

Federal Savings and Loan Insurance Corporation.. 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation jJ 

HFC Mortgage Company 

Rural Electrification Administration 

War corporat ions 8/ 



Total. 



Sale of other 
property 
acquired 



$1,952,607,931 
158.688 



26,520,1*81 
1.71+3.972 

951.1*01 

213. 201*. 1+79 

31,871.811 

917.165 

701.U05.967 



$2,929,381,895 



Repayment 
of loans 2/ 



370, 31'+. 376 
1,061,886.995 
22,707,298 
126.178,260 
113,086,1*38 
1*72,831,868 

81*3, 98i*, 391 

55.607.159 
779,01*5,121 

1.263, 339. '*86 

5,8U5,731.609 

11*8,81*1,953 

18,698.926 

98.501.356 



Interest, divi- 
dends, assess- 
ment s , and 
property Income 



$11,220,755,236 



12,011, Sl+O 

35.777. 36I* 

860,520 

19,722,202 

398,81*1,81*9 

525,156,101 

■ 1+9.530,989 

31*, 188, 623 

1+6.072.200 

1*6,859,061 

1.037. 711. '*25 

726.1*1+6,1*21 
17.369.337 
19.605.237 

7,i+2i+.350 



other receipts 



$2,977,577,219 



U, 682, 267 

30,1+87,131+ 
130,608 

707.119 
u, 612, 1+62 
23.151.505 

80,128,521 10/ 

u, 098, 152 

l.5'*8.755 

228,1+79 

1+1+, 61+3, 782 

13"+. 35'*. 530 

5,788,102 

16s 
1,065,083,369 



$i.399.6it'*.953 



Total, sources 
of funds 



1+95. 077. '♦5'* 

■+.537. 713. 91*8 

U7, 857, 111* 

321,607.582 

806,038,988 

2,12l+,l*2l*,155 

1,167,881*, 901 
290,528,578 

1.276.330.599 
11+7.087,539 

6,278,352.723 

11,922,521+, 817 

273,727.889 

1*10,656,312 

5.029.396.286 



$35,129,208,885 



Source: 
1/ 



2/ 



2/ 



!i/ 



Reports received from the corporations and agencies. 
Items in this column are the only ones in this statement which 
constitute a charge against the Federal Budget. They represent 
amounts of fUnds drawn against available appropriations. 
Except for the H.O.L.O., sales of obligations in the market, as 
shown in this column, are reduced by the amount of obligations 
which have been retired (Including those which have in effect 
been refunded through the sale of obligations to the Treasury). 
In the case of the H.O.L.C, the original amount of obligations 
sold In the market Is shown in this column and the retirement 
and refunding of these obligations are shown as "Retirement of 
obligations issued in exchange for mortgages" In the statement 
of uses of funds . 

Includes $3,000,000 N.I.R.A.; $97,000,000 R.F.C. included in 
notes canceled by the Treasury (See footnote **/); and 
$11*3 950 52U restoration of Capital Impairment, which is 
net of repayments to the Treasury of $U3,756,731-Oo the 
basis of March 3I, 19'*0 appraisal, and $27,815, 5IU on the 
basis of March 3I, I9U2 appraisal of the corporation, pursuant 
to Public Ho. 1+1+2 - 75th Congress, approved March 8, 1938- 
These funds were furnished by the R.F.C. from the proceeds of 
its notes sold to the Treasury, such amounts being included In 



the total of obligations of the corporation canceled *«' J^* f"" 
retary of the Treasury pursuant to the Act of Februarj- Z"*. 19.JB- 



tj 



iqUs. the lateet avallabls 
The R F 0. purchased the stock of the Federal home ..oan banJO 



5/ Figures are as of November 30 

6/ The R.F.C. purchased the si 

from the Treasury Departmen. ._ - . - » v <.» 

effect of this transaction is the same as a sale of stock to 



from the Treasury Department on February 20. 191*1. The net 



other agencies, and Is shown as such for purposes of this report. 

7/ Includes the Electric Home and Farm Authority. Inc. which was 
transferred for purposes of liquidation to the R.F.C. by 
Executive order effective October 3I. 191*2. 

8/ Comprises Cargoes, Incorporated, Defense Homes Corporation, 
Defense Plant Corporation, Defense Supplies Corporation. 
Institute of Inter-American Affairs, Inter-American Naviga- 
tion Corporation, Metals Reserve Company, Rubber Reserve 
Company, Smaller War Plants Corporation, United States Commer- 
cial Company and War Itemage Corporation. 

9/ Receipts from the sale of property acquired in liquidation of 

loans are shown as "Sale of other property acquired . 
10/ Includes $51,703,225 paid-in capital stock held by member 
institutions. 



63 



Uses of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through December 31, 1942 



Coiporatloa or acaaaT 



Caatral Bimlc tor Cooj)«ratiT«t 

rr— u -dltj Sredlt Corp<u«tloa 

Blnater I«aa Corporation 

liport-Iaport Sask of Vaihla^toa 

fcdarsl Oepoilt Ia»nraace Corporatloa 2/ 

^d"*! Jar* Kortga£« Corporation 

IMaral ho8« loan banJa 

IMsral Xational HortgB«« Aasodatlon 

Hdaral PabUc Booal^ Anthorlty 

IMeral Sarls^ and Loan laturanca Corporation. 

Hoae Swacri' Loan Corporation 

■•eoMtrcctioa Tlnaace Corporation U/ 

tK Nort0«e Coapanr 

teral Sleetnflcatlon AaOnlstratloa 

fcr eorporatlona 5/ 



fotal. 



Corporation or agency 



Oentral Beak for CooperetlTes 

OmmeiXtj Credit Corporation 

l'l»«*ter loan Corporation 

^ert-Iaport Bank of Waaltlngton 

Mdaral Itepotlt Inroranca Corporation 2/ 

*Maral hrm Mortgage Corporation 

JM^ral hoBo loan taaka 

•Maral Utlonal Mortgage Isscelatlon 

'MaraX FoMle Eoiulng Antbority 

*4wal Sarlng. and Loan Inauranea Corporation. 

■«•• Owner*' Loan Corporation 

S»eonitractlon flaanw Corporation U/ 

UC Mortgage Co^taoy 

»<n»l Ileetrification MaUlatratlon 

"ar eorporatlona 5/ 



total. 



Ixp«a«as 



Atelnlatratlra 



i i.o6i*.9ii» 

12.996.985 

3.653.972 

780.770 

29.007. 5'*3 

83.157.910 

ll.U69.in7 

'+.327.538 

21.738,138 

i.763.9l>t 

238.397,oi*g 

96.578.119 

5.6U1.158 

16.363.622 

3.72l.7'M3 

$530,862,788 



lonaiteinla- 
tratlT* 



Porehaae and 

iaproTasent 

of property 

ovnsl 



» 135.870 
12.305 

6.266.605 

"*. 768.952 

7.3a6.ti3 

79.358 

l'»7.603,93^ 

11.9^.232 

U. 821, 1*18 

■t.oea.UUy 

1187.025,53^ 



♦2.223.899.070 



18. 083. 106 



27,751.108 

15'*. 262. 321* 

U7S.U18 

9.918.238 

'».3S8.'-02.72C 
$6.802.79'*.98U 



5 '*13. 770.735 

2.2l9.56l.62t» 

29.962.968 

2^. 25'*. 853 

i9J+.26o,550 

1.071,027.015 

973.196.922 

269.783.5fe7 

1.132.397.729 

3.272.131.103 
7.873.382.012 

2U1I.3S1.517 
36U.32U.196 
126.g06.5uu 

♦I8.u33.2a.315 



BatiroMnt 

of oUlgatlon* 

laauad In 

azehasg* for 

aortgagei 1/ 



♦1.567.510.5751/ 



♦1.567.510.575 



InTestaents 
(net) 6/ 



AUocatloae, redis- 
csuate, and leans to 
other gcremaeat oor- | ,;""%" "^, 
poratlcas and credit I ="'1"=^' ?al<i 
Sceceles (set) 



Interest ""i 



♦ 63.5'*S.'*00 



526.9U«,15U 
591.297.8U0 
122.lUU.U85 

7.070,000 
130.290,99U 

252. 311. ao 
369.0U1.000 



1.000,000 



19.722.062 
lU. 101. 252 
68.850.000 



$2,063,653,083 



3.26U.61U.S76 



121.082.750 



$3.'*88.370.7UO 



Sooree: Seports recelTed fro. the corporation, and ageacle* Ikta 

on baaii of checki israed. 

1/ ^olpti fro. the repayient of aortgage loans appear under 

"epaTBent of loans" In the stataaent of sources of foada. 

% tJ^V "^t " "' Soreaber 30. 19U2. the latest arailable. 

.5^ . ' ^' ""recent of those obligation* which were in 
U/ ?;fi"L"fr^f ^^""^ "^^ "' .ecuxltles to the Treasury . 
*/ Includes the llectrlc Hoae and fan Authority. Inc. vhlch was 

transferred for purposes of U(raldatlon to the Seconstnietion 
S/ S-!!f' -°n«>P»tloa by atecutlT. order effeetlre October 31. I9U2. 

iS^ i,""*°*"- Incorporated. Defease Soaes Corporation. 

»fea.e Plant Corporation. Defense Supplies Corporation. 



5 "7.597 

36.687.227 

- 

2.362.329 

323.012,779 

25.170.971 

11.398.926 

8.520.670 

3.035.326 

560.27U.U7U 

280. 575.617 

8.3U1.UU3 

15.'H9.538 
•♦73.551 



Other ex- 
penditures 



$ 3.5'*2.U78 
21.078.Ugo 

2.052 

593.801 

32.780,23U 

22.lUo.lU6 

398.962 

2U9 . 615 

18.759.2^ 

10,886.680 1/ 

7.307,688 

25.089,770 

6U2.988 

371.526 

228,098,271 



Total, use* 
of fundi 



$1. 276.050. UU8 $371. 9a. 950 



$ U82 

"♦.533 

1*7 

320 

782 

2.IIU, 

1.132, 

290, 

1.223. 

1^. 

6.199 

11.921 

273, 

396, 

••.853. 



.705.12U 
.oUj.Uij 
,856,iiU 
85^,057 

996. U81 

987.1^)1 
.380.757 

.528,578 

.563.3^8 
.036.272 
.998.356 
699. 8U3 
726.761 

U78.882 
65U.022 



$3't.7a,uii,ui5 



Institute of Inter-Aaerlcan Affairs. Inter-A»orlcan Hanga- 
tlon Corporation. Ketals He.erre Coapany. Bubber Eeeerr. 
Cocpany. Snaller far Plants Corporation. Oalted States Coaner- 
cial Conpany and War Dassage Corporation. 
b/ Includes 'J. S. OoTercaeat bonds la the aaount of SjUg.gUfi Sgg 

as follovs: »ederal Deposit Ias-.a-ance Corporation, $UlU.U5g 012- 
roderal Sariags and Loan las-irance Corporation. $21,l6U 500- 

^ !'"'^.f;^^£^^°''?^=«*"-'^'"y' »7, 070. 000: rederal hosM loan 
banJcs, $100.6oU.lg6: Central Beak for Cooperatlres. $S5'^,000 
1/ locludes ezpeadlturee for contrlb-atloas and subrogated shares 
or elalBS la iasured flaaaclal icstltutions. 



INTERNAL REVENUE STATISTICS 



-61^- 



65 



Tieeal year 
o:^ month 



1929 

1930 

1931 

1932 

1933 

W"* 

1935 

1936 

1937 , 

1938 

1939 

19W 

igia 

19't2 

igl^S- January.. 
February. 
March . . . . 



April . 
May... 

June. . 



July 

August . . . . 
September. 

October. . . 
November . . 
December. . 
19'*3- January... 



Iseal year 
or month 



1989. 
1930. 
1931. 
1932. 
1933. 
193"*. 
1935. 
1936. 
1937. 
1938.. 
1939.. 

igw., 

I9'*l.. 
19'«.. 



IjUS-Jaouary . . 
February. 
March, . . . 



April. 
May. . . 
June. . 



July 

August . . . . 
September. 
October. . . 
November. . 
December.. 
19'*3- January... 

Source: 
1/ 



Summary of Internal Revenue Collections^/ 

(In thouaacds of dollars) 



Total 



2.939.05U 
3,OliO,l'*6 
2. Usg, 229 
1.557.729 
1,619,839 

2,672,239 
3.281.792 

3.'*9'»,330 
'».63't.30g 
5, 643,831* 

5.162,355 
5, 322, 768 

7.351,531 
13.029.912 

61*2,271 

859.750 

3. '+55.803 
696,855 
61*9,121* 

2,1+1*1*. 156 
807,451* 
681. 36s 

2,1*59. 87U 

702,1*25 

81*5,855 

2.521.1*48 

797,227 



Income and profits taxes 



Total 



2.B1,27U 
2,1*10,259 
l,860,0l»0 
1,056,757 
7'*6. 791 
819,656 
1,105,788 
1.1*27,1*1*5 
2,179,828 
2,629,016 

2,185,105 

2,129,606 

3. '+71,122 
8,006,880 

142,618 

337,101 

3.073,000 

295.111 
204,578 

2,131,452 
221.585 
154.032 

2,122,989 

220,386 

184.549 

1.999.688 

296,097 



IndlTldual 



1.095.541 

1,146,845 

833.648 

'+27.191 

352.573 

419,509 

527,113 

674, 4i6 

1.091,741 

1,286,312 
1,028,834 
982,017 
1. '+17. 555 
3.262,800 

56.724 

229.353 

1,468.071 

171. 318 
19.523 

727,125 
62,873 
40,523 

670.306 
26.468 

27.058 

562.515 

73.410 



Corporation 
Income and 

excess 
profits 2/ 



1.235.733 

1,263.414 

1,026,392 

629,566 

394, 218 

397,516 

572.115 

738, 520 

1,056,909 

1,299,918 

1,122,531 
1.120,579 
2,016.295 
4,687,459 

83.365 

105,648 

1.593.507 

121.047 

178.337 
1,393.44s 

156.218 
120,313 

1.436,081 
186,66s 
155.031 

1.425,942 

217,36s 



Miscel- 
laneous 
profits 
taxes 2/ 



Total 



2,631 

6.560 

14.509 

31.178 

42, 786 

33.740 
27,010 
37.172 
56,621 

2.529 
2,100 

11,422 
2.746 
6,71s 

10,879 

2.494 

3.195 

16.602 

7,250 

2,46o 

11.231 

5.319 



48 
265, 745 
742,660 

740,429 

833,521 

925,856 

1,185,362 

129.504 
193.900 

27.980 
108,218 
167.739 

28.383 
127,019 
177.282 

22.096 

133.919 

187.195 

25,263 
122.626 



Total 



607,780 
629,887 
568,189 
500.972 

873.048 

1.481.160 
1.649,782 
2.004.514 

2,188,735 
2,272,158 

2,236,8a 
2.359,641 

2.954.553 
3.837.670 

370,149 
323,71+9 
354,823 

293,526 
276. 807 
284,351 

458.850 
340.054 
314,789 
348,120 
478.111 
496.497 

378.504 



Capital 

stock 

tax 



Hiscellaaeoue Internal revsnua 



80.l6g 
9I.5O8 
94,943 
137.499 
139.349 
127,203 
132.739 
166.653 
281.900 

2.723 
616 
352 

291 

485 
264 

228 
233 

589 

266 

135,445 

143.020 

209 



Estate 

and 

gift 
taxes 

61.897 
64,770 
48.078 
47.422 
3'+. 310 
113.138 

212.112 
378,840 

305.548 
416,874 

360.715 
360,071 
407.058 
432.541 

36.957 

35,684 
105.317 
43,090 

25.087 

25,321 

45, 582 
29. 681 

27,919 

35,147 
26,954 
30,223 I 
'+6,739 



1/ 



Reports of collections. ~ 

^r^tj-i-i^:rri^-i-^:^L::3i:r:tr?:c:t^ 
i94o"ar:^:Li" '""^"'^^ '^'" "^^ ^'-"^ «-«-« *- o' 



Alcoholic 

beverage 

taxes 



12,777 
11,695 
10.432 
8,704 
'+3. 174 

258.911 
410,926 
505.243 
593.331 
557.670 

587.605 

624.064 

819,869 

i,o4s,i65 

100,623 
77.653 
84.657 

81.427 
84,074 
s6.004 

113,986 

122,896 
111.280 

118,949 
104,431 
128,973 

136,876 



Tobacco 
taxes 



434,445 

'+50,339 
444,277 

398,579 
402,739 

425.169 
'+58.776 
500.786 
551,923 
557,777 
579.784 

608,072 

697.712 

780.792 

69.531 
59.606 
61.601 

62.866 
65.798 

71,446 

7'+, 077 
73,933 
77,148 

82,532 

78,607 
81.359 
80,565 



Stamp 
taxes 



64,173 
77.729 
46,954 
32.241 
57.578 
66.580 
'♦3.133 
68,990 
,69.919 
46,233 

41,083 
38,681 
39,057 
41,702 



1/ 

5/ 



Smployment taxes 



Social Security taxes 4/ 



Federal 

Insurance 

Contributions 

Act (01d-a<e 

InsuranceT 



207,339 
502.917 

529.835 
605,350 
687,327 
895.336 

97,010 

12'+. 331 

1.513 

102,359 

139.170 

3,35s 

120,882 

140,967 

4,562 

127,882 

148,478 

2,576 

91,229 



Manufac- 
turers ' and 
rotailere' 

excise 

taxes 



166 
344 
138 

2'*7.75i 
390,038 
342,275 
379. S^K) 
449,854 
416.754 
396,891 
447,088 

617.373 
852,069 

102,518 

SO. 900 
63,652 

70.008 
63,025 
56.369 

61,935 
59,756 
55.996 
66.042 
"♦7.137 
63.832 

58,427 



Federal 
Uneaployment 

Tax Act 

(Unemployment 

insurance) 



Carriers' 

Taxing Act 

of 1937 



58.119 
90,267 

101.167 
106.123 
100,658 
119,617 

30,851 

53.55'+ 

1,692 

'♦.970 
7.286 
1.145 

5.536 
5,993 

308 

5.408 

5.753 

951 

30,896 



48 

287 

149,476 

109,427 

122,048 
137.871 
170,409 

1,543 
21,015 

2'+. 775 

889 
21,283 
23 , 880 

601 
30.322 
16.726 

629 
28.964 

21.736 

501 



Miscel- 
laneous 
taxes 



J/ 



34.322 
25,010 
18. 310 

14.026 

87.496 

147.156 

91.052 

76 172 
80. 161 
117.501 
143,540 
148 . 926 
206.831 
400.501 

52.419 
66,068 
36,448 
32.685 
35.384 

42.212 

160.225 
50.902 

39,176 

42,017 
32,138 

45,632 
41,912 



Agricultural 

adjustment 

taxes 



371.423 

526.222 

62.323 



Consists of the declared value excess profits tax the urof't limit 
Z ll7l:lZ °^'>>«/^— *<=*■ -^ '^o tax or;nJ^:tC ch^eft 
titUd Fnii»? ? " '° ^JP'*""" 1939 the data In the columns en- 
Tax let rfnrf«»r"^^".f°""""'''"""''« *<=' "'^ ^^l"*^ Unemployment 
iax Act represent collections under Titles VIII and IX rescec- 
tlvely. of the Social Security Act. respec- 

Includes tax collections under the Sugar Act of la-;? and „„.i„,. fK= 
dividends tax Imposed by the Act of jSe 16. 1933 ' 




•>■;■ 



66 






COLLECTIONS OF INTERNAL REVENUE 

■ Fisca/ Years 1929 to 1942 



DOLLARS 
Billions 

14 



First 1 Months Fiscal Yzar /943 

DOLLARS 
Billions 

14 



DOLLARS 

Billions Individual Income 
3.6 




1929 



* Includes miacellaneous profit taxes 



67 



Detailed Analysis of Current Internal Revenue Collections!/ 



Souroai of rcTanu* 



Income and profits taxai: 
IndiTldual 

Current 

Back '.'.'.'.'.'.'.'.'. 

Corporation 
Current 

Back !...!!.!.!!. 

victory tax 

Izceae proflte taxes (Second Hevenue Act 
of igw as amended) 

Miscellaneous proflte tazec 

Declared value 

Vinson Act [[[] 

DhJuBt enrichment \[ 

Total Income and profits taxes 



ftiploTDent taxes: 

Social Security taxes: 
Federal Insurance Contributions Act 

(Old-a^ insurance) 

Federal Unemployment Tax Act (Ifaemploy- 
ment insurance ) 



Total Social Security taxes. 



Carriers' Tazis£ Act of I937. 
Total employment tuns 



Miscellaneous Internal revenue: 
Capital stock tax 



Istate tax. 
Olft tax... 



Alcoholic heverage taxes: 

Wstilled spirits (imported, excise) 

DlBtilled spirits (domestic, excise).. 

niatiUed spirits rectification tax '. 

Ifines, cordials, etc. (imported, excise)' 
Vines, cordials, etc. (domestic, excise) 
Brandy used for fortifying sweet wines 

(repealed as of July 1, igliO) 

Dealers in distilled spirits; rectifiers' 

manufacturers of stills (special taxes) 
Stamps for distilled spirits intended 

for export 

Case stamps for distilled spirits 

tottled in bond 

Container stamps ','.'.'" 

Floor taxes '.'.'.'.'.'.'." 

Fermented malt liquors '.'.'.".' 

Brewers; dealers in malt liquors 

( special taxes ) 



Total alcoholic bererage taxes. 



Tobacco taxes: 

Cigars (large) 

Cigars ( small) 

Cigarettes ( largo) 

Cigarettes (small) . 

Snuff !!!!.'!!!!'"' 

Tobacco (chewing and smokl^)!.'! 

Cigarette papers and tubes 

Ijeaf dealer penalties, etc * 

Cigarette and cigar floor taxes 



Total tobacco taxes 

''"^ef^ileports of coUections. 
less than $500. 
y Excludes collections for credit to 



January 
I9I13 



(In thousands of dollars) 



First 7 months 



Ug,22l* 
25.092 

37, 1152 

43.505 

91* 

136. 1*11 



5.191 

128 



Fisoal 
year 

igus 



296.097 



30,896 



581.558 
65,851 

989,1*1*2 
125,578 



180,1*55 

19,272 

30 

3. '♦53 



Fiscal 
jraar 
I9U3 



1.965.639 



91.229 52it,6o5 



122,125 
501 



122.626 



50,970 



575.575 
78.567 



65i*,ii*2 



209 



1*5, Ug8 



1.251 



,5.890 
65.259 

51 
3.150 

6 

86 



279,891* 



191.668 



6.371 



135 

7% 

30.271* 

29.785 

1*8 



136,876 



2.021* 
8 

3. 908 

11*1 

1 

2.51*0 



22,891* 

323,81*3 

10.352 

231 

13,317 

1.211* 

5,U3U 



696 

6,863 

33.175 

213,607 

2.722 



63i*,3it9 




8,501* 
63 
10 

ltll*.112 

i*.265 

31. 3W 

1,168 

k 

5 



1,388,852 

7i*,207 

1,88U,002 

159,907 

91* 

1.653.712 

1*7.030 

192 

1.330 



5.209,326 



636, 576 
55.31*5 



691.921 

99.1*79 



791.1*00 



329,990 



236,362 



5.881* 



, 39,51*9 

1*29.728 

12,170 

31*5 

20,932 



5.381 



S91* 

7.035 

67.61I+ 

251.175 

2,561 



837.390 



12,130 
56 

.613 

.181 

29,280 

762 

2 

8,183 



1*9^ 



Sources of rsvemie 



Miscellaneous Internal revenue (continued): 
Stamp taxes: 
Bonds, issues of capital stocks, deeds 

of conveyance, etc 

Transfers of capital stock and similar 

interest sales 

Playing cards [\[ 

Silver bullion sales or transfers '.'. 



Total stamp taxes. 



Manufacturers' and retallere' excise taxes: 

Imbricating oils 

Oasollne !.'.'!.'!!!.'!!!!.'..' 

Tires and tubes '.'.'.'...'.'.'..'.'.','..'. 

TlooT taxes on tires and tubes 

Automobile trucks and buses '..'.'.'. 

Other automobiles and motorcycles.!..'!.'!! 

Parts and accessories for automobiles...! 

Electrical energy 

llectric, gas. and oil appliances !!! 

Electric li^t bulbs and tubes 

Electric signs (repealed as of 11/1/1*2)!! 

Hadlo sets, phonographs, components, etc. 

Phonograph records 

Musical instruments ! !! ! 

Mechanical refrigerators, air-conditioners, 
etc 

Matches 

Floor taxes on matches !!!!!' 

Business and store machines !!!!!!!!!!! 

Furs - retailers' excise !!! 

Jeweliy - retailers" excise !!!!!"!! 

Iraggage ''''^ 

^tlcal equipment (repealed as'of '11/1/1*2) 

Photographic apparatus 

Rubber articles (repealed as of li/i/1+2)'!! 

Sporting goods 

Toilet preparations - retailers' 'excise!!! 

Washing machines (repealed as of 11/1/1*2). 

Firearms , shells and cartridges ! 

Pistols and revolvers !!!" 

Eepealod taxes not listed above.!.!!!!!!!! 



Total manufacturers' and retailers' 
excise taxes 



MiacellaneouB taxes: 

Bituminous Coal Act of I937 

Sugar Act of 1937 !!!!!!!!!!'' 

Telephone, telegraph, radio, and'cable!" 

leased wires, etc 

Local telephone service !!!!'" 

Transportation of oil by pipe line!! 

Transportation of persons, seats, berths!' 

12/1 A^T*^""^ of property (effective 
Dse of motor vehicles ( effective '2/i/ll2J" 

Use of boats (effective 2/1/1*2) 

Leases of safe-deposit boxes !! 

Admissions to theaters, concerts. 

cabarets, etc 

Club dues and initiation'fees! ! ! ! ! 

Bowling alleys, pool tables, etc.!!! 

Coin operated devices ! ! " 

Adulterated and processed or'renovated 

butter, mixed flour 2/ and filled cheese 
Oleomargarine, including special taxes 
Narcotics, including marihuana and 

special taxes 

Coconut and other vegetable 'olii 

processed 

National Firearms Act .!!!!!!!!!!!!!!'" 
All other, including repealed taxes 

not listed above 



Total miscellaneous taxes 

Total miscellaneous Internal revenue. 



Total internal revenue. 



territories and insular possesei 



ons, etc. 



January 
191*3 



1.772 

1.378 
591+ 
32 



First 7 months 



Fiscal 
7*ar 

19I12 



3.776 



"♦.IS? 

2l*.88l* 

1.663 

26 

157 

87 

1.981 

l*.117 

1*4 
20 

187 
83 

59 

212 

597 

« 

616 

6.955 

15.048 

1*1*2 

3 

8O6 

1*15 

185 

i*.756 

* 

11* 

2 

258 



68,1*27 



1*55 

1*.211 

5.61*7 
5.033 

1.242 

7.860 

3,71*1* 

26U 
2 

1*85 

11.728 

1*03 

1*2 

1*13 

1 

20l* 

36 

139 



1*1,912 



13.963 

9.338 
3,515 

20 



Fiscal 
year 

191*3 



26,836 



28,829 

239. 807 

1+7.227 

7,818 

10,696 

60,522 

15.293 

29.091 

6,701 

1.069 

8.743 
21*5 
820 

9.91*7 

1.061* 

1.677 
1.813 

7.522 

11*. 833 

1,130 

131 

1.756 

6,528 

922 

6,987 

1*2 
3.201 

1*2 
3.361* 



518,116 



3.11*5 
1*5.291 

22,983 
6,21*5 
7.967 
5.768 



17.352 

1* 

1.652 

60,528 

3.710 

1.298 
5.159 

18 
1.581* 

351 

i*,609 
10 

31 



187.705 



378,501* 2,3oU,i*ii* 



797.227 



1*. 921*. 195 8,815,653 



11,1*1*3 
6,261 

1*,158 
89 

21,951 



23.822 

193.991 

8.278 

56 

3.389 

1.336 

11,780 

28.1*78 

5.536 

''^ 
'*.215 

1.052 

9U3 

i*.2a9 

1*.1*81 

2M36 
52.521 

3.176 
281 

6.313 
13.067 

3.012 
19.139 

35 
1.051 

1*23 



1*23.125 



3.218 
32.825 

1*2,039 

32.251 

8.1*59 

37.968 

3.71*7 

137.798 

30I* 

3.559 

92, 21*1 

3.713 
1.57U 

8.755 

22 
1.72U 

397 

1.357 
12 

1*0 



1*12.003 



2,8lU.927 



certain trust accounts for 



iax imposed upon the manufacture and sale of 
tax on. mixed flour repealed as of November i, 



and the occupational 
191*2. 



OLD AND SILVER STATISTICS 



-65- 



69 



Gold Assets and Liabilities of the Treasury 



Snd it oalandar 
jraar or aonth 



I93U. 
1935- 
1936. 
1937. 
1938. 
1939. 

19IU. 



191*2- January.. 
February. 
March.. . . 



April. 
May... 
June. . 



July 

August . . . . 
September. 



October. . 
November . 

December. 



I9U3- January. 



(In mllllone of Aollar«) 



Sold 
Assate 



8,238.6 
10,122.9 
11,257.6 
12.760.0 
ll*,511.2 
17. 61*3. U 
^l.99l♦.5 
22,736.1 
22,726.2 

22,71*6.9 

22,704.5 
22,687.4 

22,690.2 

22, 711*. 1* 
22.736.5 

22.7'*3.7 
22.755.7 

22,75l+.l 

22.739-7 
22.71*3.1* 
22,726.2 

22,683.0 



Source: Dally Treasury Statements. ^ 

1/ Comprises (1) gold certificates held by the public and In Ped- 

Zfi tll7r1 T'"^ r' 1'^ «°" certlflcate'^redJt: in (a) the 
Gold Certificate Fund - Board of Governors. Jederal Eeserre 
System, and (b) the Eedemptlon IVmd - Federal Reserve notes. 



Sold Certif- 
icates 1/ 



5.27U.O 

7.679.5 

8,959.6 

9.212.3 

11.872.8 

15.278.6 

19,825.1* 

20,56i*.8 

20,611.9 

20,59i*.o 

20,575-5 
20.555.0 

20.569.3 

20,581.3 

20,625.3 

20,605.0 
20,63!+. 3 

20, 631*. 8 

20,627.8 
20.631.1 
20,611.9 

20,578.5 



liabilities 



Oold Beserve 
against U. S. 
notes, etc. g/ 



156.0 
156.0 
156.0 

156.0 
156.0 
156.0 

156.0 
156.0 
156.0 

156.0 



Ixohanga 
Stabilization 



156.0 


1,800.0 


156.0 


l.i^OO.O 


156.0 


1,800.0 


156.0 


1,800,0 


156.0 


1,800.0 


156.0 


1,800.0 


156.0 


1,800.0 


156.0 


1,800.0 


156.0 


1.800.0 


156.0 


1,800.0 


156.0 


1.800.0 


156.0 


1,800.0 



1.800.0 
1.800.0 
1,800.0 



800.0 
800.0 
800.0 



1.800.0 
1,800.0 
1,800.0 

1.800.0 



Gold In 
General Fond 



1,008.6 
1*87. U 

1,591-6 

682.1* 
1*08.9 

213.2 
215.3 
158.3 

196.9 
173.0 
176.1* 

165.0 
177-1 
155-2 

182.7 

165.1* 
163.3 

155-9 
156.2 
158.3 

11*8. U 



2/ ^*®"® against United States notes and Treasury notes 
2/ ^eludes gold In active portion of Iichange Stabilisation 



Ji i I III I 



Treasury Gold Receipts 

(In millions of dollars at $35 per fine ounce) 



1937 - Jan. -Mar.. 

Apr . -June . 
July- Sept . 
Oct. -Dec. 

1938 - Jan. -Mar.. 

Apr. -June. 
July-Sept . 
Oct. -Dec. 

1939 - Jan. -Mar.. 

Apr . -June . 

Jily-Sept . , 
Oct. -Dec... 

19ltO - Jan. -Mar... 
Apr. -June. . 
July-Sept . . 
Oct. -Dec... 

19'U - Jan. -Mar... 
Apr . -June . . 
July- Sept . . 
Oct. -Dec... 

19'« - Jan.-Mar... 
Apr. -June. . 
July- Sept . . 
Oct. -Dee... 



Hewly-mlned 

domestic 

gold 



32-93 
36.1*6 
U5.85 
1*5.61 

38.23 
1*0.1*2 
1*7-22 
1*9.12 

1*1*. 1*0 

1*3-69 

52.31* 
51.62 

1*6.77 

U6.37 

52-27 

73.63 

1*9-67 
30.91 
05 

•9-20 

36.1*9 
30.03 
32.36 
12.23 



s 



Gold received by 
Importation or 
released for ex- 
portation (-) 1/ 



277-22 
691.37 
371.80 
-30.80 

-7.67 
I2U.59 
71*3.96 
701.00 

699.30 
80U.96 

765.95 
657.1*7 

739-62 
1,1*80.79 
1.225.88 

67!*. 01* 

320.20 

221*. 76 

76.11 

-75-91 

-87. Ol* 

17.62 

-16.1*1 

-1*1.17 



MlBcel 
laneous 2/ 



1/ Includes gold releas 
2/ Comprises domestic c 



ed from earmark or gold placed 
oln, secondary gold, etc. 



6.00 
16. 61 
1*.1*0 

i*.95 

3-83 
3-51* 
5.25 
1-75 

3-31 
3-11 
3.2U 
2.81* 

2.93 
3.1I* 
3.16 
2.50 

2.59 
l.W 
3.27 
2.31 

i.s6 
i.p 

1.62 

1.11 



Total 



316.15 

71*1*. 1*5 

1*22.05 

19.76 

3't-39 
168.55 
796.1*3 
751.87 

71*7-01 
851.76 
821-53 
711-93 

789-32 
1,530.30 

1.281.31 

750.17 
372.1*6 

257-07 
136. U3 
-21*. 1*0 

-1*8.69 

1*9.08 

17-57 

-27-83 



under earmark. 



Monetary Stocks of Gold and Silver 

Cin millions of dollars) 



End of fiscal 
year or month 



1931*. 
1935- 
1936. 
1937. 
1938. 

1939. 
191*0. 
191*1. 
191*2. 



191*2- January. . 
February. 
March. . . . 



April. 
May... 
June. . 



July 

Au^st 

September. 



October. . 
November . 
December. 



19l*3-Januapy. 



Source 



Gold 
($35 per 
fine ounce) 



7.856.2 
9.115-6 
10,608.1* 
12,318.3 
12,963.0 
16,110.1 
19,963.1 
22, 621*. 2 
22,736.7 

22,71*7-2 

22,701*. 8 
22,687.1* 

22,690.8 
22, 711*. 1* 

22.736.7 

22, 71*1+. 3 

22.755-7 

22.75l*.l 

22.739-7 

22,7i*3.1* 
22,726.2 

22,683.0 n 



Silver ,,"*"° °^ 
($1.29■^ oer '""" *" «°^* 
flnel^^:' '"'dellv.rln 
' 'monetary stocks 



898.2 
1.1*63.1 
2.21*9.5 
2.51*2.1 
3.O66.U 
3,605.2 
3,939-6 
1*. 11*8. 7 
1*. 306.0 

1*. 257-1 
U.267.5 
1*. 277-8 

1*.289.2 

i*.30i.3 
1*. 306.0 

1*. 311.9 
i*,3li.6 
'*.3ii*.3 

it.308.7 
1*. 302.0 
i*.297.9 

1*, 281.0 p 



Dally Treasury Statement and 
United States Money, 
p Preliminary. 



10.3 
13.8 
17-5 
17.2 
19-1 
18.3 
16.5 
15.5 
15-9 

15.8 
15.8 
15.9 

15.9 
15.9 
15-9 

15.9 
15.9 
15.9 

15.9 
15.9 
15-9 

15-9 



Circulation Statement of 






70 



Components ot Sliver Monetary Stock 



(In mllllone of dollare) 



End of cedandAT 
year or month 



193»*. 
1935. 
1936. 
1937. 
1938. 
1939- 
19W. 
19U1. 
191*2. 



surer hsld In Treasury 



Securing silver 
certificates 1/ 



Silver bullion 



igUZ-January . . 
February. 
March 



April. 
May... 
Jtma. . 



July 

iagust. . . . 
Septeoher . 



October. . 
VoTember. 
December. 



19lt3-January p. 



211.6 
576.9 
775.9 
938.8 

1.137-6 

1,298.2 

1.398.1 

1,1*76.1 
1,516.2 

1,1*81.7 
1,1*86.2 
1.1*91.1 

1,1*96.9 
1,502-7 
1,505.8 

1.509.5 
1.511.7 
1.513.6 

1,515.0 
1.515.8 
1.516.2 

1.516-3 



silver dollars 



5O8.I* 
5O8.7 
505-7 
503.7 
502.7 
U99-O 
U9i+.6 
i*8U.i 
U68.3 

1*83-9 
1*83.1* 

1*82.7 

1*81.6 
1*80.2 
1*78.7 

1*77-0 
1*75.5 
1*73.3 

1*71.8 
1*70.0 
1*68.3 

1*67.8 



In Creneral T^ind 



Source: Ifally Treasury Statement and Circulation Statement of 
United States Money, 
p Preliminary. 
• Less than $50,000. 



Subsidiary 
coin 2/ 



1*.2 
1*.2 

5-7 

5->» 

3-5 

5.3 

2.3 
3.5 

9-2 

8.0 
10.8 
11.9 

13.1* 
11*. 

13.0 

15.1 
19.5 

ll*.2 

13-5 

10.5 

9.2 

19.3 



Bullion for 
recolna^ 2/ 



8.8 
.2 
.3 



K 



Valued at 
Valued at 



Bullion 
at cost 



89.3 
262.7 
31*7.7 
U28.6 

535-3 
616.0 
657.1* 
662.3 
628.2 

663.0 
663.8 

66i*.2 

663.9 
662.5 
660.3 

657.2 
652.1 
6U7.2 

61*0.0 
631* -3 

628.2 

619. H 



silver outside 
Treasury 



Silver 
dollars l/ 



.29-t- per ounce. 
.38+ per ounce- 



35-2 

38.1* 

1+1.3 

1*8.1 
52.5 
63.0 

78.8 

63.2 

63.7 

6U.1* 

65.U 
66.9 
68.3 

70.1 
71.6 
73.7 

75-3 
77.1 
78.8 

79-3 



Subsidiary 
coin 2/ 



305-3 
323-5 

350.i* 

366.9 
372.8 
391*. 1 
1*22.1* 
U93.5 

587-3 

i»93.5 
U9U.1 

1*96.9 

501.1* 
509.7 
516.8 

52't.3 
531-7 
51*8.1 

561.8 
575.7 
587-3 

588.7 



Total silver 
at $1.29 
per ounce 



1.279-7 
1.970.1 
2,1*02.3 
2,806.5 
3.3U6.8 
3.790-2 
4,060.0 

U,2>*i*.e 
1*. 297-9 

1*. 257-1 
l*.267-5 
i*.277.8 

1*,289.2 

u, 301.3 

1*, 306.0 

i*,3ii.9 
i*,3li.6 

i*.3i'*-3 
i*.308.7 

1*. 302.0 

i*.297-9 

1*, 281.0 



silver of specified Classifications Acquired by Mints and Assay Offices 



(In mllllonB of ounces or dollars) 



Calendar year 
or month 



1931*- 
1935. 
1936- 
1937- 
1938. 
1939. 
191*0. 
19U1. 
191*2. 



191*2- January . . 
February. 
March 



April. 
May... 
Jun*. . 



July 

Au^st . . . . 
September . 



October . . 
Hovember . 
December. 



19U3. January . 



Newly mined domestic 1/ 



Ounces 



21.8 
38.0 
61.1 
70.6 
61.6 
60.7 
68.3 
70.5 
1*7.9 

6.0 
i*.7 
5.1 

6.U 
7.0 
i*.0 

5-5 
2.9 
2.5 

2.0 
1.2 

• 5 

.1 



Dollars 



lU.l 
27.3 
1*7.3 

Jt2.2 
UO.l 
1*8.5 
50.1 
3U.O 

3.6 

'*-5 
5.0 

2.8 

3S 
2-1 

1.8 

l.U 



JL 



Hatlonallsod 2/ 



Ounces 



110.6 

2.0 

M 



Dollars 



55-3 

1.0 

.2 



1/ Acquired at 6U.61** cents per fine ounce until April 9, 1935; »* 
71 11+ cents per fins ounce from that date until April 23. 1935: 
at 77.57+ cents from April 23. 1935 to December 3I. 1937: at 
61*. 61** cents per fine ounce from December 3I, 1937 to July 1, 
1939; •»* •* 71.11+ cents since July 1, 1939- 



Foreign j/ 



Ounces 



172.5 
1*91*. U 
271-9 
21*1.5 
355-'+ 
282.8 
139-8 
72.6 
1U.3 

3-3 
3.1+ 
2.8 

3-2 

1.7 



u 



Dollars 



86.5 

318.2 

150-3 

108.7 

156.9 

120.5 

50.9 

27.1 

6.0 

1.1* 
1.1* 
1.2 

l.U 
.7 



Total 



Ounces 



30U.9 
53»*.3 
333.1+ 
312.2 
1*17.1 
3'*3.3 

208.0 
1U3.I 
62.1 

9-3 

8.1 
7.9 

9.6 
8.7 

i*.o 



Dollars 



155.9 

3U6.5 

197.8 

163-3 

199-1 

160.6 

SSM 

77-2 

iio.o 

5-7 
1+.8 
1*.8 

5-9 
5-7 
2.8 

3-9 
2.1 
1.8 

1.1* 



-.1 



.1 



Acquired at 5O.OI cents per fine ounce. Executive Proclamation 
of August 9, I93I*. repealed April 28, 1938. 
2/ Acquired at various prices averaging approximately 5I eents 
per ounce. 



71 



Seigniorage on Silver 



End of calendar 
year or month 



I93I4. 
1935- 
1936. 
1937. 
1938. 

1939- 

191+1. 
191*2. 



191+2- January . . 
February . 
March. . . . 



April. 
Kaj-. . . 
June. . 



July 

August. . . . 
September. 



October.. 

November . 
December. 



I9I+3- January. 



(CuBulatlve from January 1, 193I* - In mllllonB of dollars) 



Seigniorage 

on BilTfcr 

and minor 

coins 



'*-5 
18. 5 

i»6.l 
63.7 
69.5 
91.7 

122.2 
182.1 
21*5.7 

188.5 

192. U 
195-3 

198.0 

20U.0 
209.2 

213.0 
218.5 
225.8 

233.1* 

239.5 

21*5.7 

251.0 



Sources of seigniorage on silver bullion revalued 1/ 



Misc. silver 
{incl. silver 

bullion held 
June 11*, I93I*) 



1+8.7 
1*8.7 
1*8.7 
1*8.7 
Us. 7 
1*8.7 
1*8.7 
1*8.7 
1*8.7 

1+8.7 
U8.7 
Ug.7 

1*8.7 
1*8.7 
1*8.7 

1*8.7 

1*8.7 
1*8.7 

1*8.7 
1+8.7 
1*8.7 

1*8.7 



Newly-mined 

silver (Proc. 

Dee. 21. 1933) 



.k 
16. 8 
36.0 
58.0 
7I+.9 
87.3 
87.5 
87.6 
37.6 

87.6 
87.6 

87.6 

87.6 
87.6 
87.6 

87.6 
87.6 
87.6 

87.6 
87.6 
87.6 

87.6 



Newly-mined 

silver (Act 

July 6, 1939) 



Silver Pur- 
chase Act 
of June 19. 
I93I+ 



Basis: Daily Treasury Statements. 

1/ These itens represent the difference between the cost value and 
the monetary value of silver bullion revalued and held to secure 
silver certificates. 



1*.2 

25-7 

1*8.3 

63.6 

50.2 

51.6 
53-3 

55.3 
57.5 
58.9 

60.6 
61.6 
62.1* 

63.1 
63.1* 
63.6 

63.6 



51.1 

226.2 
302.7 
366.7 
457.7 
530.7 
562.7 
580.1* 

581*. 3 
581. 3 

582.1 
582.9 

583.8 

581*. 3 
581*. 3 

581*. 3 
581*. 3 
581*. 3 

581*. 3 
581*. 3 
581*. 3 

581*. 3 



Nationalized 

silver 

(Proc. of 

Aug. 9, 1931+) 



Total 

seigniorage 

on silver 

revalued 



Potential 
seigniorage on 
silver bullion 

at cost in 

0«ner%l I\ind 

2/ 



28.5 

31*. 5 
31*. 7 
31*. 7 
31*. 7 
3U.7 
3U.7 
3"*. 7 
31*. 7 

3it.7 
3U.7 
3i'.7 

31*. 7 
31*. 7 
31*. 7 

31*. 7 
3i*.7 
3i*.7 

31*. 7 

31*. 7 

31*. 7 



128.7 
326.2 
i+22.1 
5O8.I 
616.0 
705.6 
759. •♦ 
799-7 
818. 9 

802.5 
8OU.7 
8O7.2 

810.1 
812.8 
811*. 2 

8I5.9 
8I6.9 

817-7 

Elg.l* 
818.7 
818. 9 

818. 9 



132.6 

271*. 9 

397.5 

51*1.6 

758-8 

950.6 

1.055.8 

1,089.0 

1.0l*8.2 



1,0914.2 
1,096.3 
1,097.8 

1,096.5 
1,097-5 
1,095-5 

1,090.0 
1.O85.5 

1,082.5 

1 , 068 . 5 

1,060.C 
1,01*8.2 

1,029.7 



2/ The figures in this column are not cumulative; as 
the amount of bullion held changes, the potential 
seigniorage thereon changes. 




Silver Production, by Leading Countries 



Calendar year 
or month 



1933- 
1934- 
1935- 
1936- 
1937. 
1938. 
1939- 
191*0. 
191*1. 
191*2. 



19l*l-Deeeober . 



191*2- January. . 
February . 
March. . . . 



April. 
May... 
June. . 



July 

August . . . . 
September. 

October. . . 
November . . 
December. . 



Total 

for 
world 



169.159 
190,398 
220,701* 
253,696 

271+, 538 

267,765 
265,262 
273,681* 
264.553 

21 , 196 

21,36s 
20,361 
21,657 



(In thousands of fine ounces) 



Source : 



United 
States 



22,821 
32,1*87 

'*5.6l3 
63,351 
71,299 
61.689 
63.872 
67,013 
69,128 
5l*,i*86 

5,661 

i*,SUl* 
i*.i*70 
5.285 

5.606 
4,91*8 

1*,528 

5,ol*s 
1*,1*12 
U.56I 

3. 819 

3.292 
3.673 



American countries 



Canada 

2/ 



16,395 
17,565 
17,71*3 

19 , 581* 
21*, 131 
23,826 
21*. 53s 
23.8I6 
20,31*0 
5/ 

1,722 

1.538 
1,1*78 
1,606 

1.613 
1.621* 
1.537 

1.966 
1.505 
1.758 

1,870 
1.623 
5/ 



Mexico 



6s,ioi 
71*, 11*5 
75.589 
77,1*61* 
8i*,681 
81,019 
75.871 
82,538 

78,362 
5/ 

5,51*8 

7.1*71 
7.213 
7.211 

5/ 



6,761 

10,381 

17,1*33 
19,901 
16,991* 

20.1*21* 
18,802 
19,000 
17,000 

1,500 

1,300 
1.000 

1,300 

1,200 
1,300 
1,500 

1,1*00 
1.350 
1.1*50 

1.1*50 
1,200 

5/ 



other 



Annual Reports of the Director of the Mint for annual figure 
through 1939; releasee of American Bureau of Metal Statistic 
for all later figures. 
1/ Breakdown by countries not available after I939. 



10,819 
10,091 
12,7SS 
16.539 
15,708 
15,869 
17.1*97 
16.925 
18.262 

1,61*0 

1.590 
1,580 

1.635 

5/ 

5/ 
5/ 



•All other countries 1/ 



Total 



Ui*,26i 
'*5.730 
51.538 
56,858 
61,725 
61*, 939 
61*, 683 
61*. 292 
61.1+61 

5.125 

'♦,625 
U.620 
4.620 

5/ 
5/ 



Europe 



14,769 
14.891 
17,199 
19 , 704 
21.053 
22,747 
21,224 



Oceania 



11.553 
11.257 
12,434 
13.194 
14,903 
15,043 
15,417 



Japan 

1/ 



6.tHo 

9.",-- 
11,670 
12.451 
13, ii"- 
14,015 



British 
India 4/ 



2/ Includes Newfoundland. 

3/ Includes Chosen and Taiwan. 

5' Includes Burma. 

^ Not yet reported. 



6,080 
5.818 
5.850 
5.977 
6,205 
5-947 
5,943 



Other 
Asia 



1.103 
1.179 
1.219 
1.733 
1.913 
2,1*51 
2,670 



Africa 



4,075 
4,722 
5.130 
4,580 
5,200 

5.636 

5,414 



OTHER TREASURY STATISTICS 



-72- 



73 



Net Capital Movement to the United States, 1035 through November 1942 

ll°- thoueande of dollars. Net capital outflow (-]] 



Period 



Calendar year: 

1935 (Jan. 

1936 (Jan. 

1937 (Dec. 

1938 (Dec. 

1939 (Dec. 

19'tO (Jan. 

19'*1 (Jan. 

igltS (Jan. 



2. 1935-Jaii. 1. 1936). 

2, 1936-Dec. 30, 1936). 

31. 1936-Dec. 29. 1937). 

30. 1937-Dec. 2g. 1938). 

29. 193S-Jan. 3. igito). 

1*. 19'*0-Dec. 31, 191*0). 
1. iglll-Dec. 31, igui). 
1, 1942-Nov. 30, 191*2). 



Total (Jan. a, I935-N0T. 30, l^kz) . 



Months: 

igltl-HoTeiDber (Oct. 30-Dec. 



3). 



December (Dec. 1*-Dec. 31). 



I9I+2- January (Jan. 1-Jan. 28). 
February (Jan. 29-reb. 25). 
March (Feb. 26-Apr. 1). 



April 

May 

June 



(Apr. 2-Apr. 29). 
(Apr. 30- June 3). 
(June l|-June 30). 



July 

Au^st . . . . 
September. 



October . . 
HoTember . 



Ket capital 
moTement 



1,1*12,1*86 

1.195,922 

801,915 

•+15.256 

1.195.635 

706,380 

-1*96,923 

530. 91*5 

5,761.616 



-128,919 
-l'+8,628 

-66,927 

-9"*. 698 

i3.3'+5 

227,185 

103.821 
81,881 

1*7,282 

57.3'»5 
55.018 

39,788 
66.905 



Note 



: The weekly aeries of capital movement data through July 1 igUa 
has been superseded by a re-vlsed monthly series commencing with 
July 1. 19^2. lor an explanation of the adjustaent made to 



Movement in 

short-term 

banJdng funds 



96i*,629 


397. 31+2 


255.591* 


331.268 


1.132.383 


852.928 


-286,622 


501*. 231* 



'+.151.756 

-131*. 220 
-159.300 

-7't.305 
-88,565 

19.020 

232,238 

100. 712 

81,602 

58.078 
1*8,1*13 
U6.121 

23.382 

57.538 



Analysis of net capital movement 



Movement in 
brokerage 
balances 



6.039 
6.811 

31+, 687 

31* 

32,990 

20,358 

-1*9 
3.186 

ioi*,056 



387 
-158 

1.175 

-59 

2.297 

-370 

61*0 

1.692 

-2.593 

251 

3.57'* 

-3.331 
-90 



Movement In 

transactions 

In domestic 

securities 



316,660 
600,693 
21*1*, 626 
57.196 
-85,1*27 

-21*5,062 
-261,955 

3"*. 261 
660,992 



-838 
6,238 

1*,261* 
-"+.782 
-1.329 

1.687 
2. '♦58 

2.961 
1.303 

9.1*27 
3.'*0l 

8,11*6 

6.725 



Movement in 

transactions 

In foreign 

securities 



125,158 
191.076 
267,008 
26,758 
115,689 

78.156 

51.703 

-10,736 

81*1*, 812 



5.752 
i*,592 

1.939 
-1.292 
-6,61*3 

-6.370 

11 

-'*.37'* 

-9.506 
-7I+6 

1.922 
11.591 

2.732 




eliminate the duplication In the two series resulting from 
the overlapping of one day, see the "Treasury Bulletin" 
for October 191*2, page 78. "■'■J-enn 




.v..^,S 



V>^:. 



Bulletin of the Treasury Department, March 1943 
Cumulative Table of Contents 



I. Special articles 



^^I'^d'igUa'^.^'^"'^ ^'''"" DlBtrlcte and by States. December 31. 

^'^t^e"ff1L":o;^^°:""'"^''?!'"!'^^°^"°'^"'^5'i^.' 'cia^^ified 

Dividends received by corporations, Individuals, and fldiiciai^ies "1936 ' 

"L%L^ 2Tizv.'^.]'.T.]'y.. ':::!:'' """^-^ "'*^"- "•'"•^ 

'TnTteSll^d::: L" T^Zr^'.'^ "abUUy"in't.e"unU;d's;ate.; 



IsBTie and pege number 



19U3 



Mar. 



'°^li?^91g";'2*".'^*".^°.*'^* "^"'^ "»t l«t«d taxable 



°°:^r:rtrtrp:b!ic^^'"'".°^'""?^/:?^""-'"'^"^ 

"1^fn^1o*^L°Si:T'°*.!?!"!!*:'r'°«.f"*^^=.'^«**"-*«*-^^''' 

^^^ceLeO^lgUl.'"?""".*" "*"" '" ^5'«> "ied'thr^ 



II- Summary of fiscal statis tics 

Budget receipts and STpendltures 

Debt outstanding; 

Public debt 

Public debt and guaranteed oblieations! ! 
Means of financing cash requirements 



III. 



Heeelpts and eacpendltures and appropria t 1 ons 
Appropriations ajid net contract authorizations for the war activities 

program as of month-end preceding month of publication". ?.:!::.! ... 
Budget receipts and expenditures: 

Summary by major classifications 

Analysl a of receipts from internal revenue. 

Analysis of general expenditures 

Analysis of expenditures for war activities 

Analysis of expenditures for (1) revolving fu^sslnd'Cs) "i^ansf^i^s' ' 
to trust accounts, etc >.i~i»ioii> 

Total budget receipts and expenditure^.' ■iy'm;;;h8."fo; 'recent Ve^o^;' 
Receipts and expenditures for trust accounts, increment on gold. etc... 

Means of financing cash requirements beginning I933 

Social Security program! 

Budget receipts and expenditures: 

Social Security Act 

Eallroad Eetirement Act !!.!!!!.' 

Eallroad Unemployment Insurance Act .'!.'!!.'!.'.'.'.'.'.".'.'.'! 

Statement of trust accounts: 

Federal Old-Age and Survivors Insurance Trust Pond 

aailroad Eetirement Account 

Unemployment Trust I\ind 



Cash Income and outgo of the Treasury: 

Analysis by major clasElficationB 

Total cash Income and outgo, by months 'beriiiAi^'with:" 

January 1936 

January 193g .'.'.,. 

IT. General Fund of the Treasury 



Assets, liabilities, and balance in General Fund. 
Analysis of changes in balance of General Pund. . . 



'• Public debt outstan ding 

Debt outstanding, classified ly type of issues! 

Public debt 

Public debt and guaranteed obligations ................ 

Composition of the public debt 

Beceipts and expenditures on account of public debt 
Composition of the public debt and guaranteed obligations' 



2-3 



Peb. 



19lt2 



Jan. Dec. Nov. Oct. 



3-6 



7-g 



Sept . Aug 



6 3 
6 3 



8-9 
10 

10 

11 
11 

12 

12-13 

Ik 

15 



1^15 
75 



10 



5-6 

7 
7 



13-lU 



July 



9 17 
9-10 17-ig 



19-20 



16-17 



5-6 

7 
7 

8 

8 

9 
9-10 

11 

12 



22-23 
71-73 



June 



3 3 
3 3 



21* 
2lt-25 



15 
15 
15 

iS 
16-17 



5-6 

7 
7 



9 
9-10 

11 

12 



(Continued on following page) 



15 
15 
15 

16 
16-17 



5-6 

7 
7 



9 
9-10 

11 

12 



5-6 

7 
7 

8 



9 
9-10 

11 

12 



May 



5-6 



21-22 



5-6 

7 
7 



9-10 

11 

12 



9 9 
9-10 

11 

12 



16 

16-17 



16 
16-17 



16 
16-17 



16 
16-17 



6 
6 
7 
7 

8 
8-9 

10 

11 



22 



15 
15-16 



22-23 

41 



23 



5 

I 
6 

7 
7-8 

9 

10 



ll* 
lu-15 



23-2U 
k2 



20 



Apr. 



8-71 



5 

5 
6 
6 

7 
7-8 

9 

10 



11 

12 
12 

13 
13 
13 



11+ 
lU-15 



17 
18 



20-21 
39 



20-21 
1+0 



Bulletin of the Treasury Department, March 1943 
Cumulative Table of Contents - (Continued) 



V PaWlc debt outstanding (continued) 
' n.»t ,>o.itlon of tb. United Statei nnd«r llmltatloni Imposed Hy 
^c?lo"2ro?tr Second Liberty Bond Act. a. a».nd«d: 

March 31 . 1?'*2 

June 30. 19'*2 

September 30. 19'*2 

Deceober 31. 19'*2 

CoBpnted rate of Intereet on the debt: 

Public debt • 

Public debt and guaranteed obligation*. 



I9U3 



Mar. 



Maturity schedule of Intere.t-bearlng public marketable ..curl tl.. 
l"u«d or guaranteed by the United State., a. of .onth-.nd 

preceding month of publication 

Offering, of marketable l.eu.. of Trea«ry bond., note., and 
certificate, of Indebtedne.. beginning with: 

January 1. 1938 

January 1. 1939 

Offerings of Treasury bill, beginning with: 

Mar ch 1 . 19'*1 *. '. ! 

ipril 1. 19'*1 

May 1, 19'*1 

June 1. ig'*! 

July 1. 19'*1 

August 1. ig'n-- \\\ , 

September 1. 19'*1 

October 1 . 19'*1 

Hovember 1. Vjkl _ 

December 1. 19^1 

January 1. 19'^2 '.'.'.. 

lebruary 1. 19'*2 

Sales of United States saTlnga bonds: 

Summary, by series '," " I'lllL 

Sales reported by series, classified by denomination. 

1^,1 All?t,6. by series, classified by type of purchaser 

Sales reported by series. <=1"»^'1«* ^y,^***";,: •;:::::• ";i;^" 
Participation in payroll savings plans for "'^*»*_^*'*"_ _°f . 

tondB 

Sales of United States savings stamps: 

Suioaary 

Grose sales, classified by denomination.... 

Eedemptlons. classified by means of payment 

arose sales, classified by States 

Sales of tax series Treasury notes: 

lrrr;po^t:rv..ries:-;ia;;ifi.i'ird.;;;i^uon^:;.:""- 

sties reported by series, classified by ^r^Jl^^^'" '. 

Redemptions by series, classified by means of payment 



Ut. 



28 



29-30 



VI. Ownership of OoTemment secu rities 

Summary distribution, by holders , of ..cnrlti.. l.sued or ^'^^"^ 

by the United State. 

Market transactions in Oov.mment eecurlties for Tream^ry investment 

accounts, monthly beginning January 1937 

9u™«^ data from Treasury survey of the ownership of Government 

securities: 

rebruary 28. 19'»2 

March 31. 19'*2 

April 30. 19'*2 

May 31. igl^ , 

June 30. 19'*2 

July 31. IS"*? 

August 31. 19'*2 .... 

September 30. 19'*2 

October 31 . 19'»2 '. . 

Hovember 30, 19'*2 

December 3I. l^^Z 

January 31. 19'*3 1^ 



Jan. 



Issue and page number 
19'« 



Deo. 



25 



26-27 



31 



33 



3'* 



35-36 



Hov. 



Oct. 



Sept. 



25 25 



26-27 



28 



37 



28 



26-27 



28 



25 



26 



Aug. 



July 



June 



27 25 



27-28 28-29 



29 



32 

33-3'+ 
35 



.... 38.. 

29 •■ 



29 



29 



30-31 

32 



36-37 

38 

39 
39 

39 
Uo 



33-3'* 
35 

36 
36 
37 

38 

39 
Uo 
Ui 



39-ito 
Ul 



m 

i>6 



30-31 
32 



33-3»* 
35 

1 36 
37 



30 



2lV 



1»1 1*2 



May Apr. 



26-27 



25-26 



30 28 



31 



30-31 31-32 
32 ~" 



35-36 
37 



1*3 
"♦3 



U7-52 



1A-1*9 



53-58 



liU-Ug 



33-3»* 
35 

36 
37 

38 

hi 



25-26 



29 



27 27 



. . . 28 
28 



39 



22-23 



22 



iw 



23-2U 



2U 25 



32-33 30-31 

3i» 32 

35 , 33 

36-37 3'*-35 

38 36 



UM»9 



1*6-51 



39 
39 

39 
Uol 

IS 



U7-52 



29-30 
31 
32 



25 



26 



1*5-50 



29-30 
31 
32 



33-3'* 33-35 



26-27 
28 

29 
30-32 



27-28 
29 
30 

31-33 



36 33 

36 33 

36 3r 

37 3' 



371 38 
38 39 

2^1 k 



ltM*9 .. 



uu 

1 1*5-50 



l»2-i»7 



31* 
3>* 
35 

36 
37 
38 
39 



1*2 

1*2 
1*3-1*8 



(Continued on following pag«) 



Bulletin of the Treasury Department, March 1943 
Cumulative Table of Contents - (Continued) 



^"- Prices and yleldt of Govarnment gecurltlee (Inclu ding securities 
Issued by Federal agencies ) " 

Over-the-counter closing quotations and price history for public 
marketable securities issued by the U. S. Government and by 
Federal a^neies, as of: 

The 15th of the month of publication 

The month-end preceding month of publication. .'.'.'.'.'.'...'.'....,'.'.'.',... 
Chart showing yields of Individual issues of Treasury bonds and 
notes 

Average yields of long-term Treasuiy bonds and high-grade corporate bonds 
beglnnli^ with: 

January 193!+ 

January 1935 

T"I- OoTernment corporations and credit agencies of the United States 
Assets and liabilities and proprietary Interest: 

February 28, igUs 

March 31 , igUs '..'.'.'. 

April 30. 191*2 ',',", 

May 31 , 191*2 .'.'"_■ 

June 30, 191*2 '/[ 

July 31, 191*2 .!!!.!!! 

August 31, 191*2 !!..!!...!!!!!!.! 

September 30, 1.91*2 \[[[ 

October 31, 191*2 '.."!!!.'!!!!!!!.'.'.'!.' 

November 30, 19U2 ] 

December 31, 191*2 ""."!!!.'!!!!!!!!!."!!!! 

January 31, 19U3 !.'!.'!!!!!.'!!!! 

Sources and uses of funds: 

Fiscal year to date 

From inception of organisation " 



191*3 



Har. 



Amount of obligations outstanding guaranteed by the United States 
by agencies ' 

Financing operations In securities guaranteed by the United States 
beginning with 193I* '_ ' 



IX. Internal revenue statistics 

Collections of Internal revenue: 

luminary data 

Comparative details for current period*. 



Sold and silver statistics 

Gold assets and liabilities of the Treasury 

Increment fJrom reduction In weight of gold dollar, cumulative to: 
Seoember 3I, igUl 

June 30, 191*2 i . i i .".'!!!!!!!!!!.*!!!!! ! 

September 30, I9U2 !!!!!!!!!" 

December 3I , 19i*2 !!!.'!!.*!!! i ! i i ."[ ] 

Treasury gold receipts, for recent quarterly periods 

Monetary stocks of gold and silver 

Components of silver monetary stock 

Silver of specified classifications acquired ly mints and assay offlc 

Seigniorage on silver, by types 

Silver production, by countries 



XI' Other Treasury statisti cs 

Balance sheet of the Exchange Stablllratlon IVind: 

December 31 , 19I+I 

March 31 , iql*2 !!.!!!.*! 

June 30, i9i*2 !"!!!!!.'!!!!!!!!!!!! 

September 30, 191*2 *.."!!!!.'.'!!.'!!! 

^^^Oapltal movements between the United States and foreign countries. 



Note: 



5i*-56 
57 



Feb. 



51-53 



58-59 



Jan. 



Issue and page number 



191*2 



Dec. 



55-56 



61-62 

63-6I* 
65-66 

25 



60-62 
63 

6I+-65 



51-53 

5^ 
55-56 



Oct. 



Sept, 



A\ig. 



51-53 

5^ 

55-56 



53-55 

56 

57-58 



51*- 56 

57 

58-59 



July 



52-5^ 

55 

56-57 



58-59 



60-61 
62-63 

22 



6S-69 
70 



72 



67-68 



69-70 
71-72 

30 



58-59 



6o-6i 
62-63 



65-66 7l*-75 
67 76 



69 



78 



78 



58-59 



60-61 
62-63 



60-61 



62-63 
6i*-65 

22 



61-62 



63-6I* 
65-66 

21* 



51-53 

5^ 
55-56 



June 



May 



Apr. 



59-60 



65-66 
67 



69 



76 73 



IVlllll aSoJIn'"'' " '" indicated that the figures are rounded 



82-83 
81* 



69-70 
71 
71 
72 
72 



65-66 
67 



69 



69 
69 

69-70 
71 
71 

72 

72 



67-68 

69 



71 



76 



7'+ 



71-72 
73 

73 
71* 
7^ 



68-69 
70 



75 



61-62 
63-61* 

22 



58-59 



52-54 

55 

56-57 



1*9-51 
52 

53-51+ 



59-60 



76-77 
78 



75-76 
77 
77 
78 
78 



66-67 
68 



70 

70 

70 
70-71 
72 
72 
73 
73 



6o-6i 
62-63 

61* 

61* 



66-67 
68 



70 



75 



70-71 
72 
72 
73 
73 



61-62 
63-6I* 

65 

65 



67-6S 
69 



50-52 
53 

5U-55 



56-57 



57-58 



59-60 
61-62 

63 

63 



71 



75-76 
77 



71-72 
73 
73 
71* 
7'* 



6i*-65 65-66 
66 67 



68 



68 



68 
68-69 
70 
70 
71 
71 



73 



76 73 



73-7^ 
75 
75 
76. 
76 



78-79 



80 



to a given unit, the details win not necessarily add to 



f- 



-1- 



i^'h 



i^. 



SPECIAL ARTICLES 



Distribution of Bank Deposits by Federal Reserve Districts and by States 

As of December 31, 1941 and 1942 
Coneistfl of Deposits of Individuals. Partnerships, and Corporations 
Excludes Interbank and Governmental Deposits 



(In millions of dollars) 




Axkani&a 

Ullnoli 1/ 
Indiana 1/ 
Eentuclcy 1/ 
Ml«»lsilp?l 1/ 
Missouri 1/... 
Tennessee l/- • 



Total 



(Continued on following page) 



Distribution of Bank Deposits by Federal Reserve Districts and by States 
As of December 31, 1041 and 1942 - (Continued) 

Consists of Deposits of Individuals, Partnerships, and Corporations 
Excludes Interbank and Governmental Deposits 

(In millions of dollars) 



Federal Reserve District 
and State 



District No. 9 - Minneapolis 



Michigan l/.. 
Minnesota. . . . 

Montana 

North Dakota. 
South Dakota. 
Wisconsin l/. 
Total 



Total deposits 



Doc. 31, 
I9U1 



District No. 10 - Kansas City 



Colorado 

Kansas 

Missouri 1/.. . 

Nebraska 

New Mexico l/. 
Oklahoma 1/ . . . 

Wyoming 

Total 



District No. H - Dallas 



Arizona l/. . . . 
Louisiana l/. . 
New Mexico \J . 
Oklahoma ij ... 
Texas 



Total 

District No. 12 



San Francisco 



Arizona l/. 
California. 

Idaho 

Nevada 

Oregon 

Utah 

Washington. 
Total 



Total all Districts. 



60 
882 
IU6 
106 

95 

102 



Dec. 31, 
I9U2 



1.390 



327 
368 
332 

283 

3t 

352 

66 



1,761 



33 

107 

26 

7 

1.399 



1.572 



59 
It. 257 

101 

lA 

379 
151 

685 



5.675 



63,688 



70 
.056 

203 

163 

129 



1.765 

557 

U38 

49 

1462 

85 



zM'^ 



1^6 

139 

^5 

11 

1,91+0 



2,181 



97 

5.50'* 

15U 

67 
561* 

224 
1,018 



7.629 



7'*.318 



Increase 



10 
I7I+ 
56 
58 
I19 
27 



375 



117 
189 
116 
155 

16 
110 

20 



724 



13 
32 

19 

541 



609 



39 

1.21*7 

53 

23 

185 

73 
33'* 



1.95^* 



10,629 



Demand deposits 



Dec. 31, 
1941 



21 

483 
107 

72 
64 
44 



Dec. 31, 
1942 



30 
702 
161 

127 
111 

64 



790 
236 

287 
270 
221 

22 
281 

44 



1,360 



20 

79 

22 

6 
.191 



1.318 

42 

2.053 

68 

26 

239 

85 

'^13 

2,926 

37.708 



1,196 



31*5 
472 
383 
372 

36 
398 

63 



2,069 



32 

111 

41 

10 

.738 



1.932 



77 

3.105 

118 

46 
398 
147 
695 



4,584 



1*7.778 



Increase 



9 

219 

55 

55 

47 

21 

To6" 



109 

186 

112 

151 

14 

117 

19 

709 



12 

33 

19 

4 

546 

"614" 



35 
.051 

50 

19 
159 

62 

281 



1.659 



10,070 



Time deposits 



Dec. 31, 
1941 



38 

399 

40 

3^* 

31 
58 



Dec. 31, 
1942 



600 



91 
81 
62 
62 
11 
71 
22 



401 



13 

28 

4 

1 

207 



254 



17 
,204 

33 

18 
l4o 

66 
271 



2.749 



25.981 



40 
353 
42 
36 
33 
65 



569 



100 

84 

66 
66 

13 

64 

22 



Increase 



1 

^5 
2 

3 

2 
6 



4l6 



14 

27 

4 

1 

203 



249 



20 

2.399 
36 
22 

166 
77 

324 

3,044 



26,540 



-31 



3 
4 
4 
2 
-7 



15 



1 
-1 



-5 
-4 



3 

196 

3 

4 

25 
12 
52 



295 



559 



Source: 



Compiled by the Treasury Department from county tabulations prepared 
the Federal Deposit Insurance Corporation, and the State Bank Supervi 



by the Comptroller 
sory Authorities. 



of the Currency, the Federal Reserve Banks, 



• Less than $500,000. 

1/ Sixteen States are divided between Federal Reserve Districts as follows: 



State 


Federal Reserve 
Districts 


State 


Federal Reserve 
Districts 


State 


Federal Reserve 
Districts 


State 


Federal Reserve 
Districts 


Arizona 

Connecticut. . . 

Illinois 

Indiana 


11 and 12 
1 and 2 
7 and 8 
7 and 8 


Kentucky 

Louisiana 

Michigan 

Mississippi. . . 


4 and 8 

6 and 11 

7 and 9 
6 and 8 


Missouri 

New Jersey. . . . 
New Mexl co . . . . 
Oklahoma 


8 and 10 

2 and 3 

10 and 11 

10 and 11 


Pennsylvania. . 

Tennessee 

West Virginia. 
Wisconsin 


3 and 4 

6 and 8 

4 and 5 

7 and 9 



SUMMARY OF FISCAL STATISTICS 



-^^- 



//■ 



Budget Receipts and Expenditures 



( Iq millions of dollars) 



First 8 months, 
fiscal years I9UI to l')k} 



191*1 



191*2 



191*3 



Change 

191*2 

to 

191*3 



Complete fiscal years, I9U0 to 191*1* 



191*0 



191*1 



191*2 



Istioated 1/ 



191*3 



191*1* 

£/ 



Chan^ 



Actual 

191*2 to 

sstlnatad 

I9U3 1/ 



Estimated 

I9I+3 to 
estimated 
191*1* 1/ 2/ 



Beceipts: 

Internal rerenas: 

Income and profits tasas ^J 

Employment taxes 

Miscellaneous Internal revenue U/. 

Customs 

Other receipts 



1,208 
651* 

1.931 
223 
265 



2,21*0 

83U 

2.610 

257 

179 



5.617 
1.061* 

3.1,21 

190 
320 



+3.377 

+230 

+511 

-77 

+11*1 



2,125 

833 

2.31*5 
31*9 

273 



3.'*70 
925 

2.967 
392 
515 



7.960 

i,is6 

3.8'*7 

389 

286 



17.571 

1,U62 

it.516 

253 

751 



27.61*5 
1.971 
'♦.936 

20l* 
651 



Total receipts. 



1*,281 



6.130 



10,312 



+1*.182 



5.925 



8,269 



13,668 



21*, 552 



35.'W7 



+9,611 
+276 
+669 
-136 
+1*65 

+10,881* 



Less: 
Amounts transferred to Federal 01d-^A^ 

and SuTTlTors Insurance Trust Fund 5/. 

Post-var credits for excess profits tax, 

Tietory tax, etc 



'♦75 



629 



799 



+170 



538 



661 



1,076 
500 



1.525 

800 



+207 
+500 



Het receipts 

Ixpendltures: 6/ 
Var activities: 

War Oepar tnent 

Navy Department 

Miscellaneous var aetiritles jj . 



3,806 



5.502 



9.513 



+1*,0H 



5,3«7 



7.607 



12,799 



22,976 



33.081 



+10.177 



1.61*3 

1.269 

11*9 



7.186 
3.917 
1.1*72 



27.272 

11.503 

5.056 



+20,086 

+7,586 
+3.581* 



667 
891 
99 



3.678 

2.313 

310 



ii*,070 

8,580 

3.362 



1*1*. 000 

17.500 
12,500 



62,000 
22,000 
13,000 



+29,930 
+8,920 

+9,138 



Total war activities. 



Veterans' Administration 8/ 

Public Works ^ 

Aid to agriculture 10/ 

Social Security program 12/ 

Direct and work relief: 

Work Projects Administration and 

National Youth Administration 13/ 

Federal Emergency Relief Administration 

and Civil Works Administration 

Clrllian Conservation Corps 

Interest on the public debt 

Other ll*/ 

Total expenditures 6/ 

Net budget deficit 6/ 



3,061 
368 
5'*3 
717 
1*29 



906 



175 
536 
592 



12.576 

369 

1*70 
860 

1*79 



687 



127 
569 
601 



1*3.830 

1*02 

395 

71*1* 
550 



261 



-1* 
806 
611 



+31.251* 

+33 

-75 

-116 

+71 



-1*26 



-131 

+237 

+10 



1.657 

557 

950 

1.559 

513 



1.572 

1 

283 

l,Ol*l 

866 



6,301 

563 
738 

937li/ 
588 



i.37'» 



257 
1,111 

8l*l 



26,011 

556 

680 

1,225 

659 



970 

163 

1.260 
873 



71*. 000 

617 

666 

1,11*2 

755 



300 



16 
1,850 

1.086 



97.000 
885 

1*03 

1.015 

786 



+1*7,989 

+61 
-lU 
-83 

+96 



-670 



3.000 
1.035 



-l'+7 
+590 
+213 



7.327 



16.739 



'*7.597 



+30.858 



8.998 



12.711 



32.397 



80,1*32 



10l*,12l* 



+'♦8,035 



3.521 



11,238 



38,085 



+26,81*7 



3,611 



5.103 



19.598 



57. '+56 



71.01*3 



+37,858 



+10.071* 

+509 

+1*20 

-1*9 

-100 

+10,855 



+1*1*9 
+300 



+10,105 



+18,000 

+i*,500 
+500 



+23,000 

+a6s 

-263 

-127 

+31 



-300 

-16 

+1.150 

-51 



+23,692 
+13.587 



Source; Daily Treasury Statements, except as noted. 10/ 

1/ Estlmatea as shown in the igl*^ Budget. 
2/ Does not include proposal for $16,000,000,000 additional funds from 

new legislation for the fiscal year igW*. 
3/ Includes unjust enrichment tax and victory tax. 
y Includes ehiefly alcoholic beverage taxes, tobacco taxes, manTifac- 11/ 

turers' and retailers' excise taxes, and estate taxes. 
5/ For explanations, see tables in next chapter on Social Security 12/ 

program. 
6/ Excludes expenditures for public debt retirements which are charge- 
able to the sinking fund, etc. under special provisions of law. 
2/ Includes expenditures made by Office for Emergency Management , War 

Manpower Commission (U. S. Employment Service). 1^/ 

8/ Includes expenditures classified as transfers to trust accounts, 

etc., for the Adjusted Service Certificate Fund and the National Ij*/ 

Service Life Insurance Fund. 
2/ Includes Public Works transactions classified as Hevolving Funds (net). 



Includes Aid to agriculture transactions classified as Revolving Ponds 
(net), expenditures of the Department of Agriculture classified as 
Departmental in the Daily Treasury Statement, and Agricultural 
Marketing Administration transactions classified as transfers to 
trust accOTints, etc. 

Represents gross expenditures of $1,252 millions less repayments of 
U. S. investments in capital funds aggregating $315 millions. 
Includes expenditures classified as transfers to trust accounts, etc. 
for the Railroad Retirement Account and the Railroad Unemployment 
Insurance Administration Fund. Excludes expenditures made by Office 
for acergency Managenent, War Manpower Commission (U. S. Employment 
Service) under authority of the Social Security Act. 
Beginning July 191*2 expenditures for National Youth Administration 
are shown iinder War activities. 

Includes departmental expenditures not otherwise classified and 
expenditures classified as transfers to trust accounts, etc., for 
Government employee retirement and insurance funds. 



Public Debt and Guaranteed Obligations Outstanding 

(In Blllloni of dollare) 



Securities lianad ty the Onltad Statea 
Intereet-bearlng debt: 



Public l68ue«: 

Marketable 

Hon-narke table 

Total public IsBues 

Special Issues 

Total Interest-bearln* debt. 



Matured debt and debt bearing 210 
Interest 



Total public debt outstanding.. 

Securities guaranteed by the 
United States 3/ 

Interest-bearing debt: 
Public Issues: 

Marketable 

Non-oarketable ■ 

Total Interest-bearing debt.. 



Ind of first 8 months 
fiscal years I9U1 to I9U3 



Feb. 28, 
I9UI 



Matured debt 

Total gnaranteed securities outstanding 

Total public debt and guaranteed 
securities outstanding. 



36,275 
3.727 



U0,002 



Teb. 28, 
19^2 



U3.7OO 
ll.OOU 



'^5.535 
55^ 



1*6.090 



5.901 



5.901 
13 



5^.705 
7.190 



61.895 

1*86 



reb. 28, 
191+3 



78,726 

2i».56o 



103,286 

9.565 



Change 
7eb. 28. 

igUa to 

reb. 28, 
191*3 



+35.026 
+13.556 



62,381 



5.673 



5.91'* 



52.001* 



5.673 

23 



5.696 



112,851 

1,173 



+1*8,581 

+2,375 



lll*,02l* 



1*.196 
I2_ 



»*,275 

12 



68.077 



'♦,287 



+50.956 

+687 



+51.61*3 



-l.'*77 

+79 



-1,39s 
-11 



-i.'wg 



118. 311 



Ind of fiscal years, I9U0 to 191+lt 



Actual 



Jna* 30, 
191*0 



Jona 30 
191*1 



3l*,l436 
3,166 



37.602 
'♦.775 



+50, 231* 



"♦2,376 
591 



1+2, 968 



Jxme 30 
191*2 



3"?. 713 

'♦.555 



1*2.267 

6.120 



1*8.387 

57U 



1*8,961 



50.573 
13,510 



61*, 083 
7.885 



Istlnated 1/ 



June 30, 

l9'+3 



71,968 
U51* 



June 30. 
19UI* 



Change 



Actual 
June 30, 191*2 
to estlnated 
June 30, ,19'+3 



5,1*98 



5.1*98 
31 



5.529 



1*8,1*96 



6.360 



6,360 
11 



6,370 



72.1*22 



i».5l*9 



i*,5i*9 

20 



H.568 



76.991 



13"*, 830 



210,51*9 



2/ 



Istlmated 
June 30, 191*3 
to estlnated 
June 30, .191*1* 



2/ 



+62,1*08 



3.910 



i33,7'+o 



1.195 



2li,7'^5 



2/ 
U 



-658 



+6l,7'+9 






2/ 



+75,719 



2/ 
2/ 



-2,715 



+73,005 



Source: Dally Treasury Statenent, except as noted. 

1/ Based upon estimates as shown In the 19^4 Budget. 
2/ Details not available. 



j/ Excludes guaranteed securities »hloh were eold directly to the 
Treasury . 



AjBount reqxilred to be financed: 

Bet budget deficit 2/ 

Het Increase in Oeneral Tund balance.... 
Het expenditures In trust accounts. 
Increment on gold, etc. J/ 

Total amount required to be financed.... 



Meana of financing: 



Increase In public debt 

Het decrease In Ooneral Fund balance... 

■et receipts in trust accounts, 

incremant on gold, etc. i/ 

Total amount financed 



Means of Financing Cash Requirements 

(In ■lllions of dollars) 



First 8 months 
fiscal years 191*1 to 191*3 



191*1 



3,521 



3.521 



3.122 
190 

209 



3.521 



191*2 



11,238 
929 

1.252 



13. '♦19 



13. '♦19 



■iS^l 



13,1*19 



Source: Dally Troaeury Statements. 

1/ Based upon estimates as shown In the l°i^^ Budget. 
2/ Ixcludes amounts for public debt retirements which are charge- 
able to the sinking fund, etc. under special provisions of law. 



38,085 
2.1*01 

1,115 



1*1,601 



Ul,601 



1*1,601 



191*0 



3.611 



3.611 



2,528 
91*7 

136 



3,611 



Complete fiscal years, 19l*0 to igUU 



Actual 



191*1 



5.103 

71*2 

ll*8 



5.99'^ 



5.99U 



5.99'^ 



191*2 



19.598 
358 

3.506 



23,1*61 



23,1*61 



23,1*61 



Estimated 1/ 



19'^3 



57.'+56 



5.053 



62,510 



62,1«D8 
102 



191*1* 



71. 01*3 
1+.739 



75,782 



62,510 



75.719 
63 



75.782 



3/ Comprises trust accounts, checking accounts of Oovemment agencies, 
etc.. Increment on gold, seigniorage on silver, and miscellaneous 
funds and accounts. Increment on gold excludes exijenditures for 
national bank note retirements. 



RECEIPTS AND EXPENDITURES 

AND 
APPRO PRI AT IONS 



-7- 



ff-.'} 



Appropriations and Net Contract Authorizations for the War Activities Program 

As of February 28, 1943^ 



Date 
approved 



Mar. 25. 
Apr. 18. 
May l^*. 
June 11. 
June 13. 
June 18 , 
June 2U, 
June 26, 
June 26, 
June 27. 
July 18. 
July 19. 
Sept. 9. 
Sept.ZU, 
Oct. g. 
Oct. 9. 
Oct. lU. 



19'*0 

ig"*© 

19>*0 
19UO 
19'<0 

igito 
ig**© 

ig"*© 
igito 
19U0 
ig^w 
19'to 
19IW 
ig'w 
19U0 







Jan. 


31. 


Teb. 




t»h. 


13. 


Mar. 




Mar. 


17. 


Mar. 
Adt. 


27. 



ipr. 5. 

Apr. 5. 

May 6, 

May 2^. 

May 21*. 

May 31. 

June 28. 

June 28, 

June 30 > 

July 1, 
July 3. 

Au«. 25. 

Oct. 28. 



19HI 
191*1 

ig"*! 
igui 
ig>n 
igUi 
19U1 
19U1 
igi*i 
igUi 
igw 
igi+i 
igui 
igUi 
igui 
igui 
igUi 
igui 
igUi 
igwi 



Dec. 17. ig**- 

Dec. 23. igUl 



Jan. 30. 
Teb. 7. 
Teb. 12, 
Teb. 21. 
Mar. 5. 
Apr. 28, 
Apr. 28, 
June 3> 
June ig, 
June 23, 
June 27, 
July 2, 
July 2, 
July 2, 
July 2. 
July 2, 
July 2, 
July 2, 
July 25. 
Aug. 6, 
Oct. 26, 



19U2 
19'*2 
igU2 

igte 
igU2 
igU2 
igus 
igi*2 
igi*2 
igus 
igU2 
igU2 
igU2 
igi»2 
ig'*2 
igU2 

19U2 

19U2 

19'*2 
19U2 
19U2 



Public 
Law No. 



Title of act 



Appropriation! 



Net contract 
authorizatlone 2/ 



76th Congress, Third Session 



Ul«2 

U5g 

5O8 
588 
611 
6U0 
653 
667 
88 2/ 

668 

gti/ 

757 
781 
99 2/ 

800 
812 
1062/ 



U 

5 
6 
9 
13 
23 
25 

28 
29 
U8 
71 

73 
88 

135 

136 
13? 
1U6 
150 
2U7 

282 



353 
371 



kZ2 
UUl 
1*52 

U63 

U7U 
527 
528 

616 
626 

6^ 
6>*5 
6H6 
6U7 
6U8 
6i*9 
650 
678 
700 
763 



Treasury Department Appropriation Act , igW 

Independent Offices impropriation Act, IS"*!; ••;•••■• •;;;; 

Department of Justice Appropriation Act. igUl (Title III) 

Navy Department Appropriation Act, I9UI 

Military Appropriation Act, I9UI •• 

Interior Department ^propriation Act, I9IH 

War Department Clril Appropriation Act , ig^l • • ■ ■ 

Civil Aetlvitlee National Defense Appropriation Act, igtl ■ 

anergency Relief Appropriation Act, I9UI (refugee relief) 

Second Deficiency 4>P'™P'"1»*1'"' ^*' '^^'^•- 

Public Resolution (Wax Risk Insurance Fund) 

Public Law (naval expansion program) • • • • 

Second Supplemental National Defense ^propriation Act, l?"*!" •••••••;■• •": 

Public Resolution (War Department - military posts and acquisition of land) 

Third S\:q)plemental National Defense i^ropriation Act, 1941 

First Sxqjplemental Civil Functions Appropriation Act, igW 

Public Resolution (national defense housing) 

Total , 76th Congress, Third Session 



77th Congress, First Session 



77th Congress, Second Session 



53.965.035 

11+9,500.000 

2,>*88,00O 

1,308,171.138 

i,i*9g,323,322 

Ug5,ooo 

15,000,000 

i,'*7U,goi.057 
50,000.000 
17.656.900 

1*0,000.000 

2, U97 ,016,392 
338.26^,902 

l,323,l»lU.082 

11*8,821,000 

75,000,000 



$ 8,ggi*,oi5.828 



Public Law (naval expansion program) • 

Joint Resolution (emergency ship construction) • 

Joint Resolution (clothing and equipage - War Department) 

Urgent Deficiency Appropriation Act , igUl 1 " ' ' :':'*,';i',i 

Fourth Si5>plemental National Defense Appropriation Act, 1941 

Defense Aid Sxtpplemental Appropriation Act , igUl 

First Deficiency Appropriation Act, igUl.. 

Independent Offices Appropriation Act, igl*2 •••• 

Fifth Supplemental National Defense Appropriation Act, ig'H 

Navy Department impropriation Act, igit2.... 

War Department Civil Appropriation Act , ig'*2 • • • 

Additional Urgent Deficiency Appropriation Act, igW 

Treasury Department Appropriation Act, 1942 ' ' : 'li' ' ■lI*"iQho 

Departments of Justice, State and Coimerce Appropriation Act, ly-tz 

Interior Department Appropriation Act. 19U2 

Military Appropriation Act. ig**? ••• 

Labor - Federal Security Appropriation Act, 19t2 

Second Deficiency ^propriation Act, 19'*1- •••••••••••• ••••; 

First S\q)pl8Bental National Defense Appropriation Act, 19^2 

Second Supplemental National Defense ^proprlatlon Act. igi»2: 

(Title I) ■ ■ ■_ 

Third Siaiplemental National Defense impropriation Act, 19'*2-'- 

Joint Resolution (War, Philippine relief, and defense housing).... 

Total. 77th Congress, First Session 



313,500.000 

175,000,000 

6.OU7.775 

i,376,U6i*,602 

7,000.000,000 

iii*.U58,i»6g 

399.360,000 

2,2g3,227,g20 

3,Ui5,52i.750 

37.g20,370 

168,556,000 

62,ig3.l50 

129,227.750 

2.035.000 

10, 38U, 821,621* 

173,168,500 
99g,g9i*.56i 

6,580,012,14*8 

5.985,000,000 
159.005.585 

9,112.021,gl*7 

510,000,000 



$ Ug. 396,1*37.1+50 



Fourth Supplemental National Defense Appropriation Act, I9U2 

Naval Appropriation Act . 19'»3 6/ • 

Joint Resolution (financial aid to China) 

First Deficiency improp'^a^^o" *°*' ^5'*2- •••••••••••••• •••; 

Fifth Supplemental National Defense Appropriation Act, 194Z 

War Department Civil Appropriation Act. I9U3 

Sixth Sx^plemental National Defense impropriation «=t, 1942 

Joint Resolution (War Risk Insurance Fund) 

Joint Resolution (education and training) .""/l" Ik!,'',' ^Y " 

Seventh Supplemental National Defense Appropriation Act. 1942 JJ... 

Independent Offices Appropriation Act. igU3. ; ■:,■■■■;:;■ 'iAi;;' 

Departments of Justice, State and Commerce Appropriation Act, I943, 

Department of the Interior Appropriation Act. IW ■ 

Public Law (Federal Works Agency - publ le roads) 

Labor - Federal Security Appropriation Act. igi*3 

Second Deficiency Appropriation Act, igl*2 

Military Appropriation Act, igl*3 ,"\"/'^khn 

War Housing and Public Works Appropriation Act, 1^2....... 

First Supplemental National Defense Appropriation Act, ig'*3 

Public Law (public works - Navy) '.' 1'." ",l"',kh',"g'i" ' 

Second Supplemental National Defense Appropriation Act, igi*3 8/... 

Total , 77th Congress, Second Session 

(Continued on following page) 



12,525 

23.738. 

500, 

135. 

30,1*12, 

57 

18,932 

210 

9 

655 

1,052 

261 

8 



872,1*71* 
865,l*7U 

,000,000 
203.321 

737,900 

,886,985 
,121*. 093 
,000,000 
.500,000 
,071*. 7IK) 
812.001* 
,908,180 
,977.370 



227,726,861* 

10,1*15,078 

1*2.820,003.067 

32.500,000 

i,8it5,23i*,ggo 
6,299,361,1*148 



$139. 736, 203, g88 



« 3.252.639.99'* r U/ 
U7,000,000 h/ 



$ 3.299.639.9g'*r 



I 1(00,000,000 y 

58,000,000 1*/ 



600,000,000 r 5/ 

llw.150.000 



$ 1,198.150,000 r 



$ U, 670,000.000 hj 
2.298.925.617 

150,>100,000 kj 



3.112,900,000 hj 
90,000,000 



110,000,000 



971*. 631*, 000 

9,510,000,000 U/ 
$20,9i6,i*5g,6i7 



Appropriations and Net Contract Authorizations for the War Activities Program 



As of February 28, 1943" 



(Continued) 



Date 
approved 


Public 
Law No. 


Title of act 


Appropriations 


Net contract 
authorizations 2/ 


78th Congress, Plrst Session 






Pending 3/ 

Independent Offices ^proprlatlon BUI, 19I4.U 

Urgent Deficiency Appropriation BUI, 19U3 

First Deficiency ^proprlatlon BUI, 19U3 


$ 1.395.013.569 10/ 

21,160,000 U/ 

it,06l,68l+,998 12/ 


$ 1,210,000.000 1_J/ 


$ 5.1*77.858.567 1]*/ 


$ 1.210,000,000 




Sumuary 






Total, 76th Congress. Third Session 


$ S.99U,015.828 

l*9.396.U37,U50 

139.736,203.988 

37.726.6O8 

63.925.015 


$ 3.299.639.991* r 
1.198.150.000 r 
20.916.1*59.617 


Total, 77th Congress, First Session 


Total, 77th Congress, Second Session* •... • 


Permanent appropriations 1^/ 

Het transfers from other than war activities appropriations 16/ 

TntfO Approved J . . . 4 . 


$198,228,308,889 
5.U77.S58.567 

-1*67.872.81*6 


$25.Ull*,2U9,6ll 
1.210,000.000 


Total pending. 78th Congress, First Session. 


Liquidations of 19I+O and prior contract authorizations 




$203. 238. 29U, 610 


$26.62lt.2l*9,6ll 









r Hevlsed. 8/ 

1/ Consists of appropriations and net contract authorizations available on 2/ 

and after July 1, 191*0. Bxcludes: (l) authorizations of the Recon- 
struction Finance Corporation and its subsidiaries for war purposes, and 
(2) unexpended balances of appropriations on June 30. 19ltO available for 10/ 

BTpendituxe in the fiscal year 191*1. 
2/ Contract authorizations have been reduced by later appropriations which 

were earmarked In authorizing acts for this purpose. 11/ 

3/ Public resolution number. 12/ 

5/ ttiappropriated contract authorizations for the naval expansion program 

are as follows: 13/ 

Public No. 757 (Estimated) $3,252,639,991* 

781 1*7.000.000 lii/ 

1* 1*00 .000 .000 

13 58 ,000 ,000 

M4i 1*, 170, 000, 000 

528 100,000,000 i5/ 

ba6 (Estimated) 2,962,500,000 , 

763 (Estimated) 9.510.000.000 iH/ 

$20.500,139,991* 

5/ Represents the net amount of contractual authority that the President may 
authorize the head of any department or agency of the Government to enter 
Into for the procurement of defense articles, information or services for 
the government of any country whose defense the President deems vital to 
the defense of the United States. 

6/ Includes $9,693,525,500 appropriated and $1*. 170,000. 000 contract authori- 
zations for the fiscal year I9U2. 

2/ Includes $650,000 for the fiscal year 19U1 and $209,1*1*0,000 for the 
fiscal year 191*3, of which $1*1«D,000 was made Immediately available. 



Includes $7,851,1*60 for the fiscal year 19U2. 
Pending appropriations, as used herein, represent war legislation 
reported from the Committee on Appropriations to the floor of the 
House. 

Includes appropriation for the United States Maritime Commission 
of $1,289,780,000 to be available for liquidation of prior con- 
tract authorizations. 

For the War Manpower Commission - Selective Service System. 
Includes $1*. 01)0.000. 000 for the liquidation of contract authoriza- 
tions. 

Reduced by estimated liquidations of $l*,Ol|0.000,000 as provided in 
pending appropriation. 

The President has also submitted requests for the farm labor pro- 
gram amounting to $65,075,000, for the Office of Defense Health and 
Welfare Services in the Office for Emergency Management, $2,973,000; 
and additional authorizations for naval public works. $1,256,607,000. 
Consists of actual e^jproprlations for the fiscal years igltl and 
191*2 and unappropriated receipts for the fiscal year 191+3. 
Includes actual transfer of balances of the Bureau of Marine 
Inspection and Navigation from the Department of Commerce to 
Coast Ouard, Navy, In the amount of $1,153,802 in accordance 
with Executive Order 9O83, dated February 28, I9H2. Also in- 
cludes $2,586,728 received as war contributions under authority 
of the Second War Powers Act; deposits of advance payments made 
by foreign governments to the Defense Aid Special Fund for the 
procurement of defense articles amounting to $31,930,1*50; and 
deposits of $3,918,500 to compensate owners of foreign merchant 
vessels acquired by the Oovemment of the United States in 
accordance with section 902 of the Merchant Marine Act of I936. 



10 



fiscal y«ar 
or fflonth 



1933 

isy^ 

1935 

1936 

1937 

1938 

1939 

1960 

X9'»l 

19'»2 

igUS-February . 
Haireb 



April. 
May... 
June. . 



July 

Jiugjist . . . . 
September. 

October. . . 
HoTember . . 
December . . 



19U3- January . . 
rebruary. 



Budget Receipts and Expenditures 
Table 1.- Summary by Major Classifications 



(In mllllone of dollare) 



Receipt B 



Oroas receipts 



Total 
recelpti 



2.080 
3.116 
3. 800 
U.II6 
5.29>* 
6.2U2 
5.668 
5.925 
8.269 
13,668 

937 
3.5^8 

732 

76^ 

2,'»9U 

79U 

797 

2.528 

6U8 

830 
2,702 

82U 
1.190 



Internal 
revenue 



iJ 



I.60U 
2.6U1 
3.278 

3.513 
U.597 
5.671* 

5,161 
5.303 
7.362 

12.993 

879 
3.'»93 

684 

708 

7U8 
2.'»76 

603 

78U 

2.6U9 

72U 
1.075 



Customs 

2/ 



251 
313 
31*3 
387 
U86 
359 
319 
3U9 
392 
389 

27 
33 

32 
30 

28 
2U 
22 
20 
2U 

23 

2U 

^5 
26 



Other 
receipts 



Less net amounts 
transferred to 

Tederal Old-Age 
and Survivors 

Insurance Trust 
Fund U/ 



225 
162 
179 
216 
210 
208 
188 

273 10/ 

515 11/ 

286 11/ 

31 
22 

16 
26 
1+2 

28 

26 

31 ii/ 

20 

22 

28 

75 
89 



265 
387 

503 
538 

661 
869 

179 

1 
37 

201 
1 

U7 

209 

1 

111 

229 

1 

35 
235 



Source : 



I 

a/ 



10/ 



Dally Treasury Statements. 
Less than $500,000. 

Excludes amounts for public debt retirement which are charge- 
able to the sinking fund, etc. under special provisions of Ian. 
For further details, see Table 2. 

For further datails, see chapter on Customs Statistics in 
December I9UI "Treasury Bulletin". 

For explanation see tables which follow on the Social Security 
program. 

Tor further details, see Table 3- 

For further details, see Table U. ■ ; . -/ 

For further details, see Table 5- ■'^I'o ■" footnotes l*/ and 5/. 
Total expenditures less net receipts. 

EepresentB expenditures for public debt retirements which ere 
chargeable to the sinking fund, etc. under epecial provisions 

Includes partial return of aaounts paid to the Commodity Credit 
Corporation for the restoration of capital Impairment - 
$UU millions; and the retirement of Treasury Investment in 
Federal savings and loan association shares - $10 millions. 



Set 
receipts 



2.080 
3,116 
3,800 
U.II6 

5.029 
5.855 
5.165 
5.387 
7,607 
12,799 

758 
3.5^7 

695 
563 

2.1+92 

7'*7 

587 

2.527 

607 

601 

2.701 

788 

955 



Expenditures 1^ 



Total 
expenditures 



3.86U 
6.011 
7,010 
8,666 

8,177 

7.239 
8.707 
8,998 
12,711 
32.397 
2,629 

3,1*21 

3.753 
3.953 
'*,530 

5,160 
5.215 
5.931 

5.937 
6.363 
6.500 

6,372 
6,119 



General 

5/ 



War ac- 
tivities 
6/ 



2.981 
1+.908 
5,900 
5.935 
6.U37 

5 .851* 

7.221 
7.055 

6,215 12/ 
5.986 

1+12 

591 

i»67 
393 
700 

>*13 
312 

510+ 

1+01 
320 
651* 

'3^ 



680 

531 

689 
900 
929 

1.029 
1,206 
1.657 
6,301 
26.011 

2,208 
2,809 

3.238 
3.560 
3.829 

U,i*98 
l+,88l+ 
5.381+ 

5,1*81 
6,Ol*2 

5,825 

5.9'*7 
5.770 



Revolving 

funds 

(net) 

1/ 



71* 
U96 
3H5 

11 
20U 
121 

92 

5U 
-136 12/ 
18 




-3 

« 

-2 



129 

77 
76 

1.820 
608 
225 
187 
232 
331 
381 

9 

22 

1*8 

* 

1 
21*9 

19 

5 
56 

3 
25 

35 
2 



Net 

budget 

deficit 

8/ 



1.781* 
2,896 

3.209 
U.550 

3.1'*9 
1,38U 
3.5'*2 
3.611 
5.103 
19.598 

1.871 

-126 

3.058 
5.391 
2.037 
U,i+13 
U.628 
3, 1*01+ 

5.331 
5.761 

3.799 

5.5** 
5.16I* 



Public 

debt 
retire- 
ments 



2/ 



U62 
360 
571* 
U03 

101+ 

65 

58 

129 

6it 
95 

1 
15 

2 

2 
1 
2 



11/ 



12/ 



12/ 



Includes recoveries of U. S. investments in capital funds as 
follows: Eeconstruction Finance Corporation stock retired - 
$175 millions; Federal Home Loan Bank stock (resold to Eecon- 
struction Finance Corporation) - $125 millions; retirement of 
Treasury Investment in Federal savings and loan association 
shares - $10 millions; sale to Eeconstruction Finance Corpora- 
tion of bonds held by Public Works Administration - $9 millions. 
Receipts from capital stock and paid-in surplus reductions that 
are available to be reissued aidor existing law are not re- 
flected under receipts, but rather are included as negative 
items under expenditures. During the fiscal year I9I+I. reduc- 
tions in capital in this manner were as follows: Under general 
expenditures: Banks for cooperatives - $60 millions, and 
Federal land banks - $100 millions; under revolving funds: 
Federal Farm Mortgage Corporation - $100 millions. Federal in- 
termediate credit banks - $1*0 millions, and production credit 
corporations - $15 millions: a total of $315 millions. 
Includes $18 millions in the fiscal year 19l*2 and $10 millions 
in the month of September 19^*2 representing partial return of 
amounts paid to the Commodity Credit Corporation for restoration 
of capital impairment. 



Table 2.- Analysis of Receipts from Internal Revenue^/ 



Fiscal year 
or month 



1933 

193'* 

1935 

1936 

1937 

1938 

1939 

191*0 

191*1 

191*2 

19U2- February . 
March 



Aprl 1 . 
May. .. 
Jtine . . 



July 

August . . . ■ 

September . 

October. . . 
Hovember. . 
December . . 

I9U3- January. . . 
February . . 



(In millions of dollars) 



Total 



Income 

and 
profits 
taxes 2/ 



I.60U 
2.6U1 
3.278 
3.513 
U.597 
5.671* 
5.161 
5.303 
7.362 

12.993 

879 
3.'*93 

68>* 

708 

2.1*21* 

7I+2 

71*8 

2.1*76 

603 

78U 

2,61+9 

721* 

1.075 



7U6 

818 
1.099 
1,U27 
2.163 
2,6U0 
2,189 
2.125 

3.'*70 
7.960 

283 

3.C83 

335 
216 

2,086 

273 

155 

2.126 

206 

199 

1.972 
306 
380 



Total 



Employment taxes 



Social security taxes ^ 



Federal Insurance 
Contributions Act 
(Old-age insurance 



Federal UneraployTnent 

Tax Act 

(Unemployment insurance) 



253 

755 
71*0 
833 
925 

1.186 

257 

1*6 

1*3 
222 

1*0 

55 

232 

1+1 

U8 

21*8 

1*7 



191* 
511* 
530 

6oi* 
691 
896 

181 

5 

59 

20I* 

1* 

1+9 

212 

3 

1+1+ 

231 

1+ 

57 
257 



Source: Dally Treasury Statements. 

[j For%^ther detalle. see chapter on Internal Revenue Statistics. 
2/ Includes unjust enrichment tax and victory tax. 



58 

90 

101 

108 

98 

120 

71 
2 

3 

9 

1 

3 

8 
1 

5 
9 
1 

li* 
99 



Carriers' Taxing 

Act of 1937 

(Railroad 

retirement) 



150 
109 
121 
157 
170 

1* 
1*2 

1 
9 
55 

1 

11 
56 

1 

8 

1*5 
1 
7 



Miscellaneous 
internal 
revenue 

!i/ 



858 
1.1*70 
1.657 
2.010 
2.181 
2.279 
2.232 

2.3>*5 

2.967 

3.81*7 

31+0 

36I* 

305 
270 
298 
U16 
362 
309 
550 

P'' 
650 

565 
352 



Agricultural 

adjustment 
taxes 



353 

521 

77 



2/ 



y 



.^ I — 1 — 

For the period prior to September 1939. the date In the 
columns entitled Federal Insurance Contributions Act "^ '•*- 
eral Unemployment Tax Act represent collections under Titles VIII 
and IX, respectively, of the Social Security Act. 
Includes chiefly alcoholic beverage taxes, tobacco taxes, manu- 
facturers' and retailers' excise taxes and eetate tax. 



11 



Budt^et Receipts and Expenditures - (Continued) 
Table 3.- Analysis of General Expenditures 

(In mllllona of doUart) 



fiscal year 
or aoDtb 



1933 

isy* 

1935 

1936 

1S37 

1938 

1939 

19IW 

19U1 

igi*? 

I 19«»Z-rel)ruary . 
March 



April. 
Hay... 
Jose. . 



July 

Au^st 

Septenber. 

October. . . 
HoToiber . . 
Oscember. . 

I5't3-Janu«ry. . . 
February . . 



Total 



2,981 

>»,90g 

5.900 

5.935 
6.U37 
5.86k 

7.221 

7.055 
6.215 
5.986 

1*12 

591 
U67 

393 
700 

U13 

312 

5U4 

Uoi 
320 

651+ 

391 

3'*6 



Vttsrana' 
Adminis- 
tration 

y 



763 
507 
557 

578 
581 
582 
557 
557 
553 
555 
i»5 

lie 

U6 

1*7 
'*7 

1*7 
"♦7 
U6 

1*9 
'*7 
1*7 

'*7 



Public 

Vorks 

if 



W2 
51*9 
679 
685 
8O3 
670 
900 
890 

715 
669 

Uk 
1*7 

5^ 
51 
57 

5^ 

5? 
5^ 

59 

39 

52 

36 

^5 



Aid to 
agri- 
culture 

2/ 



102 
1*29 
930 
966 
988 

866 
1.237 
I.5U6 
1,006 2/ 
1.091 

122 
lOl* 

86 

86 

51 

71* 

'♦7 
97 

67 
83 
89 

111 
111 



Social 
Security 
prograa 



181* 

335 

3i»7 

392 

^57 

515 

38 

33 

50 

5^ 

12 
80 
'*3 
22 

61* 
1*0 

3^ 
56 
26 



Direct and work relief 



Work Projectt 
Adalnlstratlon and 

National Touth 
Adminletratlon ^ 



I.26U 
1.896 
1.1*72 
2.2l*0 
1,572 
1.37"* 
970 

76 
79 

76 
68 
61 

35 
31 

28 
28 
2U 
19 



federal Snergency 

Belief Admlnlatra- 

tlon and Civil Works 

Idoinistratioo 6/ 



336 

1.513 

1.831 

1*95 

-1 

1* 

2 
1 



Civilian 
Consar 
vation 
Corpe 



lU 
332 

1*36 
1*86 
386 

326 

290 

283 

257 

163 

12 

11 

10 
8 

7 
7 
5 

1 



Interest 
on the 
public 

debt 



757 
821 
7U9 

866 
926 
91*1 

l,Ol»l 

1.111 
1,260 

12 
205 

77 

19 

390 

35 

7 

22U 

70 

28 

353 

5^ 
35 



other 
depart- 
mental 2/ 



357 
313 
361* 
!*2l* 

510 

1*81 

517 
5U6 

525 
51*1* 

i»5 
51 

m 
'♦7 
1*6 

"♦3 

1*6 
52 

'*5 
'♦5 
1*9 

^5 



O'^her 
general 
expendi- 
tures 8/ 



278 
509 
283 
258 
223 

200 
191 
227 
216 
220 

18 
17 
21* 
lU 
29 

16 
12 

16 
11 

22 

17 
18 



1/ 



2/ 



it/ 



l^lly Treasury Statements. 
Less than $500,000. 

Includes public works undertaken by the Veterans' Administration. 
Additional expenditures included in Table 5, for the Adjusted Serv- 
ice Certificate Jlind and the National Service Life Insurance Tani. 
Includes public buildings, public highways (including forest roads 
and trails), river and harbor work and flood control, Tennessee 
Valley Authority, Federal Public Housing Authority (formerly U. S. 
Housing Authority). Eeclamatlon projects and the Public Works 
Administration. Excludes certain expenditures for public work» 
in connection with war activities by the Pederal Works Agency, 
beginning July I9U1. Additional transaction* are Included under 
Bevolving funds. Table 5. 

Comprlaes Agricultural Conservation and Adjustment .Administration. 
Agricultural Marketing Administration, Commodity Credit Corpora- 
tion, Harm Credit Administration. Federal Farm Mortgage Corpora- 
tion, Itederal land banks, Rarm Security Administration, Farm 
Tenant Act, Eural Ileetrlficatlon Administration, and Department 
of Agriculture departmental expenditures. Additional transactions 
are Included under Eevolving funds. Table 5. 

Includes railroad retirement and railroad unemployment activities 
and excludes expenditures made l^y Office for Bmergency Management , 
War Manpower Commlasion (U. S. Employment Service) under authority 



q/ 



of Social Security Act. Additional expenditures included in Table 5. 
For further details, see tables which follow on the Social Security 
program. 

Work Projects Administration was formerly Works Progress Administration. 
Beginning with Jxay 191*2. expenditures for the National Youth Adminis- 
tration are shown in Table 1*. 

Includes expenditures of the Heconstruction Finance Corporation for 
relief throu^ loans and grants to States, municipalities, etc. 
Excludee expenditures for the U. S. Maritime Oommisslon, departmental 
expenditures under the Social Security program and the Department of 
Agriculture departmental expenditures. 

Includes expenditures for the following: Office of Education, and 
Public Health Service of the Federal Security Agency; reftmds of 
taxes and duties by the Treasury Department; Post Office Department 
postal deficiencies; the Panama Canal; Federal Housing Administration; 
and Treasury Department Investments In Federal savings and loan asso- 
ciations. Also Includes expenditures for capital stock of the Federal 
Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal 
home loan banks, and Disaster Loan Corporation. The Federal contribu- 
tions to the District of Columbia (United States share) have been 
transferred to the classification "Transfers to trust accounts, etc.". 
ftross e^endltures have bean reduced $l60 millions representing the 
repayments of capital funds by certain government agencies. 



Table 4.- Analysis of Expenditures for War Activities 



Fiscal year 
or month 



1933- 
1931*. 
1935. 
1936. 
1937. 

1938. 
1939. 
191*0. 
191*1. 
191*2. 



19l*2-February. 
March 



April. 
MV... 

Jus*. . 



July 

August 

September . 
October. .. 
Hovenber . . 
December . . 

191*3- January. .. 
February. . 



Total 



680 

531 

689 
900 
929 

1.029 

1.206 

1.657 
6.301 

26,011 

2,208 
2.8O9 

3.238 
3.560 
3.829 
1*.1*98 

u.ssi* 
5.381* 

5.1*81 
6,0l*2 

5.825 

5.9'*7 
5.770 



War 
Depart- 
ment 
1/ 



302 
21*3 

273 

383 
378 


350 
297 
1*36 
529 
557 


1*32 

1*90 

667 

3.678 

ii*,070 


596 

673 

891 

2.313 

8,580 


l!^32 


581 

9U6 


1.59'* 
1,850 
2,007 


1,101 

1.307 
1.309 


2.861 
2.875 

3.519 


1.105 
1.376 
1.291* 


3.1*17 
3.538 
3.770 


1.596 

1,1*78 
1,380 


"♦.053 
3.239 


1.271* 

2,002 



Source: tbily Treasury Statements 

1/ Izeludes Selective Service adoinls 

2/ Includes war public housing fuactl 

i/ Inolttdea emergency ship constructi 



Navy 
Depart- 
ment 



(In millieni of dollars) 



Total 
miscel- 
laneous 
war ac- 
tivities 



29 
-10 
-21 
-12 

-6 

1 

l*U 

99 

310 

.362 

258 
U30 

3 

513 
53^* 
633 
572 

U67 

1,025 

676 

620 
528 



1*02 



Agricul- 
ture 
Depart- 
ment 



3 
696 

53 
105. 

65 
80 

119 
90 
61 
91* 

51 

1*33 

21 

18 
12 



Miscellaneous war activities 



Federal 
Security 
Agency 



62 

ill 

9 

8 

7 
8 
8 

28 

13 

1* 

21 
16 

6 

17 

12 



Federal 
Works 
Agency 



National 

Housing 

Agency 

2/ 



"♦5 
297 

19 

18 
22 
17 
21 

26 
U2 

■♦5 

1*8 
50 
50 
Ul* 

39 



Selective 
Service 

(admlnlS' 
trative) 



18 
33 

3 
3 



Treasury 
Depart- 
ment 



2U 
519 

U2 
63 

63 
83 
99 

95 
110 
102 

110 
81 
83 

95 
79 



United 

States 

Maritime 

Commission 

3/ 



29 
-10 

-21 

-12 

-6 

1 

l*U 

99 

51 

929 

95 
121 

98 
130 
150 
18l* 
211 
11*1 

U6 
271* 
275 

331 
223 



War 

Shipping 
Adminis- 
tration 



132 

2 
16 

1*2 

33 
39 

5^* 

99 

113 

111 

85 

127 

17 



Aid 

to 

China 



200 



200 



20 



Other 

war 

activities 

eipend- 

iturea j*/ 



108 
382 

26 
86 

29 

37 
66 

1*2 
76 
56 
60 

6g 

88 
18 

59 



trative expenses. 

OBS. 

on. beginning March 



191*1. 



!♦/ Similar Items for periods prior to fiscal year 19U1 are elaselfiad 
under Other departmental and Other general expenditures In Table 3. 
Includes exponditures of Civil Aeronautics Administration, Panama 
Canal, and Office for Emergency Management, War Manpower Commission 
(U. S. Employment Service). 



12 



Budget Receipts and Expenditures - (Continued) 
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts, Etc. 

(In Blllloni of dollars) 



Tlte«l year 
or Bonth 



1933- 
193U. 

1935- 
1936. 
1937. 

1938- 
1939- 
19U0. 
19U1. 
19'*2- 



19U2-?ebra«ry . 
March 



April. 
May... 
June. . 



July 

Au^et 

September. 

October. . . 
Boveober . . 
December. . 



I9U3- January. . 

February . 



BaTolTlsg fund* (net) 1/ 



Total 



7** 
U96 
3'+5 

11 

20l* 

121 
92 

-136 
18 



-1 

-1 
1 



Md to 
apiculture 

2/ 



7'* 
3U6 
lUi 
-33 

-18 

-13 

-8 

-6 

-159 6/ 

7 

-1 
-1 



Public 
works 

2/ 



-I 
-1 



1U9 
20U 

221 

131* 
101 

59 

23 

11 



-2 



Transfers to trust accounts, etc. 



Total 



129 

77 

76 

1,820 

608 

225 
187 
232 
331 
381 



9 
22 

U8 



2U9 

19 

5 
56 

3 
25 

35 

2 



Source: Dally Treasury Statements. 
• Less than $500,000. 
1/ Additional transactions on Aid to agriculture and Public 

works are shown in Table 3- 
2/ Farm Credit Administration. 
3/ Public Works Administration. 
5/ Comprises Adjusted Service Certificate Fund and the National 

Serrlce Life Insurance Fund, administered by the Veterans' 

Administration. 



Veterans' 
Adminis- 
tration 



100 
50 
50 

.773 
557 



10 
1 



Social 

Security 

program 5/ 



11*6 
107 
121 
132 
11+5 



32 



113 

6 



3^ 



i^ 



Oovernment 

employees' 

retirement 

funds 

(U. S. share) 



21 
21 

21 
Ul 
U7 

73 
75 
87 
93 
103 



107 



Agricultural 

Marketing 

Administration 

( surplus commodl ty 

stamps) 



18 
126 

9 

22 

17 



19 

7 

2 

20 

* 

23 



Federal 

contribution to 

District of 

Columbia 

(U. S. share) 



5/ Includes railroad retirement and railroad unemployment actlT- 
ities. For further explanations see tables which follow on 
Social Security program. 

6/ Reflects reduction of expenditures throu^ reeorerles of In- 
▼estments in capital funds of Oovommental agencies aggregat- 
ing $155 millions. 



Table 6.- Totals by Months, Beginning with 1934 











(In millions of 


dollars) 


















Jan. 


Feb. 


Har. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Hot. 


Dec. 


Total 


Het budget receipts 1/ 




























I93U 


211 


206 


U20 


182 


l^S 


l^ 


218 


286 


1*1*9 


260 


21*7 


?^? 


3,1*92 


1935 


203 


21U 


601 


228 


279 


299 


1*21 


235 


231* 


l»3l* 


3.857 
i*.372 


1936 


228 


218 


752 


231 


256 


529 


291* 


31*3 


1^1 


272 


233 


517 


1937 


Ul 


230 


967 
916 


318 


290 


828 


367 


1*12 


292 


286 


823 


5.798 


1938 


308 


262 


373 


771* 


273 


1*1*9 


678 


300 


350 


672 


5.650 
■*.918 

5.831* 


1939 


271 
315 


367 

1*U4 


687 
799 


30I+ 


31*7 

1*00 


6% 


265 
!ti3 


372 
1*1*7 


676 
711 


279 


1 


521 
71*0 


I9i40 


19U1 


3UO 


51*1 


1,566 


565 


391* 


1.276 


397 


1.135 


56I* 


1.212 


8,8II9 


19U2 


578 


758 


3.51*7 


695 


563 


2,1*92 


71*7 


587 


2,527 


607 


601 


2.701 


16.1*03 


191*3 


788 


955 
























Budget expenditures 2/ 




























I93U 


695 


631* 


573 


61*3 


1*81* 


61*3 


611 


561 


51*1* 


701 


599 


636 


7,281* 


1935 


U82 


528 


570 


999 


527 


693 


561 


1*21* 


570 


632 


s 


607 


6.682 


1936 


521 


U80 


636 


631 


686 


2 Ml 


656 


571* 


676 


677 


716 


9,21*4 


1937 


492 


U7I1 


766 


695 


511* 


1.253 


635 


517 


632 


565 


^6^^ 


635 


7.751* 


1938 


705 


631 


566 


930 


?i5 

818 


61*5 


7I8 


737 


830 


8.097 


1939 


656 
712 


612 
668 


820 
822 


730 
783 




895 

887 


771* 
706 


71*1 
759 


721 

869 


61*8 
817 


832 
1,172 


8,885 
9.657 


I9W 


191*1 


1.111 


1.075 


1.399 

3.1*21 


1.315 


i.ii*i 


1.528 


1.598 


1.529 


1.871* 


2.083 


1.858 


2,51*2 


19.053 


I9U2 


2,628 


2.629 


3.753 


3.953 


i*.530 


5.160 


5.215 


5.931 


5.937 


6.363 


6,500 


56,020 


19'»3 


6.372 


6.119 
























5et budget deficit ^ 




























I93U 


U8U 


1*28 


153 


U61 


2U7 


252 


393 


275 


?5 
ii*9 


l*Ui 


312 


251 


3.792 


1935 


279 


311* 


-31 


371 


281 


230 


282 


125 


397 


255 


173 


2,825 


1936 


293 


262 


-116 


1*00 


1*30 


1.898 


362 


231 


177 


1*05 


331 


199 


U.872 


1937 


300 


316 


-200 


377 


22l* 


1*25 


268 


105 


-115 


273 


^^J 


-188 


2:2s? 


1938 


198 


166 


-212 


369 


193 
31*8 
2U7 


156 


1*51 


195 


1*0 


1*H2 
536 


296 


157 


IQIQ 


385 
398 


2U5 
22U 


132 
22 


U79 


339 
237 


1*99 

1*87 


1*02 
258 


65 

1*8 


281* 

1*55 

1.291* 


1*32 


3.967 


I9UO 


I9UI 


771 


531* 


-167 


750 


71*7 


252 


1.185 


1.133 


3.U0U 


1.637 


1.329 


10.204 


igits 


2.050 


1,871 

5,161* 


-126 


3.058 


3.391 


2.037 


i*.i*i3 


1*.628 


5.331 


5.761 


3.799 


39.618 


191*3 


5.581* 

























Source: Daily Treasury Stnteoents. 

1/ Total receipts less net amounts transferred to Federal 
Old-Age and SurriTors Insurance Trust Fund. 



2/ Sxcludes public debt retiremente. 

^ Total expenditures less net receipts. 



13 



BUDGET RECEIPTS AND EXPENDITURES 



1938 



DOLLARS 
Billion 



1939 



irnrtTTtTTt 



nhTtntrrikriTrfni 




JMMJSNJMMJ SNJMMJSNJMMJSNJ ^A AA J N J M M j s N 




J M M^^O S N J M y„,,^ S N . M M^^J S N . M M, .J S N J M ' ^ ' ^ ' S ' N ' ' nI^ ' k1 ' V ^ ' ^; ' ' 



1940 



1941 



I94E 



1943 



l^^ 



Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc. 



Table 1.- Trust Funds 



(In Blllloni of dollari) 



riteal year 
or Bosth 



1933- 

19 3>*. 
1935- 
1936. 
1937. 

1938. 
1939- 
191*0. 
19IH. 
19U2. 



19'*2-Jetru«ry. 
March 



April. 
Kay... 
June. . 



July 

Au^at . . . . 
Septeabar . 
October . . . 
Hovember . . 
December. . 

19U3-JanuBry . . . 
Pebruary . . 



Total 
trust funds, 
net receipts (♦) 
or net expendi- 
tures (-) 



-5 

+2k 

*6k 

*ik 
+19 

♦11 
+29 
♦37 
♦37 
+66 

+1^7 

-172 

^1 

+181 
-205 

+55 
+197 

-227 

+60 
+27'* 
-290 

+2U 
+222 



redaral Old-A^ and 

SuTTiTors Insurance 

Trust Tond 



Het 



+1 
+1 

♦3 

+10 

♦9 

♦135 
-171 

♦37 
+177 
-215 

+^♦6 
+193 
-229 

♦U2 
+227 
-273 

+236 



Bseelpts 



Ixpendl- 
tures 



P67 

1*02 
530 
580 
717 
9I4O 

179 
1 

37 

202 
70 

1*7 

210 
1 

1*2 

229 

2 

35 
235 



267 

1*01 

529 
577 
707 
931 

UU 
173 

• 

25 

285 

1 

16 

230 

* 

2 
271* 

2 



Uneaploynent 
Trust Tani. 



Net 



Source: Dally Treasury Statements. 
• Less than $500,000. 
1/ Includes OoTemment Insurance and retirement funds, 



Becelpts 



+12 
+1 
+1 



+12 
-1* 

+1 

-5 

+2 
-2 

♦3 
-1 

-1* 

+1*0 

-36 

-2 
-2 



Bxpendl- 
tures 



Ballroad 
Betlrement Account 



19 
29I* 

763 
838 

95? 
i.iiU 

l,2l*l* 

203 
29 

1*3 

220 
61* 

52 

223 

29 

243 

73 

1*0 

262 



II 



29 

751 
837 
957 

1,118 
1,21*3 

191 
33 
1*2 

225 
62 

5^^ 

220 
30 

5'» 

203 
109 

1*2 

26I* 



let 



+2 

+2 

-2 

+11 



Becelpts 



-1 



ll*g 
109 
123 
127 

liH* 



32 

* 

2 

113 



Expendi- 
tures 



ll*6 
107 
125 
116 
ll*l* 



32 

m 

1 
111* 



31* 



Other 
trutt aeoousti l/ 



Set 



-5 

+2l* 

+61* 
♦3U 

+20 

-U 
+2l* 

♦35 

+20 

♦57 

-1 
+3 
+9 
♦9 
♦7 

♦13 
+1 

+2 
+22 

+6 
♦19 

-8 
-11 



Becelpts 



280 
233 
301 

2.053 

858 

323 

3U9 

366 
■•09 

512 

22 

1*2 

96 

160 
1*1 
68 

61* 



Izpendl- 
t\iras 



285 
210 
237 
2,020 
838 

327 

325 

331 

23 
39 

29 
27 
«9 

1U7 
Ui 
66 

1*2 
1*8 
1*8 

71* 
58 



Table 2.- Other Funds 



(In millions of dollars) 



1933. 
1931*. 
1935- 
1936. 
1937. 

1938. 

1939- 
19110. 
191*1. 
191*2. 



nscal year 
or month 



Transactions In cheeking accounts 
of OoTemnent a^ncles, etc. 



19l*2-rebruary. 
March 



April. 
May... 
June. . 



July 

August . ■ . . 
September . 

October. . . 
HoTember . . 
December. . 

19l*3-January . . . 
February . . 



Total all 
trans- 
actions 



-818 
-731* 
+637 
+108 
+31I* 

+20I* 

+768 

+31* 

-217 

-3,625 

-35 

-75 

-189 

-1*30 

-1.1*17 

-78 

-262 

-25 

-583 
+W*9 
-51*8 
-186 

-370 



Issuance 
of obliga- 
tions 1/ 



I 



+1.106 
+288 
+852 

-1,809 

-23 
♦17 
-12 

-2 

-1,120 

+12 

♦9 
-23 

-311 
+1*51 

-5 

-8 
-25 



Other 

tronc- 

actlons 



i 

2/ 
-337 
-25I* 
-1.069 

-1,815 

-12 
-92 

-176 
-1*28 
.296 

-91 

-271 

-2 

-272 
-2 

-5^*3 
-178 
-31*5 



Increment on gold 



Net 



+811 
-111 

-1*03 
-99 

-51 
-5 



Becelpts 



Source: Dally Treasury Statements. 
Less than I5OO.OOO. 
1/ Het receipts In this column constitute net sales, and net 
expenditures constitute net redemptions of obligations. 



2,811 
2 
1 
2 



Ixpendl- 
tures 



2,000 
113 
1*01* 
101 

52 

5 



Seigniorage on sllrer 



Net 



+ll*0 

+176 

+1*0 

+90 
+90 

+i*9 
+20 
+1I* 

+1 
+1 



Becelpts 



lUO 

176 

1*0 

90 

2§ 

20 
ll* 

1 

1 



Ixpendl- 
tures 



Miscellaneous fonds 
and aceonats 2/ 



Het 



Becelpts 



Ixpaadl- 
turas 



+2 


• 


-2 


+16 


2l»4 


27 


+11 


233 


♦39 


331 


292 


+1 


27 


26 


+12 


1*1 


29 


+15 


3'* 


^1 


-^ 


ll 


26 
28 


+20 


33 


13 


+10 


20 


10 


+6 


lU 


8 


+27 


32 


5 


+i*U 


10 

33 


-2 

-11 


♦27 


8 


-19 


+26 


5 


-21 



2/ Comprises P»A revolTlng fund, and special deposits (net). 

Also Includes Agricultural Marketing Administration commodity 

food stamp transactions. 
^ Details not aTal labia. 



15 



flBcal yaar 
or month 



1933 

IBS'* 

1935 

1936 

1937 

1938 

1939 

igiw 

igiti 

19^2 

19te-f«brnaP7. 
Mareli 



April. 
Jtajr... 
Jus. . 



J\iif 

Angaat . . . . 
Sapteaber. 



October. . 
BoTeaber . 
Decenber . 



Means of Financing Cash Requirements 

( In nllllonB of dollars) 



Aaoxint required to be financed 



Total 
amoTint 

required 
to be 

financed 



19l»3-JanuaLry.. 
Vebraary. 



3.052 
U,6l6 

3.209 

5.390 
3.1U9 

1.381* 

U,i6i; 
3.611 

23.'»6i 

a. 482 
108 

3.184 

3. sua 

3.852 

'*.7i'* 
4.683 
4.798 

6.420 

5.761 

12,054 

5.719 
5.286 



net 

budget 

deficit 

1/ 



1.784 
2.896 
3.209 
4.550 
3.149 
1,384 
3.542 
3.611 
5.103 
19.598 
1,871 
-126 i/ 

3.058 
3.391 
2.037 
4,413 
4,628 
3.4o4 

5.331 
5.761 
3.799 

5.584 
5,164 



Net 

Increaee 

in General 

Rmd 

balance 



Source: Dailjr Treasury Statemente. 

1/ facludOB ajBOunts for public debt retirement which are 
chargeable to the sinking fund, etc., under special 
proTisiout of law. 



44-5 
1.720 

840 



622 

742 
358 

612 



179 

296 

1,148 

594 

7.461 



Set 

ezpendlturea 

in tmet 

accounts, 

increaant 

on gold, 

etc. 2/ 



823 



l48 
3.506 

234 
126 

257 

1,635 

4 

54 

245 

496 

794 
135 

122 



Means of financing 



Total 

amount 

financed 



3.052 
4.616 
3.209 
5.390 
3.149 
1.384 
4.164 
3.611 
5.994 
23,46i 

2,482 
108 

3.184 
3.648 
3.852 

4,714 
4,683 
4,798 

6,420 

5,761 

12,054 

5.719 
5.286 



Increase 

in 

public 

debt 



2/ 



1/ 



3.052 

4,514 

1,648 
5.078 
2.646 
740 
3.275 
2.528 

5.994 

23.461 

2.369 

39 

2.542 
3.609 
3.852 
4,714 
4,549 
4.798 

6,420 

3,212 

12,054 

2,899 
2.954 



Bet 

decrease 

in Oenaral 

Fond 

balance 



741 
128 

338 

947 



69 

642 
39 



134 

1,814 

2,819 
2,331 



Bet 
receipts 
in trust 
account e , 
increment 
on gold, 
etc. 2/ 



101 
821 
312 
374 
306 
890 
136 



114 



736 



Comprises trust accounts, cheeking accotints of Ooremnent 
agencies, etc.. increment on gold, seigniorage on silrer, 
and mlscellaneoua funds and accounts. Increment on gold 
eicludes expenditures for national bank note retirements. 
Het budget surplus. 



16 



Social Security Program 

Section I.- Budget Receipts and Expenditures 

Table 1.- Social Security Act 

(In mlllloaB of dollare) 



riBcal year 
or moDtb 



1936 

1937 

1938 

1939 

19'« 

ig**! 

19U2 

igUj-Tetruary. . 
March 

April 

May 

June 

J\iLy 

August.. .. 
Septen'ber. 

October. . . 
November.. 
Deceober. . 

19l»3-Jaiiu8ry. . . 
February. . 



Fiscal year 
or month 



Receipts 



Groaa receipts 



Total 



252.2 
60U.U 
631.2 
712.2 
788.2 
.015.6 

252.7 
U.8 

142.0 
213.0 

't.7 

52.2 

220.1 

U.3 

U6.6 
239.8 

50.7 
335.8 



Social Security taxes 



Federal Inaurance 
Contributions Act 
(Old-age insurance) 

y 



51U.U 

530.1* 
60U.7 
690.6 
895.6 

181. U 
2.8 

39.2 

203.7 
3.7 

U9.>t 

211.7 

U3.9 
231.1 

3.5 
37.1 

236.7 



Federal Unemployment 
Tax Act 
(Unemployment insurance) 
2/ 



57.8 

90.1 

100.9 

107.5 

97.7 

119.9 

71.3 
2.0 

2.9 

9.3 
1.0 

2.8 

8.5 

.9 
2.6 
8.7 

1.0 

13.6 
99.0 



Less amounts credited to 

Federal Old-Age and 

SurviTors Insurance 

Trust Fund 2/ 



265.0 
387.0 
503.0 
537.7 
661.3 
868.9 



179 



:i 



36.8 

201.U 

i.u 

U7.1 
209. u 

1.2 

itl.U 

228.5 

1.0 



235 



Net 
receipts 



-12.8 
217.** 
128.2 
I7U.5 
126.9 
IU6.7 

73.'» 
U.i 

5.2 

11.7 

3.3 

5.1 

10.7 

3.1 

5.1 

11.2 
3.5 

15.»^ 
100.9 



1936 

1937 

1938 

1939 

igw 

ig"*! 

19U2 

igU2- February. . 
March 

April 

May 

June 

July 

August 

September. 

October. . . 
November . . 
December. , 

19U3- January. . . 
February. . 



Expenditures 



Total 



28.U 
182.7 

332.5 

3^3.3 

384.2 

50U.U 

37.1 
31.7 

l»9.5 
53.2 
11.5 

78.8 
UI.7 
21.2 

63.2 
38.9 

3U.gr 

58. 9r 
29.3 



Adminls- 
trative 
expenses 



.6 

15.8 
20.0 
21.3 

25-3 
31-5 
31.5 

2.6 

2.8 
2.6 

2.5 

2.7 

2.7 
2.5 
2.8 
2.3 
2.7 
2.6 
2.8 



Orante to States 



Total 



Old-age 
assist- 
ance 



27.8 

166.9 
271.5 

320.3 
356.5 
415.2 
U69.6 

3U.1 

28.6 

1+6.6 

50.2 

8.7 

75.9 
38.7 

18. 5 
60.1 

36. u 

31. 9r 
56. Ir 
26.3 



Social Security Board 



19.7 
12U.8 
182.2 
208.8 
227.6 
260.1 
299.1 

23.0 
19.9 
28.8 
32.6 

U.3 
U7.2 
26.0 
11.0 

35.2 

2U.8 
2U.9 

30-9 

16. l4 



Aid to 
dependent 
children 



2.0 
IU.3 
25.5 
31.0 
it5.U 
63.2 
69.lt 

5.6 
U.2 

7.7 

6.3 

.9 

11.5 
6.8 
2.9 
8.2 

6.U 
2.7 

6.9 
U.l» 



Aid to 

the 
blind 



1.0 
14.6 
5.2 

6.2 

7.1 

8.0 

.6 
.6 

■ 9 
.7 
.1 

1.3 

.8 

.u 

1.0 
.7 

.u 

.9 

.1* 



Unemploy- 
ment com- 
pensation 
admini s- 
t rat ion 



9.1 
1»1.9 
58.9 

58.3 
63.0 

70.3 

U.I 

3.6 

U.U 
9.5 
3.2 

13.1 
3.3 
3.5 

12. U 
3.0 
2.0 

10.8 
.2 



Public 
Health 
Service 



Public 

health 

work 



2.U 
7.8 
8.9 
8.0 

9.it 

10.8 

11. u 



.1 
2.9 



2.6 

.6 

2.U 



2.3 



Department of Labor 



Maternal 

and child 

health 

services 



1.0 
3.1 
3.8 

I-} 
5-5 
5.9 

.U 
.1 



Services 
for 

crippled 
children 



.6 

2.1 
2.7 
3.0 
3.3 

u.o 
u.o 

.u 
.1 

.8 
.2 

.1 

• 

• 5 

•3 

•3 
.5 

.2 

• 3 
.5 



Child 
welfare 
serrices 



Office for 
Snergency 
Management 



War 

Manpower 

Commission 

(U. S. 
Smployment 
Service) 



1.3 

3.1 

3.8 



Hefunds 

of 

taxet 



U1.06/ 
1.8 
2.5 
2.6 

3.'» 



Ibccess 
of 
expendi- 
tures 5/ 



28.U 

195.5 
115.1 
215.1 
209.7 
322.5 
357.7 

-36.U 

27.6 

UU.2 

U1.5 

8.2 

73.7 
31.0 
18.1 

58.0 
27.7 
31. Ur 

U3.5r 
-71.6 



Source: 



i/ 



Daily Treasury Statements. 1*/ 

Revised. 

Lees than $50,000. 

Formerly Title Till of the Social Security Act. 
Formerly Title IX of the Social Security Act. Includes amounts 
equal to appropriations to Railroad Unemployment Insurance Admin- 
istration Fund equivalent to amounts of taxes collected with 
respect to the period from January I936 to June 1939. inclusive, 
from employers subject to the Railroad Unemployment Insurance 
Act (See Table 3 of Section I). 

Prior to Janiiary 1, I9U0. figuree represent amounts transferred to 
the Old-Age Reserve Account. From January 1 to July 1, I9U0 "trans- 
fers" were made to the Federal Old-Age and Survivors Insurance Trust 5/ 
Fund. Subsequently receipts have been deposited in the General Fund 6/ 
of the Treasury and "ar.rror.riated" directly to the Federal Old-Age 
and Survivors Insurance Trust IVind. Amounts shown as transfers reflect 
deductions made for reimbursement to the General Fund account to 
cover administrative expenses, which are shown as expenditures in 
Section II. Table 1. 



Includes only expenditures from appropriations made specifi- 
cally for administrative expenses relating to the Social 
Security Act; namely, Social Security Board, Department of 
Commerce, and Department of Labor; and administrative expeasea 
reimbursed to the General Fund of the Treasury under Section 
201 (f) of the Social Security Act, as amended. Beginning 
July 1, 19UO, includee also admlnietrBtive expenses under the 
Wagner-Pey eer Act. Excludes administrative expenses payable 
from other appropriations, principally for the following 
agencies: Bureau of Internal Revenue of the Treasury Depart- 
ment, and Public Health Service and Office of Education of 
the Federal Security Agency. 
Covered by appropriatione by Congress. 
Second Deficiency Appropriation Act, fiscal year 1938. 
approved June 25, 1938. carried an appropriation of 
$1*0,561,886.143 for making refund to certain States of portions 
of Federal employers' tax for 1936 collected under the Social 
Security Act. 



'mm 



17 



Social Security Program - (Ck)ntlnued) 



Section I.- Budget Receipts and Expenditures - (Continued) 
Table 2.- Railroad Retirement Act 



(In Billions of dollari) 



riieal 7«*r 
or bobUs 



1936 

1537 

X93» 

W» 

Iffi:::::::::::::::::::::::::::::;: 

19i«>>.... , 

19>M-rtkrurr 

Nwak 

April 

"V 

SVM.,.,,.,,....,,.... ' .. 

AOf 

Mmgu* 

I«9i«lb«r . .................... 

Oetebcr 

loTWbcr 

Oi«Mb«r 

l^y-JuMTT 

V«toaH]r. 

■OWMI Ml/ trMMNVr ItfttMMltf. 

• tett thu 190,000. 



Baeolpt* 



OarrKrt' TmIbc 
Aet of 1937 



•J 
190.1 
109.3 

in.o 
136.9 
170.0 

u.z 
U1.6 

1.2 

9.0 

39.0 

1.0 

11.9 

36.9 

1.1 

1.2 

ka.B 
1.1 

7.1* 



Izpendl turss 



total 



.3 

1.9 

11*9.0 
110.0 

123.3 

12(.2 

lite. 9 

.7 
.7 

":l 

.9 

113.2 

.7 

.9 

3U.0 

:2 

3^.9 
.9' 



Ad«iBlitr«tlv» 
•xpmMi 

i/ 



.3 

^:; 

?:l 

.7 
.7 
.6 
.6 
.9 
.6 
.7 
.5 
.9 



Tranifert to 

RAllroKd BetlrtMnt 

Aeooiiat (trtwt MMust) 



11)6. U 
107.1 

I2U.4 
1I1O.9 



11.5 

112.6 
33.5 

3U.0 



lafWAt 
tarn 



IZPOBI of 

•XMBditurat 

if 



-3 

1.2 

-1.1 

.7 
2.3 

""•I 
-21.6 

.-3.9 
-ltO.9 

30.9 
-«.5 
-3>*.9 
1U.2 
-10.1 
-36.0 

32.1 

3:J 



y laelnd*! oaljr wpradltwrt* froa apprepriatlMt Md« •paelfiMlljr 
for adilBlitratiTa «p«M*i raUtiaf to tb* lailread latlrMtst U% 

£/ Oercrtd br •ppreprlatlm* from tk* Otunl fund of th* IrMiw/. 



Table 3«- Railroad Unemployment Inaurance Act^ 



(Ib alllioBf of dollarf) 



flieal rtar 

or MBtt 



1936. 
1937. 
193<' 
1939. 
19(0. 
19>»1' 
19U2. 



19>»2-rabnu7.. 
Narah 

April 

MV 

Jm» 

Jalr 

Aofuat , . . . 
■•pttirtar. 

Oetebar... 
l«T«ib«r.. 
Sioaibar. . 

19U3^aBaar]r... 
ftbruoj.. 



laealptt 



lallraad «Baq>le]rB«Bt 
iBtBTBBea eoBtrl- 

taltlOBI g/ 



^pnUtw* 



Total 



U.9 
6.8 
1.9 


• 9 

9.0 

10.9 

6.k 


2)2 


.3 
.2 


2!2 


.2 
.2 

.3 


2)2 


.2 

6.2 
.2 


2^9 


.1 
.2 
.2 


,[ 


.1 
.2 



•ottreat Ikil/ Iraaiw^ StatooaBti. 

* Last thaa $50,000. 

y Oparatad at Hailroad IbanplejPBaBt laanraaea Adalalstra- 
tiOB Awd, 

1/ lapraiaati 10)( of eoBtrltatloaa uadar tha lailroad thua- 
plortaat laaoraaea Aet; tha rnalalac 90J( li lapotltad 
iB tha Ballroad OaaiipleTBant iBfurtaoa AaeoBBt, t^Ma- 
plejaant Tnut Tnnd (8a« Saotlon II, latla 3). Ixelndai 
aaeiiBta approprlatad to Bailroad UnanplejraaBt iBiuranoa 
AdalalitratloB IVind aqulralant to aaonati of tazai ool- 
laetad vlth raipaot to tha parlod fron January 1936 to 
JVuM 1939, iBOlttiira, froB aoployara lahjaet to tha 



AdalBlitratlT* a^^aBiaa 
(Xallroad VBaaplOTBaat 
iBaurasoa Adalali- 
tratloB ItaBd) 2/ 



•9 

9.0 
3.«^ 
a.9 

.3 

.2 

.2 
.8 

.3 
.2 
,8 
.8 

,1 
,8 
,8 

.1 
.2 



Traatfari to lallread 

ttaaaploTBOBt iBiuraBoa 

AeeoBDt, UbanplerMBt 

Truat roBd y 



IsoaM of 

aq^aBdltwaa 

a/ 



.9 

.1 

if.i 

-2.1 

.2 

-2.0 
.2 

.1 
-1.9 

.2 

6.0 

-2.1 

.1 

.1 

-2.3 

.1 
.1 



Ballroad OhaBploraaBt iBauraaoa Aet, at fellevi (la allllOBi)) 
OaloBdar year 1936 - M.7. 1937 - ♦9-3. 193« - •6.8, and for tha 
first als aeathi of tha oalandar year 1939 - $2.9, accrsgatiac 

$17.7 • Thstt aooBBti ara Inoludad In latla 1 under federal Unea- 

pleyaent Tax Aet (uneaploysient Iciuranee). 
2J Inoludei only ezpandlturee fron approprlatleni Bade ipeetfloally 

for adnlBlitratlTe expentei ralatinc to the Ballroad UaaaployBnt 

Inaurenee Aet. 
k/ Baprasenti axeaee funde of the Ballroad UneBplorsent Inawanoa 

AdBlnlitratlon fund (under Aet of Got. 10, I9U0). 
^ Oorered by appropriation! hy Ooacreai. 



18 
Social Security Program - (Continued) 
Section II.- Statements of Trust Accounts 
Table 1.- Federal Old-Age and Survivors Insurance Trust Fund^ 



(CuiaulatlTB from organliatlon - In mllllonB of dollars) 



End of flic&l 
7aar or aonth 



1936 

1937 

1938 

1939 

19110 

19U1 

igUs 

igUs-October 

Hovemter 

Decenber 

19U3-JanuflX7 

Tebmarr 



Eecalpts 



Total 
receipt* 



267.3 
782.7 

1.199.6 
1.792.1 
2.536.2 
3.502.8 

3,812.2 

U,oU3.U 
U,Oi47.7 

U. 085.0 
U. 322.0 



Appropria- 
tions by 
Confess 



265.0 

765.0 

1.155.0 

1.705.0 

2.393.1 

3,288.8 

3.597-2 
3.828.3 
3.831.8 
3.868.9 

'*.10'i.7 



InTsst- 
oents 



2.3 

17.7 

i*i+.6 

87.1 

11*3.1 

21U.1 

215.0 
215.1 
215.9 

216.1 
216.3 



Total 
expendi- 
tures 



Source: Dally Treasury Statements. 
• Less than $50,000. 

1/ Includes transactions effected under the predecessor 
Old-Age EeserTe Account . 



19.3 

138.6 
275-6 

330.7 
3U5.1 
359-6 
373.8 

388.2 



Sxpendlturet 



Old-a^ 
benefit 
payments 



5-1* 

19-3 

35-1 

99.5 

209.8 

255.U 
267.3 
279-3 
291.7 



Beinburseaent 

for 

adminlstratlTe 

expenses 2/ 



12-3 
39.1 
65.9 

75-2 
77.7 

80.3 
82.1 
83.9 



Balance 



Total 



267.2 
777.2 
1.180. 3 
1.7i»i*.7 
2.397-6 
3.227-2 

3.1*81.5 
3.698.3 
3.688.1 

3.711.2 
3.9.V3.g 



Invest- 
nents 



267.1 

662.3 

1.177.2 

1.738.1 

2,380.6 

3,201.6 

3.1*03.1 
3.393.1 
3.655.'* 
3.6U5.U 



\tuxfaniai. balance 



In General 
]<und 



.1 

113.0 

.1 

-5 

6.2 

5-2 

1*6.9 
275-7 

5-3 

1*0.8 
276 -0 



In dlsburtla^ 

officer's 

account 



.1 

1-9 

3.0 

6.1 

10.8 

20.1* 

31-5 

29-5 
27.1* 

25.0 



Under Section 201 (f) of the Social Security Act amendjaants 
of 1939- 



Table 2.- Railroad Retirement Act 







(Cunulatire from 


organization 


- In millions 


of dollars) 






End of fiscal 
year or oontb 


Beceipts | 


Expenditures 




Balance 


Total 
receipts 


Appropriations 
^ Congress 


Interest on 
inrestnentt 


Benefit 
payments 


Total 


Investments 


Unexpended balance 


In Oenaral 
Tund 


In dlebursing 
officer's account 


1936 ,• 

1937 

1938 

X939 


1*6.6 

1*6.6 
iU7.q 

268. U 

390.8 
906.9 
650.9 

865.9 

866.1 
866.2 
866. U 
866.6 


1*6.6 

U6.6 

11*6.5 

261*. 8 

381*. 9 

U98.5 
639 -i* 

851*. 2 
85l*.2 
851*. 2 
854.2 
8'il*.2 


1.1* 
3.6 

n 
11.6 

11.8 
11.9 
12.1 

12.3 

12.5 


1*.0 

79.8 

185-6 

298.7 

1*19.9 
51+6.1 

589.2 

599.9 

610.7 
621.5 

632.3 


1*6.6 
1*2.6 
68.1 
82.7 
92.1 
87.0 
104,8 

276.7 
266.2 
255.6 
2l*l*.9 

231*. 3 


_ 

66.2 
67.2 
7?.'* 
7U.0 
91.5 

196.0 
I85.O 
17U.O 
197.0 
187.0 


U6.6 

36.6 

.2 

13-2 

10.8 

2.5 

1.6 

68.9 
68.8 
68.9 

34.9 

JU.9 


• 
6.0 
1.6 
2.3 
1.8 
10.5 
11-7 

11-9 

12-3 

12.7 

13.0 

12.1* 


19W 

19U1 

191*2 






loU'^-Jftiiuarv 


yebruary 



Dally Treasury Statements 
Less than $50,000. 



Table 3.- Unemployment Trust Fund 

(CumulatiTe from organisation - In millions of dollars) 



End of fiscal 
year or month 



1936 

1937 

1938 

1939 

191*0 

I9UI 

191*2 

19l*2-0ctober . . 
BoTember . 

Deceober. 

19U3- January . . 
Tebruary . 



Beceipts 



Total 
re- 
ceipts 



18 
313 
1.076.2 
1.914.3 
2.857.9 
3.971.9 
5.215. 

5.569- 
5,812. 
5,885. 

5.925. 
6.127. 



Stat* 
unemploy- 
ment 
Insuranea 
actlTi- 
ties 



Deposits 

by 

States 



18. 9 
310.6 
1.058.2 
1.869.5 
2.729.3 
3.621.1* 
''.717.3 



5.0^3-7 
5,285-1* 
5.298-3 
5.338-3 
5. 599 .5 



Ballroad Unemployment 
Insurance Account 1/ 



Ballroad 
unemploy- 
ment 
Insurance 
contribu- 
tions 



1*1*. 2 
105.6 
181 .9 

203.7 

201*. 5 
226.6 

226.7 



Trans- 
fers 
from 

States 

2J 



1.8 
105.9 
105.9 

105.9 

105-9 
105-9 
105.9 
1Q5.9 



Transfers 
from Bail- 
road Unem- 
ployment 
Insurance 
Administra- 
tion fundU/ 



11.1* 



17. u 

17.4 
17.1* 

17.1* 
17. t 



Interest 



InTest- 
ments 



.1 

2.8 

18.0 

1*1*. 8 

82.6 

131.5 

198.9 

199.0 
199.0 
236-9 

236.9 
236.9 



Source: Oslly Treasury Statements. 

• Less than $50,000. 

1/ Excludes advance of $15 millions from the Treasury and 

subsequent repayment, both taking place In the fiscal year 
I9U0. 

2/ Bepresents ')0l> of contributions under the Ballroad Unem- 
ployment Insurance Act; the remaining 105t is used for 
administrative expenses. (See Section I, Table 3.) 



Expenditures 



Total 

ezpendl^ 

turei 



1.0 

192.0 

633.8 

1,133.1 

1,688.2 

2,065.1* 

2,165.0 
2.176.7 
2,187.1 

2.198.8 
2.210.2 



State unemployment 
insurance 
actlTltles 



With- 
drawals 

states 



1.0 

192.0 

633.8 

1.116.7 

1.550.0 

1,918.0 



-.1 



2.028 

2.038.7 

2,050.3 

5\ 



.050. 
.oSi. 



Transfer* 
to Ball- 
road Unem- 
ployment 
Insurance 
Account 

2/ 



1.8 
105.9 
105.9 

105.9 
105.9 
105-9 

105.9 
105.9 



Ballroad 
Unemploy- 
ment 
Insurance 
Account 
1/ 



Benefit 
payments 



IU.6 

III 

1*2.2 
U2.3 
1*2.5 

1*2.7 
1*2.8 



Balance 



Total 



18.9 
312. U 
88l*.2 
1,280.5 
1.721*. 9 
2,283.7 
3,150.1 

3,i*oi*.7 
3.635-5 

3.698.0 

3.726.3 

3.977-3 



Invest, 
ments 



I8.9 
312.3 
872.0 
1,267.0 
1,710.0 
2,273.0 
3,139.0 

3.397.2 
3.588.2 
3.687.0 

3.717.0 
3.970-0 



Unexpended 
balance 



In 
Oenaral 

land 
(Special 
Deposit 
Account) 



.1 
12.2 
13.5 

13.1* 

8.0 
7.8 



5.0 
1*1*. 9 

8.7 
7.2 

■S.3 



In dl* 
bur*tnc 
offi- 
cer'* 
account 
5/ 



l.U 
2.7 
3.3 

2.6 

2.1* 
2.3 
2.1 
1-9 I 



Bepresents amounts transferred from States to Ballroad Unem- 
ployment Insurance Account equivalent to amounts of taxes 
collected, with respect to period from January I936 to June 
1939 inclusive, from employees and smployers who come within 
the purview of the Ballroad Unemployment Insurance Act. 
Bepresents excess funds of the Ballroad Unemployment Insur- 
ance Administration Tund (under Act of Oct. 10. 191*0). 
For railroad unemployment benefits and refunds. 



19 



Cash Income and Outgo of the Treasury, by Major Classlf icatione^^ 



(In mllllone of doll&rt) 



USB IHCOKE 

Budget: 

Internal revenue; 

Incoue and profits taxes 

DDploynent taxes 

Miscellaneous Internal revenue. 

Custcns 

Other 



Subtotal 

Trust funds, etc.: 

UnenplOTiient truet fund (deposits by States 

and Eallroad Eetlrenent Board) 

Trust accounts 2/ 

Subtotal 

Total cash Incoue 

CASE ODTOO 

Budget: 

War activities 

Veterans ' Administration 

Public Works j/ 

Aid to agriculture j+/ 

Social Security progran ^ 

Work Projects Administration and national 

Youth Adjolnistration 6/ 

Civilian Conservation Corps 

Interest on the public debt jj 



Other. 
Subtotal. 



Trust funds, etc. : 

Reconstruction Finance Corporation: 

War activities 8/ 

Other 

Coaunodity Credit Corporation 

Unemployment Trust Fund 

Federal Old-Age and Survivors Insurance 

Trust I\ind 

Ballroad Betlrement Account 

Other 



Subtotal 

Eedemptlon of adjusted service bonds. 

Total cash outgo 

EtCESS OF CASH OUTGO 



igUa 



283 

257 

3^0 

27 

31 



937 


3.5^8 


203 

Uo 


29 
58 

87 


2l»3 


1,180 


3.635 



,208 

122 
38 

76 

12 

5 
62 



2,612 



139 

-3'* 

39 

10 

11 

-1*8 



116 



3.083 

U6 

361. 

33 

22 



Apr. 



335 
'»3 

305 
32 
16 



2,809 

U6 

^1 

103 

33 

79 

11 

196 

65 



3.389 



253 

-99 
1+6 

10 
11 
-3 



2.729 



"1:559 



3.608 



-27 



732 


76^ 


'*3 
5^ 


220 
52 


97 


272 


829 


1,036 



.238 

1.6 
9' 
86 
50 

76 
10 
70 

68 



May 



216 

222 

270 

30 

26 



3.698 



208 

7 

38 

10 
11 



_2Ii. 



3.973 



3awr 



r Revised. 

• Less than $500,000. 

1/ These figures are not intended to reflect the budgetary position 
of the Oovernment. and will not agree vith budgetary figures on 
receipts, expenditures and deficit such as those appearing in 
the Daily Treasury Statement and in other tables in the "Treasury 
Bulletin". For an explanation of the revisions nade in Daily 
Treasury Statement figures to arrive at this cash series, see the 
"Treasury Bulletin". February I939. 

2/ Includes sale of commodity food stanps. Agricultural Harketliig 
Administration. 

2/ Comprises Public Buildings Administration. Public Roads Admlnlt- 
tration, Public Works Administration, Federal Public Housing 
Authority, river and harbor work and flood control, Tennessee 
Valley Authority, forest roads and trails, and reclaaatlon 
projects. 



3.560 
'♦7 
51 
85 
5"* 

68 

8 

13 

62 



3.91*8 



249 

253 

33 

11 

10 

-3'* 



522 



U,l»70 



JMi 



2,086 

40 

29s 

28 

24 



July Aug 



273 
53 

4i6 
24 
20r 



2.476 


7g6r 


28 

55 


s 


83 


108 


2.558 


S94r 



.829 
1*7 
58 

51 

12 

61 

7 

220 

71* 



i<.358 



284 
30 
29 

11 
11 
14 



379 



"♦.738 



2,179 



4,498 
1*7 
5"* 
75 

80 

51* 

7 

20 

63 



155 

232 

362 

22 

25r 



796r 



217 

49 



266 



Sept. 



2,126 

41 

309 

20 

22 



2,518 



Oct. 



206 
48 

350 
24 
20 



b4g 



l,062r 



4,896 



llOr 
23 
31 

11 

11 

-14 



171r 



5,068r 



TJOTir 



,884 

1*7 



5.188 



235 
90 
30 

11 

11 

-27r 



350'- 



1 



5. 538r 



^♦TiTS" 



103 



2,621 



.384 
46 
52 
96 

22 

35 

1 

212 

64 



5.911* 



74r 



770 



199 

248 
337 

23 

21r 



829r 



243 

62 



305 



Dec. 



.972 

47 

630 

24 
25r 



2.6991 



1.131+r 



5,481 

49 

58 

67 

64 
31 

62 

60 



5.873 



58 

166 

114 
16 

12 
11 

-46 



5.989 



3.368 



J30 



6,204 



5.1*31* 



,042 
1*7 
39 

81 
40 

28 

• 

21 
56 



6.353 



289 
-260 
-305r 

12 

12 

11 
-163 



-405r 



5.9l'9» 



4.8I5 



2,806j 



1943 



306 

52 

365 

25 



5.825 
1*7 

50 

87 

31* 

28 

-18 

299 
71 



6.422 



31*5 

-18 
181r 

10 

12 
11 

31r| 



572r 



6,994r 



4.188 



.91*7 

1*7 

37 

110 

56 

24 
2 

35 
60 



380 

31*3 

352 

26 



58r 


89 


806r 


1.190 


4o 
72 


262 

50 
313 


113 


9l9r 


1.502 



6.318 



338 

-7r 
115 
12 

12 

11 
-278r 



203r 



6.522r 



5.603 



.770 

48 

47 

110 

26 

19 

24 

63 



6,106 



214 
-12 
124 

11 

13 
11 

-46 



315 



6,422 



i*.919 



4/ Comprises Agricultural Conservation and Adjustment Administration, 
Agricultural Marketing Administration, Commodity Credit Corporation. 
Farm Credit Administration, Federal Farm Mortgage Corporation, 
Federal land banks. Farm Security Administration, Farm Tenant Act. 
Rural llectriflcatlon Administration, and Department of Agriculture 
departmental expenditures. Ixcludes Agricultural Marketing Adminis- 
tration, reflected on Daily Treasury Statement as transfer to 
trust accounts. 

5/ Excludes transactions under transfers to trust accounts, etc. 

5/ Beginning July 1942 National Youth Administration is Included 
in war activities expenditures. 

2/ Excludes accrued interest on United States savings bonds outstanding. 

8/ Expenditures for war activities by the Reconstruction Finance 

Corporation prior to October 17, 1942, were Included under "Other" 
Reconstruction Finance Corporation expenditures. 



Total Cash Income and Outgo, by Months 

(In millions of dollars) 



Cash income 

1938 

1939 

1940 

1941 

1942 

191*3 

Cash outgo 

1938 

1939 

1940 , 

1941 

1942 , 

1943 

Excess of cash outgo 

1938 

1939 

14po 

1941 

194? 

191*3 

r Revised. 



Jan. 



395 
364 
398 
1*75 
731* 
919r 



537 

728 

727 
>179 
.699 

522r 



l42 

364 

329 

704 

1,965 

5.603 



Feb. 



460 
581 

6i4 

724 

1.180 

1.502 



481 

669 

679 
1.150 

2.729 
6,422 



21 

88 

65 

426 

1.51*9 
4,919 



1.038 

796 

989 

1,640 

3,635 



71*5 
834 

851 
1.555 
3.608 



-293 

38 

-138 

-85 

-27 



Apr. 



319 

323 
385 

540 

829 



77"* 

730 

793 

1.1*75 

3.973 



455 
407 
408 
935 
3.144 



May 



519 
552 
561 
749 
1.036 



665 

750 

691 

1.1*31* 

4,470 



146 
198 
130 
585 
3.1*34 



824 

644 

781 

1.329 

2,558 



835 

844 

886 

1.51*8 

i*.738 



11 

200 

105 

219 

2.179 



July 



365 
369 
449 
576 
894r 



589 
652 

806 
1,516 
5,06gr 



224 
283 
357 
94o 
.174 



Aug. 



632 
589 
724 
766 
.062r 



783 

989 

870 

1.748 

5,538r 



151 
400 
146 

982 

4.476 



Sept . 



767 

752 

756 

1.205 

2,621 



852 
892 
832 

2.046 
5,989 



85 
l4o 

76 
84l 

3.368 



Oct. 



395 
399 
458 
611 
770 



829 

781 

976 
2.43? 

6,204 



434 

382 

5I8 

1,828 

5.'*3i* 



521 
567 
656 
956 
1 . 134] 



702 

667 

962 

1.973 

5.9'*9r 



181 

100 

306 
1,017 

4.815 



Dec. 



757 
615 
798 

1,288 
2,806r 



895 

947 

1,244 

2.778 

6.994r 



138 

332 

446 

1,490 

4,188 



Total 



6,992 

6.551 

7,569 

10.859 

19.259J 



8,687 

9,483 
10,317 

20,841 

57.9594 



1.695 

2.932 

2.71*8 

9.982 

38.699 



so 



CASH INCOME AND OUTGO OF THE TREASURY 



1938 



1939 



1940 



1941 



1942 



1943 




DOLLARS 
Billions 



J M M J 



SNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 







1 

Cash Ou^o 










{ \ 














I 


A 






J 

1 
















/ 

3 Month _^ 
Moving Average\^ 'IT 




nintilllll 

J M M J S N 


llllllllllll 

J M M J S N 


mnti 

JMMJSNJMMJSNJM 


MJSNJMMJSN 




r ] I I I I I I I I I I I I I I I I I r I I I I I I I I I I I I I I I I I I I I I I 1 I I I II .| 

JMMJSNJMMJSNJM^AJSNJMMJSNJM^AJSNJ^AWJ8N 
1938 1939 1940 1941 1942 1943 



I^i^ 



GENERAL FUND OF THE TREASURY 



-21 



22 



Assets of the General Fund of the Treasury 



(In mlllionB of dollars) 



End of fiscal 
year or month 



1933 

193"* 

1935 

1936 • 

1937 

1938 

1939 

ISW 

igui 

19U2 

igHS-rebruary 

March 

April 

May 

June 

July 

Au^st 

Septenber 

October 

HoTeaber 

December 

l^ki-Jaaaary 

Pebmary 

Source: Dally Trearury Statements 



Total 



1.103 
3.033 
2.016 
2.936 
2.709 

2.U19 
3.087 
2,038 

2.812 
3. '♦'+3 

3.867 

3.857 

3.216 
3.198 
iM3 

3.782 

3.695 

U,688 

5.313 

3.557 
11.032 

8.200 

5.895 



Bullion, coin, 
and currency 



18U 
I.0U5 
I.OUU 

865 
1.863 

827 
I.I9U 
87U 
981* 
897 

879 
890 



900 
897 

926 
907 
909 

931 
915 
863 

857 

872 



Deposits in 

Tederal 

Reserve Banks 



51 

97 

118 

862 

lUl 

929 

1.022 

254 

I.02I* 

603 

525 
522 

382 
603 

553 
569 

1.021 

619 

512 

1.516 

1*65 

623. 



Special deposits 

account of sales 

of Oovemment 

securities 


other 

deposits 

and 

collections 


837 
1.85U 

799 
1.150 

6U9 


31 

37 
55 
58 
55 


611 
776 
8O5 
661 
1.679 


52 

95 
105 
1U3 
265 


2.051* 

2.231 


185 
211 


1.579 
1.666 
1.679 


226 

11? 


2,01'* 
1.880 
2,1*11 


289 


3.373 
1,695 
8.166 


Jl? 

U87 


6.367 

3.892 


511 
509 



Balance In the General Fund of the Treasury 

(In millions of dollars) 



Ind of fiscal 
year or nonth 



Total 
assets 



Total 
liabilities 



Balance 

in the 

Oeneral 

Fund 



Analysis of balance in the Oeneral Fund 1/ 



Working 
balance 



Seigniorage 


Increment 


on silrer 


on gold 


- 


811 


11*0 


700 


316 


297 


356 


198 


i*U6 


11*7 


536 


lU2 


585 


11*3 


605 


1U3 


619 


11*3 


617 


11*3 


618 


l'*3 


618 


11*3 


619 


11*3 


619 


11*3 


619 


i'*3 


619 


lUl* 


619 


ll»l* 


619 


11*1* 


619 


lUU 


619 


11*1* 


619 


11*1* 


619 


lUl* 



1933- 
I93i»- 
1935- 
1936- 
1937. 

1938. 
1939- 
191*0. 
191*1. 
191*2. 



191*2- February. 
March 



April. 
May... 
June. . 



July 

August . . . . 
September. 



October. . 
loTeaber. 
December . 



I9U3- January. . 
February . 



1.103 

3.033 
2.016 
2.936 
2.709 

2.1*19 

3.087 
2.038 

2.812 

3.1*^3 

3.867 
3.857 

3.216 

3. 

3. 



198 

1*1*3 



3.782 

3.695 

1*.688 
5.313 

3.557 
11.032 

8,200 

5.895 



2l*0 
1*51 
175 
251* 
156 

203 
2l*8 
IU7 
179 
1*52 

305 
365 

365 

386 

1*52 

1*91* 
5^1 
386 

1*16 
'♦75 
U89 

1*77 
503 



862 
2,582 
l,8Ul 
2,682 
2.553 

2, 216 
2.838 
1.891 
2.633 
2.991 

3.562 

3.'*93 
2.851 

2,812 
2.991 

3.288 

3.15'* 

1*.302 

i*,896 

3.082 

10.51*3 
7.721* 

5.392 



862 

1.771 

1,001 

2,069 

2,000 

1,622 

2. 160 

1.163 
1,885 

2.229 

2.802 
2.732 

2.089 
2.050 
2.229 

2.525 
2,392 

3.5'*o 

u.^l* 

2.320 

9.780 

6.961 
i*,630 



Source: Dally Treasury Statements. 

1/ In the fiscal years I935 and I936, $91 millions and 
$551* millions, respectively, were transferred from In- 
crement on gold to the working balance for retirement of 
national bank notes. In this statement, however, charges 



for retirement of national bank notes are reflected directly 
against increment on gold in the years during which the retirements 
were actually made. Inactive gold In the amount of $1,087 millions 
for the fiscal year 1937 Is considered as a part of the working 
balance . 



23 



Analysis of Chang* In Balance of General Fund of the Treasury 



Ohaac* durlaf flioal 
far or aonth 



1933 

W"* 

1935 

1M6 

1937 

193« 

1939 

19>40 

19>H 

19H8 

igUS-retmary. 
March 



ipril. 
)tajr... 
J«IM.. 



Jul/ 

Ancatt . . . . 

SaptflBber . 



Ootobar . . 
VoTeBbcr . 
D(e*a))«r . 



19'*3-J»ni>»ry. . 
Vabroar^. 



Total 

ehaaii* la 

Oonoral 

IVud 
balaaoo 



UU5 

1.720 

-7>n 

8l|0 
-128 

-33« 
622 

-9U7 
7U2 
358 

612 

-69 

-6U2 

-39 

179 

296 
-13U 

1,1U8 

59>» 

-1.8ll» 
7.WI 

-2,819 

-2.331 



VoiUag balaae* 



Total 
mrklBf 
balaneo 



UU5 

908 

769 6/ 
1,067 6/ 

-70 
-377 

537 
-997 

722 

3IA 

611 
-70 

-6U3 
-39 
179 
296 

-13U 
l,lU8 

59»» 

-I.8IU 

7.'^l 

-2,819 

-2.331 



Oonoral 

asd 

■poolal 

aeooQBtt ^/ 



-1,78U 
-2.896 
-3.209 
-"♦.SSO 
-3.l'*9 
-1,381* 
-3,5'*2 
-3.611 
-5.103 
-19,598 

-1,871 
126 

-3.058 
-3.391 
-2.037 

-i».i»i3 

-4.628 
-3.1«Dl» 

-5.331 
-5.761 

-3.799 
-5.58»* 
-5.l6i» 



Sooreo: DKII7 TreasTir/ Stateaest*. 

* Laas than $500,000. 

1/ lUa Is the net budget daflelt. Ixcludes amosnte for 
pmblic dabt retlrenent vhieh are chargeable to the alak- 
l&C fond, etc., wader ipeclal proTlelons of law. 

2/ This repreaenta the Increaea In the groes public debt, 
except as noted. (See footnote Jj .) 

y Includes federal Old-Age and Borrlrors Insurance Trust 
IVind. Uneaployiient Tmat IWd. Sallroad Betlrenent 
Account, QoTernaant Inauranee and retlrenent funds and 
other truat fonda. 

Jt/ CoBprlaes Public Works Adainlstratloa reTolTing fund 
and special deposits (net). Also Includes Agricul- 
tural Marlcetlng Administration coBBOdity food stainp 
transactions. 

^ Includes expenditures for retlrenent of national bank 
notes. 



^lblte 

dabt 

aooooata g/ 



3.052 
U.51U 
1.739 1/ 
5.'*75I/ 
2.7U62/ 
7921/ 
3.280 2/ 
2.528 
5.99>* 
23,i»6i 

2.369 
39 

2.5U2 

3.609 

3.852 

"♦.711* 
U.5i*9 
'*.798 

6,U20 

3,212 

12.05U 

2.899 

2.951* 



Trust 
•eeouati ^ 



-5 
24 
6U 
34 
19 
11 
29 
37 
37 
66 

147 
-172 

47 

181 

-205 

55 
197 

-227 

60 

271* 

-290 

2U 
222 



NiiOOl- 

laaaous 

fnada and 

aocooats 

>i/ 



OhaeklBc 

acoouata of 

SoTarmiaBt 

acanoias, 

•to. 



2 

16 
11 
39 
1 

12 

15 

-9 
-ll* 

20 
10 

6 

27 
13 
Ui* 

27 
26 



-818 
-73l» 

637 

108 

31'* 

204 
768 

3"* 

-217 

-3.625 

•-35 
-75 

-189 

-430 

-1,1*17 

-78 

-262 

-25 

-583 

1*1*9 

-548 

-186 

-370 



8al(sioraxa 

on 

allvar 



iDcraaant 

OB 

cold 5/ 



lUO 
176 
1*0 
90 
90 
>»9 
SO 
lU 

1 
1 



811 

-HI 6/ 
-1*036/ 

-99 

-51 
-5 



6/ In the fiscal yaara I935 and I936. $91 Billiona and $551* Billions 
were transferred froa increnent on gold to the working balance 
for retirement of national bank notes. In this statement, how- 
eTer, charges for retirement of national bank notes are reflected 
directly against increment on gold. In the years during which the 
retlreaents were actually oade. InaetiTe gold in the amount of 
$1,087 Billions for the fiscal year I937 is considered as a part 
of the working balance general and special accounts for the pur- 
pose of this table. 

■jJ Sipendltures for the retiraaent of national bank notes from In- 
ereaent on gold for the fiscal years I935 to 1939 (as shown below) 
are not reflected herein, but are reflected under Increment on 
gold as follows: I935 - $91 millions, I936 - $397 millions. 
1937 - *99 Billions, 1938 - $51 Billions, and I939 - $5 millions, 
total - $61*5 Billions. The increases in the public debt shown in 
the table Means of Financing Cash Bequlrements for the abore 
fiscal years will not agree for the reason stated above. 



?:■:■ 



PUBLIC DEBT OUTSTANDING 



_2l^- 



25 



statement of the Public Debt and Guaranteed ObllgatlonB Outstanding 

(Is bIIHohb of dollars) 



Sewirltlee l»gued by the Chlted Stat»» 
Interett-bearlng debt: 
Public IsBuea: 
Harketabla Issuai 

Treaaury blllt 

Certlfleatas of ladabtadnea*. . . 

Treasury notaa 

Treasury bonds 

Other bonds 

Total marketable Issues 



Non-marketable issues 

U. S. savings bonds 

Treasury notes - tax series . . 

Adjusted serrlee bonds 

Depositary bonds 

Total non-oarketable issues.. 



Total public issues. 



Special issues: 

Adjusted Service Certificate Fund 

I'ederal I>eposlt Insurance Corporation. 

Federal Old-Age and Surrivors Insur- 
ance Trust Fund 

Federal Savings and Loan Insurance 
Corporation 

Government Life Insurance Fond 

Oovernoent Betiremsnt Funds 

National Service Life Insurance Fund. . 

Postal Savings Systems 

Bailroad Hatirement Account 

Unemployment Trust Fund 

Total special issues 



Total interest-bearing debt. 



Matured debt on which Interest has ceased. 

Debt bearing no Interest: 

IMlted States savings stamps 

United States notes (less gold reserve). 
Deposits for retirement of national bank 

and Federal Eeserve Bank notes 

Other debt bearing no interest 

Total debt bearing no interest 

Total public debt outstanding 



Securities guaranteed by the United States 1/ 



Interest-bearing debt: 
Public issues: 
Marketable issues 

Commodity Credit Corporation 

Federal Farm Mortgage Corporation. . 

Federal Housing Administration 

Federal Public Housing Authority... 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation. 
Total marketable issues , 



Non-marketable issues 

Commodity Credit Corporation Zj . 

Total interest-bearing debt 



Matured debt on which interest has ceased. 

Total securities outstanding guaranteed 
by the United States 



Total public debt and guaranteed 
obligations 1/ 

Interest-bearing debt 

Matured debt and debt bearing no Interest. 
Total outstanding 



l!nd of fiscal year 



1933 



95^ 

2,108 

'♦.5'*8 
5,215 
9.007 



193't 



21,834 



21,834 
92 

231 



323 



l,i»04 
1.517 
6.653 
9.333 
7,177 



1935 



26,084 



26.084 



US 



243 

35 



396 



2.053 

10,023 

12,684 

2,190 



26,950 



62 



1936 



1937 



11,381 

17.168 

200 



62 



27.0X2 



156 
100 



253 
125 



31.102 

316 
945 



1,261 



22,158 26,480 27,645 



66 



191 

119 
5 



315 



22.539 



54 



191 

322 

5 



518 



27.053 



22,158 

381 



22.539 



312 

134 
235 

681 



633 



231 



191 

629 
5 



825 



28,701 



32.363 



127 
100 



280 

100 

19 



1938 



2.303 

10,617 

19.936 

198 



33.054 

800 
389 



1,188 



626 



32.989 



169 



191 

424 
5 



620 



33.779 



34,242 



38 
95 

267 



500 
316 

30 

312 



1.154 

9.147 

a, 846 

197 



32,344 

1.238 

319 



1939 



1.308 
7.243 

25,218 
196 



1940 



1.556 



1.558 



35.800 



119 



191 

310 
5 



log 



36.425 



681 



681 



27,161 
573 



27.734 



1.226 



2,647 
250 



4,123 



4,123 



4,123 



31.768 
1,056 



32.824 



1,422 



3.044 
252 



4,718 



4,718 



4,718 



37.707 
790 



38.497 



33.900 

26 
85 

662 



523 
396 

"♦5 

66 

872 



33.965 

l,86g 
283 



2.151 



2.676 



36,576 



l4i 



191 

252 

5 



447 



37,165 



36,116 



20 
101 

1.177 



128 

67 

1.267 



1.302 

6.383 

26,555 
196 



34,436 

2.905 
261 



3.166 



3.770 



39.886 



142 



191 

215 
5 



411 



4o.44o 



1.422 



2.987 
255 



4.665 



■♦.665 



4.665 



40.465 
625 



41.089 



206 

1,410 

1 

2.937 
299 



'*.853 



't.853 



"♦.853 



41,428 

589 



37.602 



11 

56 

1.738 



524 
559 

97 

79 

.710 



1941 



1.603 

5.698 

30,215 

196 



37.713 

4.314 
24i 



1942 



2.5O8 
3.096 

6.689 

38.085 

196 



■♦.555 



'^.775 



"♦2.376 



205 



191 

190 
6 



386 



42.968 



42,267 



19 
90 

2,381 

5 
531 
656 

3 

88 

74 
2,273 



6,120 



50,573 



10,188 

3.015 

229 

79 



13.510 



64.083 



18 
95 

3.133 

5 

537 

796 

39 

56 

92 

3.114 



48.387 



205 



7.885 



191 

173 
6 



369 



48.961 



206 

1.379 

3 

114 

2.928 
820 



5.'*50 



5.'»50 



5.451 



42.018 



"♦5.336 

554 



Source: Dally Treasury Statements. 
* Less than $500,000. 
1/ Ixcludea guaranteed securities which were sold directly to the Treasury. Consists 



45.890 



407 

1.269 

8 

114 
2.603 
1,096 



5.498 



5.498 



31 



5.529 



47.874 
622 



696 

1.269 

17 

226 
2.409 
i,74i 



6.360 



6,360 



71,96s 



98 



191 

159 
6 



356 



72,422 



Ind of month 



1942 



Sac. 



6,627 

10.534 

9,863 

49,268 

196 



76,488 



15.050 
6.384 

224 

130 



21.788 



701 
930 

21 

114 

1,563 

1.219 



4,549 



6.370 



48.496 



54.747 

585 



55.332 



4,549 



20 



4,568 



98.276 



IS 
95 

3.462 

6 
526 

irs 

57 

174 

3.597 



1943 



Jan. 



7.423 
10.741 

9.863 

"♦9.273 

196 



77.496 



16,246 
6.749 

224 
137 



23.356 



9.032 



107. 308 



75 



221 
191 

369 

6 



787 



108. 170 



100.852 



19 
95 

3.>»58 

7 
530 
969 

170 

107 

197 

3.627 



8,232 
11,161 

9.863 
"♦9.273 
126 



78,726 



17.067 
7.125 

224 
144 



24,560 



9.172 



110,024 



75 



225 
191 

549 
6 



970 



701 

930 

22 

114 

1.533 

S96 



4.196 



87 



4,283 



76,517 
474 



76,991 



4.301 



111.069 



701 
930 

21 

114 

1.533 

896 



103,286 



19 
155 

3.439 

7 
533 
978 
198 
169 
187 
3,880 



9.565 



112,851 

80 

224 
191 

672 
6 



1.093 



114.024 



4,196 



81 



4,277 



14 



4,291 



111,591 

880 



112,471 



114.301 
1,060 



115.361 



701 

930 

22 

114 

.533 



4.196 



79 



"♦.275 



12 



4,287 



117,126 
1,185 



118,311 



26 



Composition of the Interest-Bearing Public Debt 



Xnd of fiscal 7a«r 
or Booth 



1933. 
193«. 

1935- 
1936. 
1937. 

193«. 

1939 

19>tO. 

19>»1. 

19)12. 



igUa-february. 
March 



Iprll. 
(tay... 
Jnna. . 



July 

lugaat 

S«ptemter . 

Octobar. .. 
lloTaalMr. . 
Dseaaber. . 

1943-JaaBar]r... 
Tsbnary. . 



Interatt-bMfinc pabllo debt outttaodln^ l/ 
(In million* of dollars) 



lotiJ. 



22.158 
26,U80 

27.6^5 
32.989 
35.800 

36.576 
39.886 
'i2.376 
i«.3«7 
71.968 

61,895 
6i,9i«0 

68.108 

71.968 

76.6ql* 
81, 2W 
85,81*7 

92.265 

95.'*58 
107. 308 

110,024 

112.851 



Bonds 



1U,223 
16,510 

l'*,936 

18,628 
a. 322 

23,599 
27,566 
29.917 
3U.966 
'Mi,776 

W»,305 
i»i*,847 

1*5,363 
Us, 157 
1*8,776 

51,765 
53.680 
5U,i*i3 

57.285 
57.991 
6U,86g 

66,076 
66,905 



Hotss 



>*,5l*8 
6,653 
10.023 
U.381 
10.617 

9.IU7 

7.2^3 
6,383 
5,698 
9.703 

8.398 

8,107 

8,315 
8,670 
9,703 

10,01*6 

10,1*28 

12.095 

15.099 
15.798 

16. 21*7 

16.612 
16.988 



Bills and 
certificates 

of 
indahtedness 



3.063 
2.921 
2.053 

2.351* 
2.303 

I.15I* 

1,308 

1.302 
1.603 
5,601* 

2,002 
1,652 

3.1*60 

3,76U 
5,601* 

6.799 
8.873 

10.829 

11.336 

12,882 
17.161 
18. 163 
19.393 



Special 
lisue* 



323 
396 

1.558 

2,676 
3.770 
i*,775 
6,120 
7,885 

7.190 

7.333 

7,358 
7,518 
7.885 

8,125 

8,262 
8.509 

8,585 
8,787 
9,032 

9.172 
9,565 



Percent of Interest-hearlo^ public debt 



Total 



100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



61*. 2 

62.1* 
51*. 

56.5 
59.6 

61*. 5 

69.1 

70.6 
72.3 
67.8 

71.6 

72.1* 

70.3 
70.8 
67.8 

67.5 

66.1 

63.1* 

62.1 
60.8 
60.5 

60.1 
59.2 



20.5 

25.1 
36.3 

3U-5 
29-7 

25.0 

18.2 

15.1 

U.8 

13. u 

13.6 
13.1 

12.9 

12.7 
13.1* 

13.1 

12.8 

ik.x 

16.3 

16.5 
15.1 

15.1 
15.1 



Bills and 
certificates 

of 
Indabtednees 



13.8 

11.0 

7.1» 

3-2 
3.3 
3.1 

3-3 
7.8 

3.2 
2.7 

5.1* 
5-5 

7.8 

8.8 
10.9 
12.6 

12.3 
13.5 

16.0 
16.5 

17.2 



Special 
Issues 



1-5 
1-5 
2.3 
1-9 
>*.3 

7.3 

9.5 

U.3 

12.6 

11.0 

U.6 
11.8 

11.1* 
u.o 

11.0 
10.6 

10.2 

9-9 

9.3 
9.2 

8.1* 

8.3 
8.5 



Source: Dally Treasury Statements. 

1/ Does not Include securities issued by lederal agencies and 
guaranteed by the United States. 



Tlacal year 
or month 



1933 

1931* 

1935 

1936 

1937 

1938 

1939 

191*0 

191*1 

191*2 

19l*2-?ebruary 

March 

Iprll - 

y*»r 

June 

July 

Aocuat 

September 

October 

■oTember 

December 

19>*3-Jaauary 

February 

Source: lally Treasury Statement* 
• Use than $50,000. 



Total 



9.697-1 
13,583.0 

13,125-5 

lU.120.8 

9.589-1* 

9,620.8 
13,083.6 
13.165.6 
17,81*6.7 
37,i6i*.3 



160.6 
593-1* 
,116.1* 
,300.0 
,210.9 

.277-0 
,578.3 
,168.1* 

,929.1* 
.729.9 
,61*3.1 

5,078.1 
6,982.6 



Public Debt Receipts and Expenditures 

(In millions of dollars) 



Baoelpts 



Public Issues 



Cash 



9.392.0 
9,160.9 
5.7159 
8,958.0 
6.198.6 

i*.775.8 

7.1*75.1 

7,19!*.!* 
10.1*62.1 
30.690.9 

2,999.8 
1,1*03.0 

3.051.3 
1*, 119.1 
5,21i*.i* 

5.008.1* 

5. 381*. 6 

7,829.7 

7,806.9 

6,506.5 

15.369.8 

4,898.1* 

6,566.5 



Adjusted 
serrlce 
bonds 



1.668.8 
IU0.6 

12.8 
6.6 
8.1* 
2.2 
1.3 

.1 

.1 

.1 
.1 
.1 

.1 
.1 
.1 

.1 
.1 



Izchasges 



i*,158.5 
6,963-7 
2,978-2 
I.75I-I* 

2.673.8 

3,03i».9 

2,812.0 

3.141.6 
596.0 



1*8.6 
19.7 



Special 
Issues 



305-0 
263.7 
1*1*5.9 
515-9 
1.1*98.9 

2,158.5 
2.567.1 

U',2TO.8 
5,876.2 

160.5 

190.1* 

64.9 

ISO. 7 

3.996.4 
268.5 
193.7 

290.0 

102.7 
223.3 

273.2 

179-7 

416.0 



Total 



6.645.4 

9.068.5 

11.477.7 

9,043.2 

6.91*3 -3 

8,880.7 

9,808.8 

10,637.6 

11,852.8 

13.703.3 



791 
1,551* 



7 
7 

571*. 1* 

590.7 

5.359-0 

563.2 
1.029.3 
3.370.0 

1.509.0 
3.517.9 
3.589-0 

2,178.7 
4,028.2 



Sxpendlturea 



Public Issues 



Cash 



6,35i*.6 
4.719-5 
4.305.1 
5.542.0 
4.625.0 

5.166.0 
5,301.0 
5,679-8 
5,815.6 
8,996.1 

757.8 
1.507.6 

533-7 

670.0 

1.729-8 

534-6 

973-2 
3.278.6 

1.462.2 
3.496.8 
3.560.3 
2.139.8 
4.005.1 



Izohangas 



4.158.5 
6.963-7 
2.978.2 
1,751-1* 

2,673.8 

3,03i*.9 

2,812.0 

3,141.6 

596.0 

.2 



48.6 
19-7 



Special 
lasuea 



290.8 
190.6 
208.8 
523.0 
567.0 

1,040.8 
1.472.9 
2,145.8 
2,895.6 
4.UI.3 

33-7 
47.0 

40.6 

20.7 

3.629.2 

28.7 

56.1 

42.8 

27.2 
21.2 
28.7 

38-9 
23.0 



Izeeas 
of 

reoalpts 



3.051-7 
4.5l'*-5 
1.647.8 
5.077.7 
2,646.1 

740.1 

3,27i*-8 

2.528.0 

5.993.9 

23,1*61.0 

2,368.9 

38.8 
2.^.0 

3!85l'8 

4.713.7 
4,549.0 
4,798.4 

6,420.3 

3,211.9 

12,054.1 

2,899.4 
2,99*.4 



27 



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o 
o 



o 



o 

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o 



O 



O 
in 



O 






CM 



I 



(/> 2: 

O 



< 

_i 

CO 

O 

Q 
UJ 
LiJ 

I- 

< 
< 

o 

Q 
< 



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m 
O 




CO 
St 



ID 
CO 



■«1- 



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CO 



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28 



Computed Annual Interest Charge and Computed Rate of Interest on the Interest-Bearing 

Public Debt and Guaranteed Obligations 



(In millions of dollars) 



bd of fiscal 
year or iDontb 



1933 

193'* 

1935 

1936 

1937 

1938 

1939 

19'« 

19U1 ^ 

191*2 

IjUs-Tebruary . . 
March 

April 

iff 

Jon* 

July 

Attgoit . ■ . ■ 
September. 

October. . . 
BoTcmber. . 

December. . 

igUS-January . . . 
Tebruar7 . . 



Total Issued and guaranteed by 
the United States 



Interest-bearing 
debt out- 
standing 



22.158 
27.161 
31.768 
37.707 
UO.U65 

Ul,U2g 
1*5.336 
1*7.87'* 
5'*.7U7 
76.517 

67.568 
67.606 

70.163 
73.775 
76.517 

81,21*5 
85.811 
90.399 

96.509 

99.702 

111.591 

111*. 301 
117.126 



Computed 
annual 

interest 
charge 



71*2 
861 
863 
970 
I.0U7 

1.068 

1.1U9 
1.203 
1.335 
1.729 



1.591* 
1.609 

1.63'* 
1.706 
1.729 

1.8O9 

1,880 

1.938 

2.01*5 
2.092 
2.291 

2.336 

2.383 



Coiqiuted 
rate of 
interest 
(Percent) 



3.350 
3.169 
2.716 
2.573 
2.588 

2.579 
2.531* 
2.51U 

2.1*38 
2.260 

2.360 
2.380 

2.329 
2.312 
2.260 

2.227 
2.191 
2.IU3 

2.119 
2.098 
2.053 

2.0U1* 

2.035 



Total issued bjr 
the United States 1/ 



Interest-bearing 
debt out- 
standing 



22.158 
26.1*80 
27.6U5 
32.989 
35.800 

36.576 
39.886 
1*2,376 
1*8,387 

71 .968 

61.895 

6i,9»*o 

61*, 1*96 
68,108 
71.968 

76.6ql* 
81,21*1* 
85,81*7 

92.265 
95.1*58 
107. 308 

110,021* 
112,851 



Source: Dally Treasury Statements. 

1/ Treasury bills are Included in interest-bearing debt figures 
at face amount, but for the purpose of calculating the com- 
puted annual interest charge and the computed rate of interest, 
the discount value is used. For the purposes of computing the 
annual interest charge and rate of interest on United States 



Computed 
annual 

interest 
charge 



71*2 
81*2 
751 
81*5 
92I* 

91*7 
1,037 
1.095 
1.218 

i.6i*U 

1,1*88 

1,503 

1.527 
1,600 
l,6iti* 

1.725 
1.796 
1.853 

1.96I* 

2,010 
2,210 

2,251* 
2,302 



Computed 
rate of 
interest 
(Percent) 



3.350 
3. 181 
2.715 
2.562 
2.582 

2.589 
2.600 
2.583 
2.5I8 
2.285 

2.1*01* 
2.1*26 

2.368 
2.31*9 
2.285 

2.2l*9 
2.210 
2 159 

2.129 
2.106 
2.059 

2.01*9 
2.0ltO 



Total guaranteed by 
the United States 2/ 



Interest-bearing 
debt out- 
standing 



681 
1*,123 
U,718 
U.665 

i*.853 
5.1*50 
5.1*98 
6.360 
i*,5U9 

5.673 
5.666 

5,666 
5.667 
i*,5U9 



551 
567 
552 

.2U3 

,21*4 

1*,283 

'*,277 
'*.275 



Computed 

annual 

interest 
charge 



18 
112 
125 
123 

121 
112 
109 
117 
85 

107 
106 

106 

106 

85 

eh 

81* 
81* 

81 
81 
82 

82 
82 



Computed 
rate of 
interest 
(Percent) 



2.710 
2.720 
2.650 
2.633 

2.1*98 
2.052 

1.978 
1.83U 
1.861 

1.879 
1.878 

1.878 
1.878 
1.861 

l.SUg 
1.81*3 
l.gl*8 

I.9I8 
I.9I8 
1.905 

1.907 
I.9O8 



savings bonds. Series A-B are coaelderod to yield 2.90 percent 
per annum and Series T is considered to yield 2-53 percent. 
Iidudes securities guaranteed by the United States which were 
sold directly to the Treasury. Consists only of securities 
guaranteed by the United States as to both principal and 
interest. 



29 



Maturity Schedule of Interest-Bearing Public Marketable Securities 
Issued or Guaranteed by the United States-^ 
As of February 28, 1943 



Taar 

•ad 

■•Bth 



X9>»3. 



Mmr.. 
)tajr.. 
May.. 

Jma. 
Joa*. 

July. 

S«pt. 
Oot.. 
■or.. 

I>*e.. 



i94>».r*k.. 
t»\>.. 

Mw.. 
Kar.. 
Apr.. 
Apr.. 
Maor.. 
Mv.. 
J\ma. 
Sapt. 
Sapt. 

Dae.. 



19l»5-fab.. 
Mar.. 
Mar.. 

Jnna. 
Sept. 
Oct.. 
Dae.. 
Dec. 



19>»6-Jaa.. 
Mar.. 
Har.. 
Apr.. 
Jona. 
Juaa. 
Dae.. 



IS^T-Jan.. 
Jana. 
Sapt. 
Oct.. 
Oac. 



19)fg-«ar.. 
Mar.. 
Jona. 
Jtme. 
Sapt. 
Oac. 



19'^-Maj'. . 
Jnaa. 
Jiuia. 
Sapt. 
Oac. 
Dec. 
Dtc. 



1950-Mar.. 
Mar.. 
Sept. 
Sic.. 



(la ■lllloBi of dollara) 



DaieriptlOB of aaoorlty 2/ 



Traasory bills 

3/'t)( Traaanry aota D 
3M CCC Bota T 
.63^ Certificate! of 

lodebtedneaa C 
l-l/g^ TreaBury note A 
3-3/8)' Treaiury 'boBd 
l-l/g)l ETC Bote T 
7/8JI Certlfleatea of 

iBdebtadBaas B 
1% Treasury aota C 

3-l/l»3t Traaeury boad 
7/8)1 Certlfleatea of 

iBdabtedBaiB D 
7/8f( Certificates of 

ladebtedaess I 
1-1/8^ treasury note B 

Total 

7/6% 

1% 

3-1/'** 

^i 

3-1/U^ 

5i 

3% 

3/'*)» 

Total.. 
l-l/8)t 
3/1*^ 
l-l/'*5t 

1-1/2* 

^-3/l^)f 
z-xlvf. 



5/1/1*3. 



5/1/U3.... 
6/15A3.... 

6/15/1*3-1*7. 
7/i5/'*3.... 



- 8/1/1*3... . 

- g/is/its.... 

- 10/15/1*3-1»5. 



- U/i/'*3. 

- i2/i/»»3. 

- 12/15/43. 



TPaA BOta B 
Certlfleatea of 

tadebtedaaas A 
Treaaury aota B 
nvc boad 
BTC aotc V 
Treasury boad 
HOLC boad A 
riMC bond 
Treasury aota A 
Ir4aaury aota C 
Ireasary aote 

Series) 
Treasury bond 



2/1/41*. 



- 2/1/1*1* 

- 3/15/44 

- 3/15/44-64... 

- 4/15/44 

- i*/i5/i*4_i*6... 

- 5/1/44-S2... 

- 5/15/44-49... 

- 6/15/44 

- 9/15/44 

- (Hat. Defeaaa 

- 9/15/44 

- 12/15/44-54... 



OCO aote 
Treasury aota A 
Trbasury aote 
HOLC bead M 
Treasury boad 
Treasury bond 
Treasury bond 
Treasury note B - 
Series) 



2/15/45 

3/15/45 

3/15/45 

6/1/45-1*7... 

9/15/45-47... 
10/15/43-45... 

12/15/45 

(Hat. Defease 
12/15/45 



Total., 

m 

3)t 

l-l/2)f 
Total . . 



Conrerslea boad 
Ireasary aota A 
Treasury boad 
Treasury boad 
Treasury bond 
Treasury bend 
Traaeury aote B 



1/1/46.... 
3/15/46.... 
3/15/46-56. 
4/15/1*1*46. 
6/15/46-48. 
6/15/1*6-49. 
12/15/46.... 



3)( CoQTcrsloa boad 
l-l/2)t HOLC bond M 
2-3/4)4 Treasury boad, 
4-l/4ii Treasury boad 
2)( Treaeury boad 
Total 



1/1/47.... 

6/1/45-47. 

9/15/45-47. 

10/15/47-52. 

12/15/47.... 



S$ Treasury boad 

2-3/4)f Treasury boBd 
3)» Treasury bead 
1-3/4)1 Treasury bond 
2-l/2)t Treasury boad 
Z% Treasury bond 

Total 



- 3/15/48-50. 

- 3/15/48-^1. 

- 6/15/46-1*8. 

- 6/15/48.... 

- 9/15/48.... 

- 12/15/48-50. 



3)( riMO bond 
3-l/8)t Treasury boad 
2* Treasury boad 
2)( Treasury boad 
3-l/8)t Treasury bead 
2-l/Z% Treasury boad 
2% Treasury bend 
Total 



5/15/44-49. 

6/15/46-49. 

6/15/49-51. 

9/15/49-51. 
12/15/49-52. 
12/15/49-53. 
12/15/49-51. 



2* Treasury boad 
S% Treasury boad 
2-l/2)t Treasury bond 
2)( Treasury bond 
Total 



3/15/48-50. 

3/15/50-52- 

9/15/50-52. 

12/15/48-50. 



Ostalled aanaal maturities 



Ilzad- 

aatarlty 

lesuaa 



8,232 

66 

289 

1.506 

4^ 
324 

1,609 
279 



Callable Issues 
elasalflad by year of 1 



2.035 

3.800 
421 



19.645 
114 

2,ai 
515 



571 



4i6 
28 j|) 

635 



4.745 
412 
718 

1,606 



541 
531 



3.808 

16 

503 



3.261 



3.780 
13 



701 



714 



3.062 
451 



3.513 



nrst 

eall 



1.401 



1,401 



95 



1.519 
779 
835 



1.037 



4.264 



755 
l,2l4 



1.969 



489 



1.036 
819 



2,344 



759 



759 
1.115 
1,223 



571 



2.910 



1.014 

1,292 

491 

1.786 

2,098 



6,682 



1.963 

1,186 



3,149 



(Continued on follovlng pa^) 



riaal 
maturity 



Total sLBBual maturities 



Ized-maturlty 

issues plus 

callable Issuas 

elaaslfled by year 

of first call 



rizad-maturlty 

lasxMs plus 

callable Issuas 

olaasli'led by year 

of final maturity 



21.046 



1.401 



1,401 



1.519 



1.519 



9.009 



19.645 



5.777 



755 
1.214 



1.969 



1.036 



1.036 

835 
8I9 



1.654 
1.115 



571 



1.687 



6.124 



1.473 



6,423 



4.745 



5.209 



6,682 



3.149 



5.299 



2.683 



4,549 



1,654 



1,687 



/^-ii 



30 



Maturity Schedule of Interest-Bearing Public Marketable Securities 
Issued or Guaranteed by the United States^ 
As of February 28, 1043 - (Continued) 



(In nlllloas of dsllara) 



Taar 
ud 

■oath 



1951-ltar. . 
June. 
Jane. 
Sept. 
Sept. 
Seo.. 
Deo.. 
Dee.. 



1952-Kar... 
Mar... 
May... 
June.. 
Sept.. 
Oct... 
Sec... 



1953- June. 
Dec 
Dee.. 



195U-lter.. 
June. 
June. 
Dec.. 



1955-Map.. 
June. 
June. 
Sept. 
Dee.. 



1956-MBr. . 
Mar.. 
Jane. 
Sept. 



Deaerlptlon of aceurlt/ Z) 



1968-Dec 

1969 

1970 

1971 

1972-Sept... 



2-lM 
2% 



Treaauxy tend 
Treaaxirjr bond 
Treasury 'boai. 
Treaaury bond 
Treasury bond 
Treasury bond 
Treasury bond 
Treasury bond 



3/I5/US-5I. 

6/i5/i*9-5l- 

6/i5/5i-5>». 

9/15/^9-51. 

9/15/51-55. 
12/15/51-53. 
12/15/51-55. 



total 

2-1 /2jt Treaaury bond 
2jf Treasury bond 

^f, HOLC bond 

2-I/U5I Treaaury bond 
2-l/2lt Treaaury bond 
U-l/l4jt Treasury bond 
3-1/8% Treaaury bond 



3/15/52-5^. 

3/15/50-52. 
5/l/Wt-52. 

6/15/52-55. 

9/15/50-52. 
lo/i5/'t7-52. 
l2/i5/'»9-52. 



Total 

2% Treasury bond 

2-1/256 Treasury bond 
a-l/Ujt Treasury bond 

Total 



6/15/53-55. 
i2/i5/'»9-53. 
12/15/51-53. 



2-1 /2jt Treasury bond 
2-3/1*5^ Treasury bond 
2-l/'t5t Treasury bond 
UIL Treasury bond 



- 3/15/52-5^. 

- 6/15/51-5^. 

- 6/15/5^56. 

- 12/15/'A-5U. 



Total. 



2-7/a5l Treasury bond 
Z-lfkH Treasury bond 
2^ Treasury bond 

3J( Treasury bond 

2jt Treasury bond 



- 3/15/55-60. 

- 6/15/52-55. 

- 6/15/53-55. 

- 9/15/51-55. 

- 12/15/51-55. 



Total 

3_3/U5l Treasury bond 

2-1 /2f^ Treasury bond 

2-l/U5( Treasury bond 

I 2-3/U5I Treasury bond 



1957 

1958-Mar. . 
June. 



1959-Sept.,. 

1960-Mar. . . . 
Dee.... 

1961- Jane... 

1962-Jane. . . 

i963-June... 
Dec.... 

196U-Kar 

1965-Dee.... 

1966 

1967 June. . . 
Sept. .. 



- 3/i5/'*6-56. 

- 3/15/56-58. 

- 6/15/5^56. 

- 9/15/56-59. 



Total. 



2-l/2jl Treaaury bond 
2-3/U5t Treaaury bond 



3/15/56-58. 
6/15/58-63. 



Total 

2-3/U5t Treasury bond 

2-TJii> Treasury bond 
2-3/U5I Treasury bond 

Total 

3)( Panaoa Canal 

bond 
2-l/2?l Treasury bond 

2-3/14^ Treasury bond 
2-1/251 Treasury bond 

Total 

3-1A5' TMC bond 
2-3^56 Treasury bond 



- 9/15/56-59. 

- 3/15/55-60. 

- 12/15/60-65. 



- 6/1/61.... 

- 6/15/62-67. 

- 6/15/58-63. 

- 12/15/63-68. 



3/15AU-6U. 
12/15/60-65. 



2-l/2)t Treasury boni 
2- 1/2% Treasury bond 

Total 

2-1/2^ Treasury bond 



6/15/62-67. 
9/15/67-72. 



- 12/15/63-68. 



Detailed ann\>al oaturltles 



rized- 

■atnrlty 

Issues 



Callable Issues 
classified by year of: 



rirst 
call 



final 

oaturlty 



1.627 



755 

1,118 

510 



U.OU 
I.02U 



1,501 



2.52'* 

725 



1,223 

i.oiU 



1.292 



2.098 



5.628 



,963 

779 



1.186 

759 
U91 



Total annual aaturlties 



Tixed-aaturtty 

issues plus 

callable Issues 

classified by year 

of first call 



Tized-aaturity 

issues plTia 

callable Issues 

classified by year 

of final naturity 



5.178 



725 



681 



681 
2,611 



2.611 



1.UU9 
'982' 



1.786 

1,118 



2.90U 

1,021* 

1,627 



1.037 



3.687 



1.501 
725 

755 
510 



3. '♦91 
U89 



£.'♦31 



50 



2-l/25t Treasury bond - 9/15/67-72. 



919 



919 



681 



1.170 



1,W*9 



l.'*85 



1.U85 



2.118 



2.831 



2.831 



2.716 
2,716 



l.UUg 

982 
2.611 



2,611 



919 



919 

95 
1.U85 



2.118 



2.118 
2,831 



2.716 



U.Oll 



2,52l» 



725 



681 



2.611 



2.'»31 



919 



1.U85 

50 

2,118 



2.831 



2.716 



5.628 



5.178 



2.90U 



3.687 



3. '♦91 



1.170 



I.UU9 
982 

2.611 

50 



919 

95 

1.U85 



2.118 
2.831 



2.716 



Source: Daily Treasury Statenont, and reports to the Treasury. 

1/ fttclud^s postal sarln^s bonds and Federal Housing 
idainlstratlon debentures. 

2/ It should be noted that callable issues appear twice in 
this column, once in the year of first call and again 
in the year of final maturity. Callable issues irtth 



respect to which a definite notice of call has been made, 
however, are listed as fixed maturities. The abbreviations 
refer to the following corooratlons; Home Owners' Loan 
Corporation. Reconstruction Finance Corporation, Commodity 
Credit Corporation, Federal Farm Mortgage Corporation, and 
Federal Public Housing Authority. 



31 



Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness 1/ 

Since January 1, 1939 

(In nllliong of dollars) 



Date of 

an- 

nounce- 

ment 


Date of 
financ- 
ing 


Description of new Treasury security 2/ 


Amount issued 


Public 

cash 

sub 

scrip- 

tions 

tenderec 


Description of security refunded 


Date 
of issue 


Coupon 

rate 

(percent) 




Term 


Total 


Fo 


r cash 


For 
ex- 
change 


Class of 
security 

i 


Coupon 
rate 
(per- 
cent) 


Call and 

maturity 

dates 


Date of 

original 

issue 


maturity 


To call 


To maturity 


Pub- 
lic 


Govern- 
ment 
accounti 
1/ 


Notes 


Bonds 




Yrs. 


Mos. 


Yrs 


Moa. 


Offerings in I939 

1 n ' ■ ' ' - 








3/15 


12/15/38 >*/ 


1-1/8 


. 


12/15/1*3 


- 


. 


5 


_ 


53 


. 


_ 


53 


. 


Treas.note 


2-1/8 


6/15/39 


6/15/3U 


V6 


9/15/38 5/ 


- 


2-1/2 


9/15/50-52 


12 


- 


14 


- 


319 


_ 


_ 


319 


_ 


Treas.note 


2-1/S 


6/15/39 


6/I5/3U 




12/15/38 6/ 


- 


2-3/'* 


12/15/60-65 


22 


- 


27 


- 


89U 


- 


- 


89U 


- 


Treas.note 


2-1/8 


6/15/39 


6/15/31* 


6/5 


6/15 


6/15/39 


3/'* 


- 


6/15/1*1* 


- 


- 


5 


- 


Ui6 


- 


_ 


Ul6 


- 


Treas.note 


1-3/8 


9/15/39 


6/15/37 


10/23 


11/1 


11/1/39 


1 


- 


3/15/^ 


- 


- 


U 


l*-l/2 


515 


- 


- 


515 


- 


Treas.note 


1-3/8 


12/15/39 


7/15/35 


11/27 


12/8 


12/8/39 


- 


2 


12/15/1*8-50 


9 


1/U 


11 


1/U 


571 


521 


50 


- 


6,26U 


_ 


_ 






12/12 


12/22 


12/22/39 


1 


- 


9/15/1*1* 


- 


- 


1* 


9 


283 


- 


- 


283 


_ 


Treas.note 


1-5/8 


3/15/1*0 


3/15/35 




12/22/39 


- 


2-1/1+ 


12/15/51-53 


11 


11-3/iJ 


13 


11-3/1* 


1,118 


- 


100 


1,018 


- 


Treas.note 


1-5/8 


3/15/1*0 


3/15/35 


Offerings in igl+O | 


3/7 


3/ib 


3/15/w 


3/'» 


- 


3/15/1+5 


- 


- 


5 


- 


718 


- 


- 


718 


_ 


Treas.note 


1-1/2 


6/15/1+0 


t 6/15/35 1 


6/10 


6/15 


6/i5/'«3 


1 


- 


9/l5/'+3 


- 


- 


3 


3 


279 


- 


- 


279 


- 


Treas.bond 


3-3/8 


6/15/U0-U3I 7/16/28 1 


7/11 


7/22 


7/22/lW 


- 


2-1/1+ 


6/15/5^56 


13 


10-3/1* 


15 


10-3/1* 


681 


631 


50 


_ 


6,605 


_ 


_ 


_ 




9/25 


10/7 


10/7 /Uo 


- 


2 


6/15/53-55 


12 


8-1/1* 


li* 


8-l/U 


725 


- 


_ 


725 


- 


Treas.note 


1-1/2 


12/15/1*0 


12/16/35 


12/11 


12/18 


12/18/Uo 


3/1* T 


- 


12/15/1+5 


- 


- 


5 


- 


531 


531 


- 


- 


U,071 


_ 




- 




Offerings in I9U1 ' | 


1/23 


1/31 


1/31/ln 


3/U T 


- 


9/15/1*1* 


- 


- 


3 


7-1/2 


635 


635 


- 


- 


2.756 


_ 


_ 


- 


- 






p/is/'+i 


3/Ut 


_ 


3/i5/'+3 


_ 


_ 


2 


. 


32 






r 5 

28 


- 


Treas.bond 


3-3/8 


3/15/1*1-1*3 


3/16/31 


2/25 


3/15 
























- 


Treas.note 


1-1/2 


3/15/1*1 


3/16/36 






3/15/1*1 


- 


2 1^ 


3/15/1+8-50 


7 


- 


9 


- 


1,116 


_ 


_ 


'U82 
■ 63U 


- 


Treas.bond 


3-3/8 


3/15/1*1-1*3 


3/16/31 




























- 


Treas.note 


1-1/2 


3/15/1+1 


3/16/36 


3/19 


3/31 


■3/i5/'»l 1/ 
l3/3i/'»l 


3/1* T 


- 


3/i5/'+3 , 


- 


- 


2 


- 


33 


- 


- 


33 


_ 


Treas.note 


1-3/8 


6/15/1*1 


6/15/36 






- 


2-1/2 T 


3/15/52-5^+ 


10 


11-1/2 


12 


11-1/2 


1,02U 


526 


50 


UU7 


6,lU5 


Treas.note 


1-3/8 


6/15/1*1 


6/15/36 


5/22 


6/2 


■3/15MI/ 
1 6/2/iH 


3/UT 


- 


3/l5/'+3 


- 


- 


2 


- 


1 


. 


- 


1 


_ 


Treas.bond 


3-1/1* 


8/l/Ul 


8/15/33 






- 


2-1/2 T 


3/15/56-58 


ii* 


9-1/2 


Ifa 


9-1/2 


1,1+1*9 


662 


- 


787 


8,26s 


Treas.bond 


3-1/1* 


8/1/Ul 


8/15/33 


10/9 


10/20 


10/20/1*1 


- 


2-1/2 T 


9/15/67-72 


25 


10-3/1* 


30 


10-3 /U 


1,596 


1,307 


100 


189 


io,UU6 


Treas.note 


1-1 /U 


12/15/Ul 


12/15/36 


10/23 


11/1 


11/1/1*1 


1 T 


^ 


3/15/1+6 


. 


_ 


1* 


U-1/2 


503 






'299 8/ 
■ 203 1/ 




RFC note 


7/8 


11/1/Ul 


11/1/38 




























- 


OCC note 




11/15/1*1 


11/2/39 


12/U 


12/15 


fl2/l5/'H 
[lO/20/Ul U 


- 


2 T 


12/15/51-55 


10 


- 


ll* 




533 


533 


_ 


_ 


U,728 














- 


2-1/2 T 


9/15/67-72 


25 


10-3/1* 


30 


10-3/1+ 


1.120 


1,070 


50 


- 


6.979 


- 


- 


_ 


_ 


Offerings In I9 


1 




























U06 


. 


Treas.note 


1-3/u 


3/15/1*2 


6/15/37 


1/11 


i/15 


l/l5/'*2 




2 T 


6/15/1*9-51 


7 


5 


9 


5 


l,0lU 


- 


- 


3O8 8/ 

■ 205 t/ 

968/ 


: 


BTC note 
ITMC bond 
ITMC bond 


7/8' 
2-3/1* 


1/15/1+2 
1/15/1*2-1*7 
3/1/1*2-1+7 


2/15/39 

1/15/35 

3/1/35 


2/13 
4/6 


2/25 


2/25/1*2 


- 


2-1/1* T 


6/15/52-55 


10 


3-2/3 


13 


3-2/3 


1.511 


1.511 


_ 




1*,697 










'*/l5 


1*/15/1*2 


1/2 T2/ 


- 


11/1/1*2 


_ 






6-1/2 


1.507 


1,507 


_ 


_ 


3.062 










5/"* 


b/5 


5/5Ae 


- 


2-1/2 T 


6/15/62-67 


20 


1-1/3 


25 


1-1/3 


882 


882 


_ 




882 










5/"* 


5/15 


5/15/1*2 


- 


2 T 


9/l5/'+9-51 


7 


1* 


9 


U 


1,292 


1,292 


- 


_ 


3.283 


_ 


_ 


_ 


_ 


5/25 


6/5 


6/5/H2 


1-1/2 T 


- 


12/15/1*6 


- 


- 


1* 


6-1/3 


1,118 


_ 


_ 


8U6 
' 272 


- 


HOLC bond 


2- 1/U 


7/1/1+2-1+1* 


7/1/35 




























- 


HFC note 


1 


7/1/1*2 


11/10/39 


6/18 


b/25 


6/25/1*2 


5/8 T2/ 


- 


2/1/1+3 


- 


_ 


_ 


7 


1,588 


1.588 






3. Ill* 










7/8 


^/15 


7/15/1*2 


- 


2 T 


12/15/1*9-51 


7 


5 


9 


5 


2,098 


2.098 


_ 




3.8U9 










8/3 


8/3 


5/5/^2 1/ 


- 


2-1/2 T 


6/15/62-67 


20 


1-1/3 


25 


1-1/3 


1,236 


1,236 


^ 


_ 


1.236 










8/6 


8/15 


8/15/1*2 


7/8 T2y 


- 


8/1/1+3 


- 






11-1/2 


1,609 


1,609 


_ 


_ 


3.273 










9/10 


9/21 


9/21/1*2 


.65 T 2/ 


- 


5/1/1+3 


- 


. 


- 


7-1/3 


1,506 


1,506 


_ 




1.992 










9/10 


9/25 


9/25/1*2 


1-1/1* T 


- 


3/15/1*5 


- 


- 


2 


5-2/3 


1.606 


1,606 


_ 




3.637 

2.142 










10/8 


10/15 


6/5/U2 1/ 


1-1/2 T 


- 


12/15/1*6 


- 


. 


1+ 


6-1/3 


2,lU2 


2,lU2 














10/8 


10/19 


10/19/1*2 


- 


2 T 


3/15/50-52 


7 


5 


9 


5 


1,963 


1,963 


_ 




1.963 










10/26 


li/2 


11/2/1*2 


7/8 T2/ 


~ 


11/1/1*3 






1 




2,035 


2.035 

loy 


- 


- 


3.105 


Ctf, of In- 
debtedness 


1/2 


11/1/U2 


U/15/U2 


11/30 


12/1 


12/1/1*2 


- 


2-1/2 T 


12/15/63-68 


21 


1/2 


?6 


1/2 -1 


2,831 


2,831 


_ 


_ 


2.831 










11/30 


12/1 


12/1/1*2 


- 


1-3/1* T 


6/15/1*8 


_ 




5 


6-1 /2[ 


3.062 


3.062 


_ 




3,36U 










11/30 


12/1 


12/1/1*2 


7/8 Ti/ 


~ 


12/1/1*3 


- 


- 


1 


- 


3.800 


3.800 


- 


- 


5.I8U 


- 


- 


- 


- 


1/21 


2/1 


2/1/1*3 


7/812/ 


- 


2/1/1*1* 


- 


. 


1 




in I9U 
2,211 


3 
2,211 






6.U02 


Ctf. of In- 


5/8 


2/1/U3 


6/25/1+2 


L 




















10/ 








lebtedness 









wres: For period between July 1, I932 and December 3I, 1938 see 
Annual Heport of the Secretary of the Treaeury for igUO, pp. 53-5U. 
Taxable issue. 

A complete record of market financing operations conducted by the Treas- 
ury for agencies issuing securities guaranteed by the United States may 
Be found in the July igUs issue of the "Treasury Bulletin", page 6U. 
Unless otherwise indicated, each offering was at par. 
The amounts shown in this coluan were sold to GoTemment Investment 
accounts direct from amounts set aside for this purpose. 



1/ 

10/ 



Additional offering at 101 of security already outstanding. 
Additional offering at 102-1/2 of security already outstanding. 
Additional offering at 102-3/8 of security already outstanding. 
Additional offering at par of security already outstanding. 
Proceeds of payment of refunded security applied to payment for new 
issue - in effect an exchange and so treated in this statement. 
Certificates of indebtedness. 
Issued primarily for refunding maturing security. 



32 



Offerings and Maturities of Treasury Bills, Beginning February 1, 1042 



Date of 

nev lasua 

or of 

maturity of 

old lesue 



19U2-?eb. U. 
Teb. 11, 
ret. IS. 
7eb. 25. 

Mar. U. 
Mar. 11. 
Mar. l5. 



Mar. 
Mar. 



17. 
Ig. 



Mar. 19- 
Mar. 25. 



ipr. 
i^r. 
ipr. 
ipr. 
i^r. 



1. 

8. 

15- 

22. 
29. 



May 6.. 

May 13.. 

May 20.. 

May 27.. 

June 3. • 
June 10 . . 
June l6. . 
June 17.- 
June 18.. 
June 19.. 
June 2U.. 

July 1.. 
July 8. . 
July 15. • 
July 22.. 
July 29.. 

Aug. 5'. 
kag. 12.. 

iae. 19.. 

kag. 26.. 

Sept. 2.. 
Sept. 9. • 
Sept. 16.. 
Sept. 17.. 
Sept. 23. 
Sept. 30. 

Oct. 7. 

Oct. ll*. 

Oct. 21. 

Oct. 28. 

Hot. k. 

Hot. 12. 

Hot. 18. 

Hot. 25. 



Dec. 2. 
Dec. 9. 
Dec. 16. 
Dec. 23. 
Dec. 30. 



19U3-Jaa. 6. 

Jan. 13- 

Jan. 20. 

Jan. 27. 

leb. 3. 
Fab. 10. 
Tab. 17. 
Feb. 2k. 



Data on new lesue s 



Maturity 
date 



19U2-May 6. 

May 13. 

Hay 20. 

Hay 27. 

June 3. 
June 10. 



June 17. 

June 16. 

June 18. 
June 19. 
July 15. 
July 22. 
July 29. 



Aug. 5. 
Aug. 12. 
Aug. 19. 
Aug. 26. 



Sept. 
Sept. 



Sapt.l6. 



Sept. 17.. 

Sept. 30.. 
Oct. 7.. 
Oct. Ik.. 
Oct. 21.. 
Oct. 28.. 

Hot. k. . 
Hot. 12.. 
Hot. 18.. 
Hot. 25.. 

Dec. 2.. 
Dec. 9.. 
Dee. 16.. 

Dec. 23.. 
Dec. 30.. 

19113- Jan. 6., 

Jan. 13., 

Jan. 20.. 

Jan. 27. 

Feb. 3. 

Feb. 10. 

Feb. 17. 

Feb. 2k. 

Mar. 3. 

Mar. 10. 

Mar. 17. 

Mar. Zk. 

Mar. 31. 



Apr. 7- 

Apr. ll*. 

Apr. 21. 

Apr. 28. 

May 5- 

Hay 12. 

May 19. 

May 26. 



Huaber of 
days to 
maturity 



91 
91 
91 
91 

91 
91 



91 

83 

78 
72 

91 
91 
91 

91 

91 
91 
91 

91 
91 

91 

*5. 

91 
91 
91 
91 
91 

91 
92 
91 
91 

91 
91 
91 

91 
91 

91 
91 
91 
91 

91 
90 
91 
91 

91 
91 
91 

91 
91 

91 
91 
91 
91 

91 
91 
91 
91 



Amount of cash 

subscriptions 

tendered 



(In mllXlona 
of dollars) 



UlO.l 
UOO.O 
3U2.I 
385.8 



510.2 

'*71.3 



535.5 

512.8 

356.7 
33U.1 

311.2 

332.7 
375.'» 

5U6'.i» 
567.2 
1*61.3 

H96.6 
690.3 

801. 3 



712.6 

671.5 
6U6.1 
650.7 
679.3 
61*5.2 

583-0 
594.0 
711.5 
891.6 

872.9 
709.8 

882.3 

797.1 

725.6 

773.2 
713.1 

981*. 8 
893.2 

905.7 
1.013.2 
1.157.1* 

1,11*9.2 

1,220.3 
1,222.9 
1.293.8 
1,220.8 
930.3 



1,21*2.6 
1,228.7 
1,306.7 
1,016.8 

1.301.8 

i,oi*i*.9 

l.lll*.2 

1,051*. 7 



Bids accepted 



Amount 



Cln alUiona 
of dollars) 



150.1 
150.0 
150.0 
I50.U 

150.5 
150.2 



150.3 
150.3 



ATerage 

price 

per hundred 



251.3 
300.8 

301.0 



301.1 

301.9 
300.1 
301.2 
351.9 
350.3 

352.6 
350.7 
352.1* 
353.0 



350.9 

51.2 

2.1 



ko; 



1*01.5 

1*01.1 

1*00.2 
1*00.1* 

505.1 

50U.6 

500.1 
501.1* 
501.5 
501.2 

50^.2 
501*. 8 

600.8 
601.1 
603.0 



600.1 
601.5 
701.5 

702.2 

701.9 
707.8 
703.0 
700.8 



99.91*1* 
99.937 
99.933 
99.933 

99.91*1* 
99.91*2 



99.951 
99.953 



150.1* 


99.952 


150.9 


99.91*7 


150.1 


99.929 


150.1 


99.920 


150.1 


99.915 


150.1* 


99.910 


250.7 


99.907 


251.7 


99. 908 


251.0 


99.908 



99. 908 

99.907 

99.908 



99.911* 

99.909 
99.908 
99.908 
99.907 
99.907 

99.906 
99.905 
99.906 
99.907 

99.907 
99.907 
99.907 

99.906 
99.906 

99.907 
99.906 
99.906 
99.906 

99.906 
99.907 
99.906 
99.907 

99.907 
99.907 
99.908 
99.908 
99. 908 



99.910 
99. 908 
99.907 
99.906 

99.907 
99.906 
99.906 
99.906 



IqulTalent 
aTorage 
rate 1/ 



(Peroent) 



0.220 
0.250 
0.263 
0.266 

0.222 
0.229 



0.195 
0.203 

0.221 
.0.261* 
0.281 
0.317 
0.335 

0.358 
0.368 
0.365 
0.365 



0.365 
0.366 

0.365 



0.362 

0.360 
0.365 
0.365 
0.368 
0.370 

0.372 
0.372 
0.372 
0.369 

0.367 
0.368 
0.369 

0.370 
0.373 

0.369 
0.373 
0.373 
0.373 

0.373 
0.373 
0.371 
0.370 

0.368 
0.367 
0.36I* 
0.363 
0.365 



0.357 
0.363 
0.366 
0.370 

0.369 
0.372 
0.373 
0.31k 



Amount of 

maturing 

Issue 



Total bills 

outstanding 

(as of data 

shown In 

first column) 



(In mllllans 
of dollars) 



150.1 
150.0 
200.2 
200.0 

200.2 
150.0 
150.2 
150.0 
150.0 
150.2 



150.0 
150.3 
150.2 

150.1 
150.0 
150.0 
150.1* 

150.5 
150.2 
150.3 
190.3 
150.4 
150.9 



150.1 
150.1 
150.1 

I5O.U 
250.7 
251.7 
251.0 

251.3 
300.8 
301.0 
301.1 

301.9 

300.1 
301.2 
351.9 
350.3 

352.6 
350.7 
352.U 
353.0 

350.9 
351.2 
1*02.1 
1*01.5 
1*01.1 



1(00.2 
1*00.1* 
505.1 

50i*.6 

500.1 
501.1* 
501.5 

501.2 



(In millions 
of dollars) 



2,101.1* 
2,101.5 
2,051.3 
2.001.7 

1.952.1 
1.952.3 
1,802.1 
1.652.1 
1,652.3 
1.502.1 
1,652.1* 

1,802.8 
1,953.7 
1.953.7 
1.953.'* 

i.953.'t 

1.953.7 
2. 05!+. 3 
2,156.0 
2,256.6 

2.357.1* 
2,508.0 

2.357.7 

2.508.5 
2.358.1 
2,207.2 
2.508.3 

2.810.2 
3,110.2 
3,261.1* 

3,U63.2 

3.663.3 

3.865.5 
3.965.5 
u.066.2 

l*.l68.2 

U.267.7 
1*.318.2 
l*,Ul9.2 
1*, 1-18.1 

i*,5l9.7 
i*,6i8.9 

1*. 719.0 

1*. 818:2 

u, 971.5 
5.125.7 

5.27^.3 
5,U2U.o 

5.573.2 
5,721.1* 

5.873-8 
6,027.3 
6,226.1 
6.1*25.6 
6,627.5 



6,827.1* 
7.028.5 
7,225.0 
7,1*22.7 

7,62i*.i* 
7.830.8 
8,032.1* 
8,231.9 



Sourcs: Accounts of Public Debt Serrlca. 

Back Figures: Annual Beports of the Secretary of the Treasury. 
1/ Bank discount basis. 



33 



Fiscal year 
or month 



1935- 
1936. 
1937. 
1938. 
1939. 
19'W. 
19'*l. 
19U2. 



igUS-rebniary. 
March 



April. 
May... 

Jun*. . 



July 

August . . . . 
September . 



October. . 
Norember . 
Cecenber . 



igUS-Jaauary. . 
February. 



1935- 
1936. 
1937. 
1938. 
1939. 
19'*0. 
igiii. 
igits. 



iglta-FebruBry. 
March 



April. 
May... 
June. . 



July 

Auguat . . . . 
September . 



October . . 
HoTember. 
December . 



19'*3- January.. 
February. 



Sales of United States Savings Bonds 
Table 1.- Summary, by Series 

(In millions of dollars) 



Amount 
outstanding 

end of 
fiscal year 
or month 1/ 



Net 

change 

during 

fiscal year 

or month 



62.0 

316.1 

799.6 

1.237.7 

1,868,1 

2.90'*. 7 

U,3lU.o 

10,188.2 

7.893.'* 
8.'*35-9 

8.951.0 
9.569.0 

10.188.2 
11.077.8 

11.751.2 

12,U78.g 

13. 380. 8 
ll*. 078.9 
15,01*9.8 

l6,2i*6.i 

17.067.5 



62.0 

316.1 

799-6 
1.237.7 
1,868.1 
2,90i+.7 
3.650.2 
3.6o't.2 

3.616.5 
3.6l2.i» 

3.6O8.9 
3.6oi*.8 
3.604.2 

3.609.7 
3.608.2 

3.606.3 

3.604.2 
3,602.6 
3.603.2 

3.ti08.9 
3.609.5 



+62.0 

+254.1 

+U83.5 

♦U38.O 

+630.5 

♦1,036.6 

+1,409.3 

+5.874.2 

+695.1 
+542.5 

♦515.1 
+618.0 
+619.2 

+889.7 
+673.3 
+727.6 

+902.0 

+698.0 
+970.9 

+1.196.3 

+821.4 



+62.0 
+254.1 

+483.5 
+438.0 
+630.5 
+1.036.6 
+745.5 
-46.1 

-2.0 
-4.1 

-3.5 

-4.1 
-.7 

+5.6 
-1.6 
-1.9 

-2.2 

-1.6 

+.6 

*5-7 
+.6 



Analysis of net change 



dross sales 



Total 

funds 

received 



Adjustment 
of sales 
reported 
to funds 

received 2/ 



Sales 

reported 

2/ 



Accrual 

of 

redemption 

values 



All aeries 4/ 



62.6 

264.0 

512.6 

487.5 

684.5 

1,108.7 

1,492,4 

5.994.1 

703.3 
557.9 

530.5 
634.4 
633.9 

900.9 
697.3 
754.7 

935.0 

734.6 

1,014.2 

1.240.4 

887.2 



-65.1 
-12.8 r 

+117.6 
+37.7 

-3.2 r 

+16.0 
+5.8 

-3.3 
+27.3 
-70.6 

+132.8 

+10.8 
-20.5 

+18.4 p 



Series A-D 



62.6 

264.0 
512.6 
487.5 
684.5 
.108.7 
828.0 



62.6 

264,0 

512.6 

487.5 

684.5 

1,108.7 

1.557.5 

6,006.9 r 

585.7 
520.3 

533.8 r 

6I8.4 

628.2 

904.2 
669.9 
825.2 

802.2 

723.7 

1.034.7 

1.230.8 
868.8 p 



62.6 
264.0 
512.6 
487.5 
684.5 
1,108.7 

828.0 
.8 



(Continued on following page) 



7.6 
6.6 

5.9 

5.8 
8.0 

14.3 
8.2 
7.2 

7.2 

6.7 

11.4 

18.8 
10.5 



1.2 
7.2 
17.1 
28.0 
42.1 
65.0 
85.9 

7.6 

6.6 
5-9 

4.8 

7-3 

13.2 

7.5 

6.5 

5.8 
'*.7 
7.3 

13.3 
7.5 



Kedemptlons 



Total 



.5 
11.2 
36.2 

66.6 

82.0 

114.3 

148.1 

207.4 
15.8 

22.0 

21.3 
22.1 
22.8 

25.5 
32.2 
34.3 

4o.i 
43.2 
54.7 

63.0 
76.4 



• 5 

11.2 

36.2 
66.6 

82.0 

114.3 
147.5 
132.7 

9.6 
10.7 

9.4 
8.9 
7.9 

7.6 
9.0 
8.4 

7.9 
6.3 
6.7 

7.5 
6.9 



Original 
purchase 
price ^ 



.5 

11.1 

35.9 

65.6 

80.0 

110.8 

142.8 

200.9 

15.3 
21.4 

20.7 
21,6 
22.3 

25.0 

31.6 
33.7 

39.6 
42.7 

5/ 

5/ 
5/ 



• 5 
11.1 

65.6 

80.0 
110.8 
142.2 
126.2 

9.1 
10.1 

8.9 
8.4 
7.4 

7-2 

8.4 

7.8 

7.4 
5.9 
5/ 

5/ 
5/ 



Interest 
accrued 



1/ 



.3 
1,1 
2.0 
3.4 
5.3 
6.5 

.5 

.6 

.5 
• 5 
.5 

•5 
.6 
.6 

.5 
.5 
5/ 

5/ 
5/ 



.3 
1.1 
2.0 
3.4 

6.5 

• 5 
.6 

.5 
.5 

.5 

.5 
.6 
,6 

.5 
.4 

5/ 

5/ 

5/ 



■i^ 



ritcal 7««' 
or BOnth 



I9U1. 



191*2- lebruaxy. 
March 



April. 
May... 
Jon*. . 



Jaly 

Ao^it . . . . 
September. 

October.. . 
HoTenber . . 
December. . 

19l»3-J«n\i»ry . . . 
rebruary. . 



I9UI. 
191*2. 



19i»2-7«bru«py . 
Harch 



April. 
May... 
Jaoa. . 



July 

Ao^it . . . . 
September . 

October. . . 
Horember . . 
Qeceober. . 

I9U3. Jamiary . . . 
7ebriaary. . 



I9UI. 
191*2. 



191*2- Febroary. 
March 



April. 
May... 
June. . 



July 

Au^et . . . . 
September . 

October. . . 
November. . 
December. . 

I9I*}- January . . . 
February. . 



Sales of United States Savings Bonds - (Continued) 
Table 1.- Summary, by Series - (Continued) 

(In mllllonB of dollare) 



Amount 
ontetandlnf 

end of 
flecal year 
or month 1/ 



Net 

change 

during 

flecal year 

or month 



203.1 
3.670.8 



836.6 
21*8.9 



191.5 
519.9 

;56 

•1*8 
670.8 

165.1 
600.8 
088.8 

726.3 
237.'* 
923.2 

693-7 
267.1* 



66.6 
1*98.9 

336.0 
376.7 

1*16.3 
U5g.i* 
1*98.9 
572.2 
623.8 
681*. 

71*1*. 2 
788.6 

853.9 
929.8 
976.6 



^9U.o 
Uii*. 



2,i*ii*.3 



7*^.3 
,926.9 
089.2 

256.9 

1*11*. 3 
730.8 
9I8.5 
.099.7 
.306 
.1*50 
.669 



3 
5 

.013.7 
. 214.0 



♦203.1 
♦3.'*67.7 

+393.1* 

+328.1* 

+316.7 

+1*12.3 
+1*21.9 

■0*91*. 3 
■^35-7 

♦1*88.0 

+637.5 
+511.1 
+685.8 

+770.5 
+573.7 



+66.6 
♦1*32.3 

+51.1* 
+1*0.7 
+39.6 
+1*2.1 

+i»o.5 

+73-3 

+51.6 

+^.2 

+60.3 
+W*.i* 
+65.3 

+75.8 
+1*6.8 



+39U.O 

+2,020.3 
+252.2 

+177.6 
+162.2 
+167.8 
+157.'* 
+316.5 
+187.5 
+181. 3 
+206.1* 
+ll*l*.2 

+219.2 

+31*4.3 

+200.3 



Orose Bales 



Total 

funds 

received 



203.1 
3.526.3 

398.0 
337-6 

326.7 
1*21.8 
1*33.2 

5O8.I 
U54.O 
509.9 
b61*.8 
51*1.6 
725.8 
814.9 
633-6 



66.7 
434.9 

51.8 
41.1 

4o.0 
42.5 
41.0 

73.7 
52.3 
60.8 

60.6 
44.8 
66.0 

77.1 
48.3 



39H.6 
2.032.1 

253.'* 
179.2 
163.8 
170.1 
199.7 
319.1 
191.0 

184.0 

209.6 

146.2 
222.4 

348.4 

205.3 



Adjustment 
of sales 
reported 
to funds 

received 2/ 



Series B 



-15.0 r 

♦31.9 
+10.1 

-6.6 r 

+5.4 
+14.2 

+7.7 
+13.5 
-33-1 
+81.3 

+1.2 

-16.4 

+5.8 
+6.1 p 



Series F 



-8-3 
-2.0 



Series 



-56.8 
+1*.3 

+73-6 
♦23.1 

♦1.5 

♦9.8 

-7-5 

-g-i* 
+10.0 
-29.0 
♦1*0.4 

+6.7 

-3.5 

+2.5 

+11.7 p 



Sourea: Dally Treasury Statemants and reports of gross sales. 

p Preliminary. 

r Revised. 

• Less than $50,000. ^. ^ . ,. ^ > * 

1/ At current redemption values except Series 0, which is stated at 
par. Unclnsslflsd sales shown In the Daily Treasury Statemant 
have been classified by series. 

2/ Series A-D data are shown only on a funds received basis. 

Series I data are not available on a sales reported baais prior 
to July I94I; conse(juently data for the fiscal year 1941 are on 
a funds received basis. 

3/ Xstlmated. except for Series 0. 

47 Series A-D. the sale of which commancad in March 1935 and oon- 
tinued through April 194l, are 10 year discount bonds which were 
sold at 75it of maturity value, yielding 2.90* per annua if held 
to maturity; purehaseo were limited to $7,500 issue price in any 



Analysis of net change 



Sales 

reported 

2/ 



Aocroal 

of 

redemption 

values 



203.1 
3.5^*1.3 r 

366.1 
327-5 

333-2 r 

416.5 
419.1 

500.5 
41*0.5 
543.0 
583-6 
540.3 
742.2 

S09.1 
627.5 p 



75-0 
437.0 



+12.0 

+4.4 


39.8 
36.6 


+1.8 
+ .8 
-.8 


38.2 

'♦1.7 
41.9 


-1.6 


75-3 
48.4 
69.2 


+11.1 


41.9 
66.6 


+1.5 

+.6 p 


75-6 
U7.8 p 



451.4 

2.027.8 

179-8 
156.1 

162.4 
160.3 
167.2 
328.4 
181.1 
213.0 
169.2 
l4l.5 

225-9 

3U5.9 
193-6 p 



1-5 



Hedemptions 



Total 



60.0 

9-2 

9-9 
10.4 
12.0 

14.8 
19.0 
22.5 

28.1 
32.0 
43.8 

1*9.7 
62.7 



2.9 

.4 

.4 
.4 

:i 
•5 

.8 

.6 

.9 

-7 

.9 

1.6 

1.7 



.5 
11.8 

1.2 
1.7 

1.6 
2.3 
2.3 

1:5 

2.8 
.2 
1 
3.2 

4.2 
5.0 



I 



Original 
purchase 
price 2/ 



Interest 

accrued 

1/ 



60.0 

9-2 

9.9 
10.4 
11.9 
l4.8 
19.0 
22.5 

28.1 
32.0 
43.8 
49.6 
62.7 



2.9 

.4 
.4 

.4 

:i 
.5 

.8 

.6 
.9 

if 



.5 
11.8 

1.2 
1.7 
1.6 
2.3 
2.3 

1:5 

2.8 

i-x 

3-2 

4.2 

5.0 



« 



i 



5/ 
5/ 



5/ 



l,ne calendar year and from April 1. 1940. oould b. mad* only by 
individuals. Series I. F. and hava bean on sale slnae May 1. IS** 
Series 11 is a 10 year disoount bond sold at 75» of maturity J*!**' 
yielding 2.90* per annum if held to maturity! purchases are lln»«« 
to $3,750 issue prloe in any one oal.ndar yaar and may b. »*4« '"^ 
by individuals. Series F is a 12 year discount bond sold at 7'*> <« 
maturity value, yielding 2.53)' P«' "«»» 1' "•!* *° "'*'*?;!;., 
Series is a 12 yaar ourrent Ineona bond, sold at par, bearing 
Interest at the rate of 2-1/2* P«r annum, redeemable at par on 
maturity, or at stated prioes less than par bafore »«t«lty- [f 
chases of Series F and Oln any one calendar y»«r,«'« "j"'* *' 
$100,000 issue prloe for the two series combined ($50,000 In the 
calendar year 194l) and may be made by any investors other than 
comm«rol al banks . 
5ot 7«t avallabl*. 



I 



35 

Sales of United States Savings JBonde - (Continued) 
Table 2.- Sales Reported by Series, ClasBlfled by Denomination 



nieal jresr 
or aonth 



Total 

all 

denonl- 

aatlona 



Sales lo BlUlona cf dollars at Iseue price 



Senonlaation 



$25 



♦50 



$100 



$500 $1,000 



$5,000 



$10,000 



Total 

all 

danoral- 

natlonc 



$25 



Fareentti^ distribution of sal»s 



IJenuEilit&tlon 



$50 



$100 



$500 



$1,000 



$5,000 



$10,000 



19U1 1/ 

igUs r 

19U3-f»touai]r. 
Kareb 



April r.... 

Hay 

,7wM 

Jaly 

Atlgoat 

Saptambar.. 

OetobMT 

Xovaabar. . . 

Daoanbar.. . 

191*3- January. , . . 
retruarjr p- 



•95*1 u 

S^cJ 

.9^-?ebru8ry. . . 
March 

April 

MW 

IVDM 

July 

Au^et 

Septesber. . 

October. ... 
FoTember . . . 
Daceniber. .. 

9«»>-Jia«iuy 

February p. 



9i»l 1/ 

3U2... 

?»t2-rebniary... 
March 

April 

««jr 

Juiu 

July 

Au^at 

Saptsnbar.. 

October 

SovcBber. .. 
Deeeobar . . . 



|1*3- January. . . . 
/ebruary p. 



203.1 

366.1 
327.5 

335.2 
iil6.5 
■♦19,1 

1^.5 
5U3.O 

583.6 
5^-3 
7te.2 

809.1 

627.5 



ii».U 
607.6 

&>'.z 

76.0 
105.U 
127.3 

152.6 

193.5 

217. 1» 
210.2 

265.2 

261. e 

2140.9 



13.3 
3^1.7 

33.0 

33. g 

35.5 

47.2 

50.5 
59.0 

§:! 

75.8 

73.1 

ico.i 

iie.s 
83.0 



Ul,»* 
817.6 

86.1» 
79.2 

80. 5 
101.8 
100.7 

llU.6 

98.9 

120.7 

126.8 
117.3 
163.3 

152.1* 
119.1 



75.0 
'•37.0 

39-8 
36.6 



l 



8.2 

1.7 
Ul.o 



69.2 

1*9.5 
■♦1.9 
66.6 

75-6 

1*7.8 



1*51.1* 
2,027.8 

179.8 
156.1 

162.U 
160.3 
167.2 

328. U 
181.1 
213.0 

169.2 

11*1.5 
225.9 

31*5.9 
193.6 



mrce: 
P 



fioporta of «To«» aalea. 
Pro llnl nary. 
Bevlaed. 



1.3 

.2 
.2 

.2 

.2 
.2 

.2 
.2 
.2 

.2 
.2 
•5 

•3 
.3 



19.3 

2.7 
2.2 

1.9 
1.9 
1.8 

2.0 

1-5 

1.8 
1.9 

1.6 
2.7 

2.1 
1.8 



50.6 

U.8 
U.7 

5.0 
5-7 
5.5 

7.1 
i*.9 
5.7 

5-^ 

5.0 
7.1* 

7.1* 
5.0 



U0.7 
61*5. U 

68.8 
56.5 

*.i* 
6i*.7 
57.U 

69.1* 

^:^3 

69.9 
61.5 
92.5 

97.1* 
68.2 



2.1 
27.1* 

3.0 
2.8 

2.5 
2.7 
2.7 

3.1 

2.6 
i*.l 

3.2 

2.5 



93.1* 

1.130.9 

125.3 
91.8 

86.9 
31 A 
83.1 

Id*. 8 
70.3 
92.2 

93.5 

78.2 
IZL.l 

178.7 
116.3 



100.0 
100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
IGO.O 

100.0 
100.0 
100.0 

100.0 
100.0 



Serius T 



12.2 
112.7 

10,3 
10.3 

10.7 
11.1* 
11.0 

15.7 

10.6 
13.0 

12.0 
10.5 

16.3 

19.1 

U.7 



lU.2 
123.7 

11.5 
10.8 

11.2 
12.6 

13.1 

17.5 
13.3 
19.2 

15.5 
13.5 

20,1 
16.3 

11.6 



13.6 
92.0 



90.7 
576.0 

'♦9.7 
1*7.0 

50.1 
52.5 
51.6 

73.2 
50.0 
60.9 

53.9 
69.2 

80.1 
50.7 



li*.9 

10.2 

ii*.6 

12.2 
10.0 
15.5 

11*. 8 

9.H 



1*1*. 2 

173.1* 

1U.3 
13.1 

lU.O 
lU.o 

i'*.7 

37.1* 
20.7 
30.0 

18.6 
13 -S 
23.6 

38.8 
22.1 



100.0 
100.0 

.100.0 
100.0 

lOO.C 
100.0 
100.0 

100.0 

ICO.O 
100.0 

100.0 
iOO.O 
100.0 

100.0 
100.0 



7.1 

17.2 

lU.l* 
20.2 

22.8 
25.3 
30.1* 

30.5 
36.9 
35.6 

37.3 

38.9 
35.7 

32.1* 
38.1* 



6.5 

9.6 

9.0 
10.3 

10.6 
11.3 

12.1 

U.8 
13.1 
12.8 



20.1* 
23.1 

21*. a 

2**.? 
21*. 5 
2l*.0 

22.9 
22.i* 
22.2 



13.0 21.7 
13.5 21.7 
13.5 22.0 



18.8 
19.0 



20.0 
18.2 



18.8 
17.3 

16.3 
15.5 
13.7 

13.9 

11.6 
12.1* 



12.0 
U.l* 
12.5 

12.0 
10.9 



1*6.0 

31.9 
3i*.a 

28.0 

26.1 
23.1* 
19. 8 

20.9 
16.0 
17.0 

16.0 

iU.5 
16.3 

22.1 
18.5 



Serlea 



80.9 
1*03.5 

35-2 

31.2 

34.1 
3i*-i 
35.8 

52.0 

35.6 
1*5.8 

36.1* 
30.3 
U7.6 

52.1s 

32.0 



262.1* 

884.9 

79.8 
62.9 

62.1* 
56.6 
63.3 

180.1* 
79.8 

87.7 

61.5 

1*8.5 
85.U 

186. 7 
91*. 1 



100.0 
100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100,0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



- 



1.2 

u.l* 

6.8 

6.1 

i*.9 
i».5 
"♦.3 

2.6 

3.2 

2.6 

3.8 
u.l 

2.7 

3.7 



s.e 

6.3 

7.1* 
7.5 

6.5 

6.!* 

6.1* 
4.1* 

n 

M 

6.1 

4.3 
5.3 



1S.9 

2S.3 
28.8 

29.5 
29.3 

30.2 

31.4 

23.2 

27.5 

27.7 

31.3 

32.2 
30.2 

21.5 
24.3 



18.2 
21.0 

20.7 

20.6 

22.2 
22.5 
22.3 

19. e 

21.0 
21.1 

24.6 

24.0 
23.3 

19.6 
19.8 



1.2 

2.5 

2.7 
3.0 

3.1 
3.5 
3.3 

2.2 

2.7 
2.7 

3-2 
3.5 

3.3 

2.1 
2.6 



2.7 

5.6 

5-7 
6.6 

6.6 
7.1 

6.5 

4.8 
5.9 
6.1 

7.1 
7.4 
7.2 

5.5 
6.1 



20.1 

28.4 

27.6 
30.1 

30.9 
32.8 
30.9 

22.3 
27.6 
28.6 

31.8 
33.4 
30.6 

23.2 
26.2 



17.9 
19.9 

19.6 
20.0 

21.0 

21.;; 
21.4 

15.8 

19.7 
21.5 

21.1 
21. ii 
21.1 



1/ Salea of Series E, J, and C bonda conaneccad May 1, 1941, 

2/ Sale of $25 denomination Serlea F bonds began In January 1942. 



58.9 
39.7 

35.8 
35.7 

36.6 
35-8 
35.0 

1*9.7 
42.7 

4'.'* 

33.S 
33.2 
35.5 

51.4 
46.3 



58.1 
43.6 

44. 4 
40.3 

38.4 
35.3 
37.9 

41.1 

36.4 
34.3 
37.8 



8: 



36 

Sales of United States Savings Bonds - (Continued) 
Table 3.- Salec Reported by Series, Classified by States 



PART A - SERIES E 
(In thousaod* of dollaxs at lasu* prlcaa) 



Alabtma 

Arliona 

Arkasaas 

California 

Colorado 

Connaetl cut . . ■ . 

Salavare 

Dlat. of ColimMa 
norlds 

Oaorgla 

Idaho 

Illlnola 

Indiana 

lova 

Eanaas 

Eentneky 

Loulalana 

Maine 



Maryland 

Maaeachuaetta. 
Michigan 



Mlnneaota. . . 
Mlaalealppl. 
Hlaaourl. .. . 



Montana. . 
Hahraaka. 
BoTala. . . 



Sew Haapahlre. 

Hev Jeraay 

Hev Mexico. . • • 



Hew York 

Horth Carolina. 
Berth Dakota. . . 



Ohio 

Oklahoma. 
Oregon. . . 



PennaylTaala. . . 
Rhode laland. .. 
South Carolina. 



South Dakota. 
Tanneaaae. . . . 
Tezaa 



Utah 

Taraont . . 
Tirglnta. 



Washington 

Vast Virginia. 

Wisconsin 

Wyoming 



riacal year 



I9U1 
i/ 



Alaaka 

Canal Zona 

Hawaii 

Puerto Rico 

Virgin Islands. .. 
Other possesalona 



Unallocated. 
Total 



1.381 
711 
9U0 

9,930 
1,793 
3. 9^*3 



U69 
2.592 



J.592 
2 Ml 



l,6i*2 

1*85 

l>».737 

3.6i*U 
2.7'*3 
1.879 

1.835 

1.82U 
1,083 

2.7'*5 
9,110 

8,108 

3.62U 

901 

7.W3 

771 

l,38U 

1U9 

595 

9,904 

2i*3 

1.1»92 

'*75 

10,886 
2,302 
3.15^ 

lU, 1*1*3 

1.1*78 

871* 

1*1*9 
1.707 
8.717 

1*71* 

l4«6 

2.319 

3.778 

1.187 

'♦.607 

339 



220 



191*2 

r 



191*2 



Teh. 



203,098 



28.996 
10.313 

21,l*0l* 

260.592 
21*. 81*5 

77.5^3 

7.629 
3"*, 827 
39.565 

35,61*2 

9,8l*0 

282.055 

76.661 
69.558 
35.310 

3^.293 
36,800 
17.71*6 

1*9,009 

11*1,217 

160,150 

71.181 

22.973 
9U.8OO 

17.710 

e6,oi*5 

i*,3i*o 

11.760 

160.538 

6.978 

587.21*9 

1*2.297 

ii,39'> 
190,262 

3l*,l*82 

37.39'* 

283.782 
2^.293 
18,782 

11.783 

36.73"* 

126,056 

9.919 

7.550 

56.272 

57.962 

27.6U2 

77.668 

7.066 

2.959 

315 

15.837 

1.726 

91 

11* 

1,1*72 



2,702 

958 

2,2l*6 

31.921 
2.105 
8,691 

863 
3.6O8 

l*,i*07 

3.t50 

9U9 

27.933 

7.710 

5.880 
1*,628 

3.622 

3.776 
1.930 

5.512 
16.631* 

16. IS"* 

7.122 
2.678 

8.856 

1.787 
2.738 

'♦75 

1,1*10 

16,092 
672 

61,589 

i*,332 
1.298 

17,680 

3,197 

'*,383 

27.01*2 
3.30U 

1.738 

1,212 

3.61*0 

12.362 

1.017 

6.883 

2.882 

7.575 

701 

306 

626 

166 

11 



3.5'*i.323 



366.055 



Apr. 



2.1*60 

970 
2.107 

2l+,688 
2,189 
7.232 

753 

^!206 

2.995 
908 

26.6S8 

7,866 
9,9'*7 
3.847 

3.'*67 
3.728 
1.558 

'+,095 
12,525 
15.781 

6.893 

2.281* 
8,2l*l* 

1,823 

3.058 

1*19 

1,128 

ii*,076 

609 

1*6.95'* 
3,824 

1,130 
17.556 

3.025 
3,318 

25.856 
2.1*67 
1.897 

1,270 

3,502 

12.161 

917 

613 

4.865 

5.579 
2.522 

7.511 
684 

433 

106 

1.167 

211 

15 



35 



May 



2.713 
1.040 
2,118 



21.709 
2,584 
7.296 



4.439 

2.958 

1.047 

25.546 

7,560 
9,283 
2,999 

3,051 
3,190 

1.688 

4.103 

12.951 
16,202 

7,659 
2,130 
8.235 

1.633 

3.213 
379 

1,010 
13,816 

826 

52.907 
3.669 
1,113 

17,537 

2,892 
3.079 

28,784 
2,358 

2,198 

1.392 
3.138 

11.088 

953 

688 
5.350 

5.174 
2.470 

7,124 
712 

353 
4,219 



327.495 



263 



June 



3.924 
1.418 

2.992 



29.000 

2.795 

9.199 

909 
3.771 

4,993 

4.721 

1.399 

35.838 

9.961 
9.846 
3.912 

4,086 
4,629 
2.179 

5.118 
15,889 
20,965 

8,898 

2.632 

11.287 
1.827 

3,266 
513 

1.427 

16,066 

802 

57.336 
6,163 
1,476 

23.850 
4,210 

4,165 
31.906 

2.774 
2.559 

1.647 
4,84i 
15.269 

1.339 

788 

7,241 

8.267 
3.089 

9,280 

737 

485 

165 

3,850 

189 



333.214 



553 



July 



4.513 
1.149 
2,573 

31.139 
2,844 

10,430 
1,037 

4,423 
4,269 

4,282 

1.132 

32.854 

10,794 

10,752 

4.158 

4.399 
4.757 
2,131 

5.996 
16, 402 

23.656 

9.444 

2.454 

10.961 

1,706 

3.037 
501 

1.509 

17,298 
763 

57.763 
5.090 
1.311 

22,799 
3.789 
4.571 

32,149 
3.005 
2.668 

1.458 

4,676 

13.775 

i,ii4 

766 

7.095 

7.569 

3.211 

10,527 

779 

2,566 
160 

10 



416,450 



621 



Aug. 



6,671 
1,626 
2,924 

37,157 

3.306 

11.180 

1,103 
4.434 
5.481 

5.421 

1.285 

38,891 

11,801 

11,056 

4,680 

5.643 
5.886 
2,407 

6,554 
18,126 
25,690 

io.44;s 

3,094 
11,067 

2,232 

3,656 

656 

1.791 

18,505 

909 

1.575 

31.152 

4,471 
6.337 

36,801 
3.305 
3,091 

1,685 
6,591 
16.791 

1,463 

967 

8,160 

9.025 

3.846 

11,402 

869 

577 

100 

6,163 

221 

2 



813 



419,072 



Sept. 



5,262 6,238 5.754 

1.422 1,655 1,759 

2,522 3.202 3.653 

33.435 40,909 44,722 

3.412 3.933 4,674 

9.948 10,306 16.227 

1,124 l,7l4 2,613 

4,760 • 4,728 5.359 

4.563 5.749 5,248 

5,007 6,169 5,896 

1,1*37 1,820 2,218 

33.598 38,701 44,615 



Oct. 



500,456 



11,112 
9,729 
5,269 

4.974 
4,923 
2.224 

6,246 
18,212 
19.790 

8,952 

2.519 

10,236 

l,8l6 

3.419 

643 

1,600 
16.688 

880 

54,990 
5.944 
1.306 

27,876 
4.674 
5.674 

35.058 

3.574 

• 3.002 

1,354 

5,993 

15,202 

1,507 

844 

8.291 

9,177 

3.338 

10.358 

831 

992 

130 

3.838 

164 

5 



1.423 



440,467 



(Continued on following page) 



14,440 15.121 

10.908 10.719 

6,4i4 6,838 



Hot. 



5.912 
1,660 
3.643 

36,422 

3.675 

11.683 

2,039 
5.996 
5.'*25 

6.764 

2.279 

39.776 



Deo. 



5.139 
5.663 
2.209 

6.775 
17.850 
34,115 

11,203 
2,776 

12.586 
2.264 

4.589 
865 

1,825 

22.961 

881 

72.799 
8.915 
l.6i4 

34,072 
5,020 
6,956 

43,804 
2.653 
4,152 

1,605 

7.44U 

19,807 

1.655 

872 

9.903 

9.273 

4.085 

11,213 

1,098 

647 

155 

1*.824 

350 
17 



1.500 



5.423 
6,904 
3.136 

7.396 
20,654 
34,366 



10,758 
3.57! 
11 



S.57? 
L.971* 



2,907 

4,699 

828 

2,298 

23.368 

1.130 

77,242 

8,532 
1,71*8 

31,969 
5,530 

6,978 

46,351 
5.1*77 
3.740 

1,600 
6,75; 
20 



5.755 
).384 



542.977 



2,169 

1,300 

10,291 

11.783 
4,834 

12,524 
1.345 

648 

117 

5.285 

387 

13 



1.714 



6.797 
2,336 
5,139 

55.932 

5.839 

17.808 

1.998 
7.771 
6,935 

8,377 
2.255 
51.529 



1943 



Jan. 



15.291 19.723 

10.679 20.102 

7,8l4 9,04l 



5.053 

5.993 

2,1*U 

7,163 

18. 479 
32.477 



6.565 
7.8I5 
3,163 

9,220 
27.460 

39.099 



11,120 16.674 

3,899 5.193 
13,111 16,923 



583.552 



2.470 

3.970 

939 

1.749 

19.738 

989 

70.133 
9.3^ 
2,566 

30.987 
4,673 

6,289 

42,511 
3.380 
3.911 

2,076 

6.771 

19.667 

1.954 

91*2 

10,390 

10,904 
4,581 

11.437 
1,008 

548 
80 



17 



2,226 



540,350 



3.916 

5,821 

922 

2,313 

27.320 

1,749 

89.174 

11.636 

4,304 

47.774 
7,513 
9,146 

59.162 
5.878 
5.054 

3.219 

8.791 

26,902 

2,644 

1,142 

13,812 

15.679 

5.646 

14.771 

1,644 

671 

232 

8,314 

5O8 

17 



2.816 



Teh. 
P 



8.760 
2.769 

6, 006 

63.737 

6,477 

17,211 

1,864 
8.099 

9.147 

10,280 
2,639 
54,761 

21.527 

18.284 

9.011 

7.660 
9.135 

4.377 

10,459 
29.708 
43.372 

16.270 

5.396 

18.935 

3.990 
6.556 
1.099 

2,3l4 

29.909 

1.709 

102.676 

12.736 

4,a3 

50.483 
10.715 
10,490 

58,921 

5.020 

5.120 
2.756 

10,936 

28,843 

3.715 

1.527 

15.755 

16,235 

7,192 

15.978 

1.794 

556 
627 
5.147 
93 



7.207 

2,100 
4,452 

51,828 

4.995 

10,855 

1.496 
6,667 
7.126 



742.188 



"^ 



5.671 



809.102 



■y/A 



37 



Sales of United States Savings Bonds - (Continued) 
Table 3.- Sales Reported by Series* Classified by States - (Continued) 

PART B - SERIES F AND & COMBINED 
(In tbouMiid* of doUari at Itrae prloea) 



Stat* 



Alabaoa. . 
ij-ltona. . 
Arkansas . 



California.. 
Colorado.. . . 
Connecticut. 



Delawara 

Dltt . of Columbia 
Tlorlda 



Oeorgla 

Idaho 

Illlnoia 



Indiana. 
I ova. . . . 
Kansa*.. 



Kentucky 

Louisiana 

Maine 



Maryland 

Maeeachuaetta.. 
Michigan 



Minnesota.. . 
MleeisBlpcl. 
Kiseouri. . . . 



Montana. . 
He br asks. 
BeTada. . . 



D'ev Hanpshlra. . . . 

Sew Jersey 

Sew Mexico 

Jew York 

lorth Carolina. . . 
lorth Dakota 

3hlo 

Oklahoma 

Oregon 

'ennsylTanla 

ihode Island 

South Carolina. . . 

South Sakota 

Cenneseee 

^'oxas 

Itah 

'ermont 

flrglnla 

Washington 

'est Virginia 

'Isconsln 

'yomlsg ,. . . 

ilaska 

)anal Zone 

lawall 

•uerto Blco 

'Irgln Islands.. . 
Ithsr possessions 

'nalloeated 

'otal 



Tiseal yaar 



igUi 

1/ 



2.393 

950 

1.02U 

20,U02 
3.908 

5.166 
3.379 

2.878 

291 

59.605 

6.285 
U,l*98 
2,499 

'♦.356 
2.U77 
3.97"* 

6.800 

35.087 

13.928 

9.770 

973 

23.952 

612 
1,896 

20,U00 
UI5 

lUl,842 

2.338 

962 

22.U66 

2.325 
2.522 

5.92U 
1,621 

19U 

3.128 

10,323 

1.000 
1,011 

'*.532 

6,268 

l,'t92 

8,1+91 

501 

20 

95 

'*7 
3 

3H 

1+61 



19U2 



526,361 



13.099 

'♦.232 

13.738 

1U0.602 
18,302 
59.891* 

11.910 
23,247 

22,219 

17.982 
7.339 

202.041 

'*5.123 
30,676 
14.486 

24.516 
21.651 
16,570 

40,093 

144,199 

65,04o 

49,069 
10.061 
68.651 

6.322 

14.132 

2,349 

11,090 

93.399 

9.034 

580.43^ 

26.074 

7.515 

119,098 
16,587 
22,095 

243,285 
28.064 

9.459 
3.077 

18,481 

54,196 
5.019 

5.842 
28,014 

25.898 

11,780 

42,205 

3.690 

736 

504 

5.882 

472 

26 

507 
4.768 



2.464,772 



1942 



Feb. 



1,486 
663 
999 

14,132 
1.492 
4.291 

1.488 
2.112 
2.452 

1.551 

653 

13.244 

3.241 
2.535 
2,065 

3.674 
6,922 
1.270 

4.259 

9.434 

5.938 

4.229 

1.279 

5.432 

619 

1.528 

529 

900 

8,io4 
3.206 

49.543 
3.296 
1.504 

9.594 

1.753 
1.249 

21.582 

3.19»* 
942 

258 
1.233 
4.378 

842 

498 

2.132 
1.814 

837 

3.425 

369 

271 

86 

677 

6 

6 

86 

277 



Mar. 



219.578 



1.270 

280 

2,741 

8.4l6 
1.392 
3.693 

949 
2,511 
1.916 

1.940 

1.838 

15.939 



4.484 
956 
99 



Apr. 



2.95* 
1,49; 



1.779 
1.569 
1.920 

3.550 

10,389 

3.583 

3.4^2 
l,l48 
4.841 

895 

1.738 

11.166 

933 

36.113 
1.774 
2.239 

7.680 
1,006 
'♦.735 

14,607 
2,861 
1.298 

487 
2,399 
3.157 

772 

540 

1.927 

2,040 
1.699 

2.637 
634 

160 
78 

667 

244 

6J 

2.077 



192.745 



1,281 
420 
675 

10,276 
1,631 
5.364 

1.673 
1.955 

1.357 

451 

13.494 

4,142 
3.791 
1.062 

2.170 
1.460 
1.241 

3 Mi 
12.757 

5.012 

4.o4o 
1.290 
5.575 

369 

982 
139 

1,080 

8.469 

248 

'♦6.779 

1.683 

490 

10,472 
1.478 
1.315 

20.949 

1.755 

992 

350 
1.714 
4.988 

279 

445 

1.890 

1.940 
855 

3.552 
279 

34 
128 
942 

19 

5 

13 

584 



200.523 



'Ourca: Reports of gross sales, 

p Preliminary, 

r Berlsed. 

• Less than $500. 

1/ Sales of Series I, T, and bonds coBinencad Ki^ 1. I941. 



Mar 



1.402 
344 
812 

U,198 
1.388 
6,804 

656 
1.476 
1.800 

1.759 

443 

15.881 

4.226 
3.260 
1.163 

1.893 
1.75't 

1.826 

2.923 

11.485 

'♦.596 

3.527 

956 

6,850 

371 

1,107 
159 

864 

6,502 

333 

46.275 

1.855 
410 

11.414 
1.777 
1.272 

20.685 

i.'*97 

605 

300 
1.679 
6.268 

638 
565 

2,247 

2.510 
757 

2.873 
186 

11 

373 



201.955 



Juna 



1.276 
394 
653 

10.751 
l.l+SS 
5.399 

1.449 
1.533 
1.752 

, 2,118 

19.4<A 

5.289 
3.964 
1.127 

1.519 
1.426 
1.197 

3.507 

11.809 

7.120 

2,902 

847 

6.142 

490 

1,282 
70 

548 

8.704 

154 

46.456 

1.658 

419 

9.887 

1.273 

1.484 

20.058 
2,225 

902 

276 

1.420 
5.679 

519 
380 

2,667 

2.170 

1.329 

"♦.909 

232 

40 

642 



JTily 



209 . 084 



5.399 

550 

1.019 

21.283 
2.897 

10.391 

1.272 
3.321 
3.716 

3.965 

770 

33.306 

8.063 
6,115 

2.675 

4.601 
2,831 

2.310 

6.684 

27.111 

9.'*73 

7.791 
1.431 
9.073 

882 

2,483 
443 

1,630 
14,206 

509 

92.319 

3.586 
1.076 

23.133 
2.973 
3.641 

34,117 
3.695 
1.761 

682 

3.997 

11,003 

680 

792 
4,487 

4,628 

1.839 

8.146 

546 

98 
2.549 



1.791 



Aof. 



'W3.735 



1,688 
524 
844 

13.145 

1.898 
5.384 

907 
1,817 
1.766 

1.948 

535 

20.568 

5.'^55 
3.751 
1.869 

3.991 
2.297 
1,261 

2.892 

12.873 
7.778 

4,458 
1,265 

4.922 

558 

1,275 

228 

966 

8,771 

359 

44.915 

2,021 

685 

12.264 
1.617 
2.020 

19. 817 
2,262 
1,413 

506 
2,4i3 
6,581 

384 

494 

2.646 

2,733 

1,062 

5.530 

303 

65 

1.577 
125 



Sept. 



2,44o 



1.243 

l4,4o4 
2,723 
5,020 

969 
1.996 
3.796 

2.393 

503 

23.390 

7.082 
6.075 

3.124 

2.809 
5.956 
1.235 

4,321 
9.451 
8,804 

4,970 
1.233 
6,093 

677 

1.931 

357 

996 

9.838 

507 

62.776 

5.136 

715 

15.066 
2.103 
2.527 

25.071 
1,661 
1.783 

520 
3.089 
8,698 

500 

439 

4.024 

3.384 
1.278 

438 

75 

1.176 



Oct. 



229,469 



282,261 



1,921 

778 

1.246 

15.026 
1,824 

4,725 

802 

1.735 
1.946 

2,066 

469 

15.724 

5.342 
3.'<01 
2.306 

2.674 
2,683 

1.253 

4,152 

10.940 

7.201 

4,076 
1,206 
5.728 

762 

1.470 
269 

868 

8,167 

686 

35.201 

3.120 

732 

12,025 

1.347 

2.741 

21,793 
1.557 
1.249 

581 
2,888 
7.289 

473 

538 

3.971 
3.053 

1,304 

5.097 

286 

127 
178 

1,500 

180 



13 



218,692 



BoT. 



1.457 

391 

1.250 

ll,84l 

1.378 

3.736 
1.093 

1.953 

2,704 

3,439 

340 

9.3l'^ 

3.5'+5 
2,948 
2.077 

2.497 
2.071 
1.009 

2.996 
9.444 
4,884 

3.57'*' 
1.330 
4,680 

815 

1.227 

304 



576 

30.032 

2.1P^5 

757 

9.699 
1,448 
2,131 

20.841 
I.8I5 
1.387 

859 

2,122 

5.641 

485 

357 

3.274 

3.008 
1.291 
3.709 

502 



21 

985 
170 



15 



183,388 



Dec. 



2,629 

455 

1,658 

14,001 
2,316 
5.585 

1.137 

3.284 
2.538 

3.399 
445 

20.757 

5.892 
5.614 
2,741 

3.177 
5.005 
1,646 

4,278 

13.119 

9.088 

'♦.951 
2.887 
6.848 

888 

2,696 

174 

1.095 

11,879 

675 

54.236 

3.836 

840 

20,724 
2.034 

■♦.389 

25.937 
1.852 
1.683 



978 
.293 
777 



471 

579 

5.932 

3.607 

2.063 

6,839 

570 

57 

119 

1,243 

555 



32 



1943 



Jan. 



292.501 



3.454 
1.246 
1.649 

30,034 
3.079 
9.371 

1.083 
3.455 
3.681 

3.968 

1.278 

39.675 

11,001 
8.783 
3.222 

5.314 
3.'*'*6 
3.315 

8.038 
25.797 
13.243 

8.726 
2.555 
9.297 

974 
3.874 

928 

2.857 
12.310 

680 

72.540 

'♦.957 
1.775 

25.120 

3.176 
3.214 

31.758 

2.804 

2.132 
920 

3.819 
11,324 

836 
1.303 
6,498 

6,002 

2.447 

11,009 

747 

143 

1,442 

962 

1 



54 



Alb. 
P 



421,504 



1.387 

748 

1,200 

19.084 
2.248 
7.008 

801 
2.837 
2.294 

3.874 

6l4 

17.944 

5.077 
5.408 
4.108 

5.042 

2.563 

235 

3.867 
2.084 
7.442 

5.353 
1.231 
5.716 

755 

2.363 

397 

56 

7.102 

667 

42,792 

2.467 

941 

14.880 
1.464 
1.891 

18.004 
7.115 
I.8I7 

567 
2.716 
7.841 

637 

463 

3.672 

3.881 

i.Uo4 

6.608 

323 

104 

76 

1.585 

262 



332 



241.351 



3« 



Participation In Payroll Savings Plans For United States Savings Bondsl/ 



191+2 



Jan. 



ret). 



Mar. 



Apr. 



May 



Jon* 



Jttly 



Aug. 



Sept. 



Oct. 



tee. 



191*3 



Jan. 



number of firms having payroll saTinga plane 



rims with: 

5,000 or more workers. 

^OJU , 999 workers 

100-1*99 workers 

Under 100 workers 



Total nnmher of firms. 



355 
1.622 
7.059 
8.1*77 



17.513 



1*1*8 

2,780 

11,172 

20,080 



3l*.l*80 



1*67 

3.671* 

13.770 

32,209 



50.120 



1*70 
i*,573 
16, 216 
50.1*27 



71.686 



1*75 
i*,768 
18,169 
67.006 



90.1*18 



1*77 

i*.956 

19. 718 

82,91*8 



108,099 



1*81 

5.099 

21,038 

95.275 



121,893 



l*gl* 

5.266 

22.375 

108,767 



136.892 



1*87 

5.378 
23.275 

115,1*21 



li*i*.56l 



1*88 
5.531* 

21*. 321 
122.762 



153.105 



1*69 

5.607 

21*. 873 

127.660 



158. 609 



1*70 

5.705 

25.51*0 
136.098 



167.813 



1*70 

5.729 

25.835 

11*0. 6W* 



172.678 



limaher of workers employed in firms and goTemmental agencies harin* payroll saTine. plan. 

(In millions) 



In firms. 



In Federal. State, and local gOT- 
emmenta and their agencies.... 



Total. 



9-9 



10.5 



ll*.2 



15.1 



16.7 



l.U 



19.2 



1.5 



20.7 



20.5 



1-5 



22.0 



21.3 



1.5 



22.0 



2-5 



21*. 6 



22.8 



2.8 



25.6 



J_ 



23.2 



3.1* 



26.6 



2U.5 
3.6 



28.1 



25-3 



3.6 



28.8 



25-7 



3.8 



29-5 



Bumher of persons actnally participating In pJorroU saTlng* plans 
(In millions) 



p Preliminary. 

1/ Estimated. 

2/ Hot available. 



25.8 



3.8 



29.6 































Worker a participating: 

T- riyn» 


3-7 
.1 


7.2 
.1* 


9.0 
.6 


10.9 

.7 


13.2 
.7 


15.0 
1.0 


16.5 

1.5 


16.7 

1.8 


17.6 

2.1 


18.6 

2.1* 


19.1 

2.6 


19.6 
2.7 


19.8 

2-7 


In Jederal. State, and local 
government s and their 
agencies • 


Total workers participating.. 

Persons in the armed forces par- 
ticipating 


3.8 

2/ 


7.6 
2/ 


9.6 

2/ 


11.6 

2/ 


13-9 

2/ 


16.0 

2/ 


18.0 

2/ 


18.5 
1.0 


19.7 
1.7 


21.0 
2.0 


21.7 
2.5 


22.3 
2.7 


22.5 
2.7 


Total persons participating 


2/ 


2/ 


2/ 


2/ 


2/ 


2/ 


2/ 


19-5 


21.1* 


23.0 


21*. 2 


25.0 


25.2 






Ded) 


^tlons ui 


ider payr< 


)11 savlni 


;8 plans 














Total amount deducted (in milliona 


28.0 

U.5* 


58.0 

U.8?S 


78.0 
i*.9?! 


96.0 
i*.95' 


126.0 

5-351 


153.0 
5-8!t 


205.0 
6.531 


230.0 


265.0 

7.5^ 


307-0 

7-856 


335-0 

8.3^ 


360.0 
8.55E 


375-0 P 


Percent of pay deducted 


8.7)'p 































39 



Sales of United States Savings Stamps 



Table 1.- Summary 






(In thouaaada of dollart) 



fiscal year or month 



I9IH 2/. 
19U3. . . . 



19U2-rebruary. 
March 



April. 
Kaf... 
Jun*. . 



July 

Au^at. . . . 
Ssptembar . 
Oetobar. . . 
NoTember . . 
Oacamber. . 
igUj-January . . . 
February. . 



Amount outstanding 

end of flacal 

year or month 1/ 



5.29"+ 
166,3111 

93.932 
115.857 
133.620 
152,217 
166,341 

180.972 
187.618 
igu.oio 

206,044 

215,805 

221,340 
224,901 

224,356 



Sour ea : 



Hat Chang* 
during fiscal 
year or month 1/ 



+5.1'»3 
+161, 048 

+25.337 
+21,925 

+17.762 
+18.597 
+14,124 

+14,631 

+6.647 

+6,392 
+12,034 

+9.121 i/ 4/ 

+5.536 

♦3.561 
-1,106 4/ 



Analysis of net change 



Orosa aalea 



Total 

fund a 

received 1/ 



39.077 y 

43,920 
66,267 
5^.667 4/ 



Commencing November 1, 1942, Dally Treasury Statementa, except 

Post Office Department reports of gross sales; prior thereto. 2/ 

Post Office Department. 

Preliminary. 

rigures for Noyember and following months are not strictly compar- 3/ 

able with earlier months because of the shift to a Daily Treasury 5/ 

Statement baala. Stamps sold prior to October 1, 1942 were known 

as postal savings stamps and were obligations of the Postal 



Adjustment of 

sales reported to 

funds received 



-7.224 
-10.931 P 
+15.856 p 
+11,281 p 



Sales 

reported 



6,087 
308,621 

38,649 
40,599 

'*0,173 
"♦7.990 
48,960 

53.815 

44,546 
47,682 

53.l'*l 
46,300 
54,851 p 
50,411 p 
"♦3.386 p 



Bedemptloas 1/ 



943 
l'*7.57'* 

13.313 
18,674 

22,410 

29.393 

3"*, 836 

39.185 
37.900 
41,290 
4l , 107 
29.955 
38.384 

62,706 
55.773 



Savings System but subsequently became public debt obligations 
Sales and redemptions eommeace with May 1, 1941. The amount 
of the old series of postal savings stamps outstanding on 
April 30, 1941 was $150 thousands. 

Computed on basis of Dally Treasury Statement. See footnote 1/ 
Does not Include amounts transferred from Postal Savings 
System to the Treasury to cover outstanding stamps. 



Table 2.- Gross Sales, Classified by Denomination 



fiscal year 
or month 



1941. 
1942. 



1942-PBbruary. 
March 



April. 
May... 
June. . 



July 

Augast 

September. . 
October . . . . 
November. . . 
December p. 
1943- January p. . 
February p. 



Sales in thousands of dollars 



Total 

all 

denominations 



6.087 
308,621 

38,649 
40.599 

40,173 
"*7.990 
48,960 

53.8I5 
44,546 
47,682 
3 ,141 
',300 
54,851 
50,411 
43.386 



U 



Denoraioation 



10^ 



67.466 

10,020 
10,181 

9.812 
10,037 

9.124 

io,io6 

7.326 
8,366 

10.680 
9.5I8 

ii.5"»3 
12,166 
10.135 



Source: Post Office Department. 
p Preliminary. 



25(i 



2,691 
167.709 

20,724 

21.693 
21,529 
26,772 
27.319 
29.693 

24.808 
26,189 
28,563 
24.587 
28.704 
26,024 
22.630 



50^ 



1,012 
28,6l4 

3.258 

3.424 

3. 1*58 
"♦.330 
"♦.715 
5.203 
4,348 
"*.935 
5.150 
4,259 
"♦.527 

3.950 
3.624 



$1.00 



1.130 
31.583 



.333 

.845 

.827 
,941 
.706 
.326 
..950 

6,o64 
6,498 
5.852 
6.994 

5.932 

5.083 



$5-00 



854 
13.250 

1.314 
1.456 
1.548 
1.910 
2,097 
2,487 
2,114 
2,128 
2,250 
2,084 
3.083 

2.33? 
1.914 



Percentage distribution of sales 



Total 

all 

denominations 



100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



Denomination 



10^ 



6.6 
21.9 

25.9 
25.1 

24.4 
20.9 
18.6 

18.8 
16.4 

17.5 
20.1 
20.6 
21.0 
24.1 
23.4 



25(! 



44.2 
5i*.3 

53.6 
53.4 
53.6 
55-8 
55.8 

55.2 
55.7 
54.9 
53.8 
53.1 
52.3 
51.6 

52.2 



50^ 



16.6 

9-3 

8.5 
8.4 

8.6 
9.0 
9.6 

9.7 
9.8 

10.4 

9.7 
9.2 
8.3 

7.8 
8.3 



$1.00 



18.6 
10.2 

8.6 
9.5 

9.5 
10.3 
11.7 
11 
13 
12, 

12, 

12, 

12.8 

11.8 

11.7 



$5-00 



14.0 
"♦.3 

3.6 

3-9 
4.0 
"♦.3 
4.6 
U.7 
'♦.5 
4.2 

H 
5.6 

4.7 
4.4 



Table 3.- Redemptions, Classified by Means of Payment 



fiscal year 
or month 



1941. 



1942 P'liy 19'*1 

I' 



Aug. 1941 - June 1942... 



1942-rebruary... 
March 

April 

May 

June 

July 

Augast 

September . , 
October. . . , 
November . . . 
December. . . 

1943- January 

Pebruary.. . 

Source : 



Bedcmptlons in thousands of dollars 



Total 



943 

1,158 

146,415 

13.313 
18,674 

22,410 

2?. 393 
3^.836 

39.185 
37.900 
4i,290 
41,107 

29.955 
38,384 

62,706 
55.773 



Means of payment 



Exchanged for 

tJoited States 

savings bonds 1/ 



H 

,2/ 
127.948 

11.253 
16.543 

19.959 
26.616 
31.678 

35.253 
3't.iOl 
36,561 

36.188 

26,220 
32,988 

54,448 
'*8,339 



Ixchanged for 

postal savings 

certificates 



Commencing November 1, 1942, Dally Treaeury Statements; 
prior thereto. Post Office Department. 
Leas than .05^. 



u 
123 

12 
9 

16 

8 
26 



Cash 
1/ 



.3W 



18 
2,048 

2,432 
2.761 
3.150 
3.906 
3.784 
'*.715 
4.919 
3.736 
5.396 
8.258 
7. '•3'* 



Percentage distribution of redemptions 



Total 



100.0 
100.0 

100.0 

100.0 
100.0 

100.0 
100.0 
100.0 



100, 
100, 
100, 
100, 
100, 
100. 
100. 



100.0 



Means of payment 



Exchanged for 

United States 

savings bonds 1/ 



V 
87.4 

84.5 
88.6 

89.1 
90.6 
90.9 
90.0 
90.0 

88.6 
88.0 
87.5 
85.9 

86.8 
86.7 



Ixchanged for 

postal savings 

certificates 



Cash 
1/ 



2/ 

12.5 

15."* 
11.4 

10.8 

9.'* 
9.1 

10.0 
10.0 
11.4 
12.0 
12.5 
14.1 

13.2 

13.3 



1/ Commencing November 1. 1942, estimated on the basis of 

Post Office Department reports. 
2/ Details not available for Maj-, June, and July 1941. 



Uo 



Sales of United States Savings Stamps - (ContinuedJ 



Table 4.- Gross Sales by States 

(In tbousanda of dollari) 



Alabaaa 

Arltona 

Arkanias 

California 

Colorado 

Connoetlcut. ■ . 



Slate 



Qelawar* 

Dlat. of Columbia 
Tlorlda 



Georgia. . 

Idaho 

Illlnolt. 

Indiana. . 

Iowa 

Eansaa. . . 



Kentucky 

Louisiana 

Maine 



Maryland 

Hassacliusetts. . 
Michigan 

Minnesota 

Mississippi. .. . 
Missouri 

Montana 

Hehraslca 

HeTada 

Hew Hampshire. . 

Hew Jersey 

New Mexico 

Sew York 

North Carolina. 
North Dakota... 



Ohio 

Oklahoma 

Oregon 

Pennsylvania. . . 
Rhode Island,. . . 
South Carolina. 



South IWcota. 

Tennessee 

Texas 



Utah 

Vemont . . . 
Virginia.. 



Washington. . . 
West Virginia 
Wisconsin. . . . 
Wyooing 



Fiscal year 



I9UI 



38.7 
16.0 

2k.t 
1^28. 

lyU.i 
75-0 

60.3 

8.1 

355-1 

69.7 

lO.O 

.2 



191^2 



S 



Alaska 

Hawaii 

Puerto Rico 

Other possessions 



Total... 



1*2.8 
62.0 

37.2 
91.6 

312.2 
366.8 

51.6 

36.7 

173.5 

17.2 

36.2 
6.5 

29.0 

286.0 
9.9 

1.350.5 
50.8 

10. U 

293.7 

59-1 

1*19.5 
58.8 
30.3 

10.1* 

58.8 

276.5 

11.6 
IU.7 
71.6 

75.0 

32. U 

I0i*.7 

9.7 

1.2 

6.9 

10.2 

.6 



191*2 



7«b. 



2.3^3.7 

83l*.8 

I.67U.7 

20.132.6 
2,020.3 
7.707.* 

711*. 2 
6,100.1 
3.705.9 

3.175-5 

81*1.0 
23,612.9 

7,516.9 

'*.575-8 
2,532-9 

3.036.2 

3,1*28.0 
1.725.5 

5,785.2 
ll*,Ui3.6 
13.721.6 

'♦.037.7 

1,508.8 

7.326.'* 

1.030.7 

2,371.8 

381.1* 

1.150.8 

13.313-7 

720-3 

53.060.7 
3. 089. 7 

801.2 

18.269.5 

2,1*89.1 

2,739.3 
27.075.3 

3.087.6 

1.1*88.2 

832.2 

2.952.8 
11,520.8 

963.1* 

705.8 

U.051.8 

3.909.2 
2,1*1*9.7 

5.728.3 
1*93.6 

66.1 

1.238.7 

166.8 

.7 



6. 086. 9 308,621.3 



Mar. 



260.1* 
100.3 
190.9 

2,366.8 
2>*1.2 
902.0 

86. U 

69'*. 5 
U83.7 

372-2 

96.5 

2,999.2 

1,016.5 
51*6.3 
360.2 

1*17.3 
1*38-7 
201.9 

782.1* 
1,710.0 
1.636.5 

537-9 

201.1 

863.7 
137.6 

283-5 
1*6.8 

11*2.3 
1,807.7 

82.8 

6.585->* 
3 
9 



Apr. 



104. 



305.5 
IIU.7 
221.2 

2.U50.2 
237.2 
951.1 

93.9 
656.7 
507.9 

1*07-8 

102.1* 

2.950.5 

1.078.6 

712.9 
330.9 

1*25.9 

1*38 -3 
232.1 

728.7 
1.S85-3 
1,766.9 

5'*5.3 
205.7 
936-'* 

11*8.2 

315-0 

U5.5 

il*i*.9 

1,781.3 

88.5 

7.25'*.3 
375-7 

108.1* 



29'*.7 
108. 7 
198.0 

2,>*78.9 
266.3 
953-5 

650. 
1*97-6 



May 



351.7 
139 .U 

31*8.6 
3.077-2 

326.2 
i.iii*.6 

112.6 

69i*-5 
583-0 



June 



3U0.6 506.7 

109.3 11*1 -** 

2,766.3 3. 92'*. 2 



1,033-9 
707.6 
31U.I 

Id'.h 
217.6 

686.5 
1,883.8 
l,7oU.o 



2, '♦15.3 2,59'*-7 
277-8 300.9 
399.8 358.8 



1,267.8 
782.9 
1*07.1 

1*25.1* 

582.0 
28l*.8 

7'*8.7 
2.300.6 
2.125.5 



July 



511.8 609.9 
182.0 192-3 
928.8 1,155-5 



3.1*80.8 
lt05.2 
160.1 

119.3 

336.0 

1.551.0 

12l*.8 
93.6 
526.7 

1*02.1 

336.7 

772.7 

69.2 

8.7 
78.9 
17.7 



137.5 

339.'* 

'*7-7 

11*0.3 

l,7i»i*.6 

9l*.U 

7.129-5 

3'*2-7 
99.5 

2,571.1 
268.1* 
350.6 



3,1*82.5 3.922-1 

1*07.3 368.0 
166.3 18'* -9 



}8,6U9.2 



116.2 

351-0 

1.61*6.0 

125.3 

89-3 

555.2 

1*21*. 1 

365.1 

813.O 

63.1 

11.9 

158.1 

22.1* 



11*9.7 

1*23.8 

63-3 

159-3 

1,916.2 

129-9 

7.883.8 
567.8 
152.1* 

2.850.9 
1*38.8 

381.2 

1*. 1*31. 2 
1*23.5 
216.1 



1*1*7.8 
125.0 
290.1 

3,1*1*2.2 
300.5 

l.39'*.6 

llM.8 
68l*.2 
U98.7 

512.0 

125-5 
3.83'*.7 

1.093.0 
750.7 
386. U 

606.0 

288.0 

821.0 
2,276.9 
2.256.2 

677.6 

230.1* 

1,161.2 

128.2 

379-1 
6i*.l 

183.2 

2,020.7 

9'*-7 

9,012.0 

57"* -2 
13U.9 

2,863.9 
1*29.1 
1*25.1 

3.920.2 
l*8l*.7 
211.0 



iuc- 



Sept. 



1+0,999.0 ltai72.8 



127.6 

31*1.0 

1,1*67.2 

137-5 
96.3 
566.1* 

1*35.8 

31*2.9 

820.1 

61*. 

9-7 

220.1* 

23.2 



136.9 121*. 9 

1*91*. 8 518. 3 

1,695-8 1.535-2 



171-9 
112.3 

602.0 

702.1* 

375-5 

931-7 

76.7 

13-6 
263.8 

22.1* 



151.2 
10'*.8 
992.9 

71*8.8 

337-5 

880.0 
63-9 

11-7 

193-8 

21.9 



10*2.8 
177-5 

302.5 

3,766.8 
399-9 

1,1*72.0 

113.6 

639 

531-0 

53U.6 

11*8.3 

3.8U7.I 

1,232.2 
1,008.5 

1*83.0 

318.1 
759-9 

2, 1*21*. 2 
2,681.1 

7U3.8 

323.1 

1.280.3 

181.3 

1*59.7 
69.3 

22l*.6 

1.975-9 
130.2 

9.674.2 
605.5 
176.1 

3,290.8 
1*37.9 
1*85-7 

1*, 322.0 
55'*-7 

210.2 

162.0 

73U.O 

1,81*8.0 

177.8 
136.1* 
659.0 

759-0 

365.3 

1,05!*. 6 

101.5 

12.8 

220.8 

19.1* 



377.5 
110.7 

227.1* 

2,96U.9 

315.1 

1,223.1* 

9i*.i* 
502.3 

415-9 

1*63.6 

98.9 

3.170.6 

1.108. 9 

771-7 

362.2 
I+U5.U 

1*50.2 

279-8 

695-5 
2,062.2 
1.973.6 

581.1* 

276.7 
1,062.6 

135-2 

375-2 

60.3 

201.2 

1,763.1* 

88.7 

8,650.7 
523.7 
111.9 



Oct. 



1*7.990.3 1*8,960.5 53.815-1* 



372-8 
129.1* 
253.1* 

3.232.9 

337.5 

1,350.2 

100.6 

1*89.9 
1*62.5 

1*60.7 

115-5 

3.373-9 

l,l6i*.2 
763-5 
1*21*. 7 



31*9.3 
11*8.1* 

26i*.7 

3,602.5 

31*0. 1* 
1,1*37-0 

123-3 

1*1*7.0 
533.1 

500.1* 

122.8 
3.717.1* 

1,1*00.6 
752.2 

1*76.6 



1*39.0 510.8 
1*55.2 521-1* 

288.1* 339.8 



761-9 

2,312.8 

2,152.1* 

609.2 
278.5 

1,213-7 

11*8.2 

398.9 

60.6 

213-7 

1,91*8.2 

103.5 

9.316.3 
565.1 
119.8 



2, 561*. 3 2,567.1* 

325-5 31*5-1 
1*05.3 1*32.1 



3,650.8 
1*63.1* 
186.9 

112.8 

1*71*. 6 

1,592.9 

ll*l*.2 
102.1* 

521.7 

592.6 

305.1* 

876.0 

70.1* 

11.9 

181.6 
18.1* 



l*l*,5l*6.i* 



i*,087.5 
i*6o.q 
181. U 



113.5 
1*67.6 

1.61*3.5 

11*2.9 
115.4 
585-1 

624.6 

314.2 

953.1 

69-3 

11-9 
130.2 

19-1 



Not. 



823.6 

2,605.1 
2,440.5 

656.5 

313.9 

1.248.4 

159.3 

396.3 

56.7 

219.9 

2,205.3 

116.2 

10,758.8 

639.5 
117.3 

2.842.3 

383.0 

429.7 

4.997.8 
527.2 
156.1 

127-8 

525.1 

1.807.2 

169.3 

124.2 

640.3 
684.2 

391-5 

1,129-0 

74.9 

18.8 

144.6 

22.6 
.4 



47.682.1 



Sec. 

p 



312.4 
132.5 
251.4 

3.048.7 

330.6 
1.235.8 

124.3 

392.9 
471.8 

464.4 

112.4 

3.367.5 

1.226.6 
682.8 
424.4 

423.6 
481.6 

282.7 

783.4 
2,129.1 
2.013.3 

6l4.8 

292.3 

1.183.7 

182.7 

351.0 

55-9 

180.6 

1,908.5 
92.5 

9,028.1 

548.5 
123.6 

2.519-8 
333-7 
356.7 

3.971.6 



53.140.6 



971. < 
4i7.2 
152.5 

134.4 

454.9 

1.601.1 

220.0 
104.6 
586.7 

601.4 

320.4 

983.2 

84.8 

12.0 

161.5 

27.3 

2-5 



1943 



Jan. 
P 



345.6 
183.4 
2^.2 

4.037.5 

399-6 

1.353.6 

127.4 
519.5 

582.2 

521.1 

133-3 

4,002.7 

1,311.4 
873-0 
493.5 

503.8 
548.4 
343-5 

876.4 
2,455.0 
2,388.2 

767-7 

279-6 

1.316.0 

193.4 

535.8 

76.4 

209.4 

2,019.2 

87.6 

10,447.1 
626.3 
142.0 

3.219-3 

389.6 

502.2 

4,683.7 
473.8 
209.7 

141.3 

521.4 

1.959-4 

366.6 
104.6 
649.2 

776.1 

396.7 

1.197-8 

93.8 

11.2 

161.5 

24.5 



338.8 

171.8 
260.2 

3.^0.1 

372.8 
1.288.8 



120.7 
498.5 
573.8 



Feb. 
P 



394.5 
157-6 
110.3 

2,488.6 
363.5 

1,102.5 



44; 



9.3 
2.9 

397-0 



489.3 

128.3 

3.519.2 

1.273-5 
713-? 
510.6 

482.5 

551-9 
311.8 



476.9 

138.4 

3.256-3 

1,016.7 
667.3 
542.1 

351-0 
328.4 

301.1 



831.9 760.5 

2.397.9 1.983. 8 

2,073.6 1,498.6 

801.6 720.2 

266.7 202-5 

1,267.4 1.101.9 



46,300.4 



179-5 

399-7 

53-9 

203.6 
1.679.1 

124.2 

8.646.4 
698.8 
146.8 

3.061.9 
413.2 
611.0 

4,568.1 
410.9 
100.9 

139.7 

516.4 

1,740.2 

254.4 

80.4 

693-6 

926.5 

382.0 

1,150.2 

91-9 

17.9 

253-6 

30.9 



170.9 

237-0 

52.6 

168.5 

1.83S.P 

49.5 

8,024.5 

598.7 
l4i.7 

2,485.8 
382.3 

328.7 

4,019.4 
360.1 
197.5 

138-9 

327.7 
1,205.2 

192.2 

102.0 
948.7 

758.8 

351.8 

1.101.5 

50.0 

14.2 
203.3 

34-3 



54.850.9 50,411.2 43,386.3 



Source: 
P 



Post Office Department. 
Preliminary. 



Kl 



Sales of Tax Series Treasury Notes 
Table 1.- Summary, by Series 



(Is mllllong of dollars) 



ti»eml year 
or month 



191*2 2/ 

191*2- rebruary.. 

Mar oh 

April 

May 

J\ui« 

July 

Au^st 

Septeober . 
Octobar. . , 
Korember . . 
Dscember . . 

I9U3- Jaimary . . . 
Fabmary. . 



191*2 2/. 



ISUs-Jebruary. 
March 



April. 
May... 
Jusa, . 



July 

Au^at 

Saptaabar . 
Octobar. . . 
NoTembar . . 
Dacamber . , 

I9U3- January. . . 
rebruary.. 



191*2 2/. 



191*2- rabruary. 
March 



April. 
May... 

Juna. . 



July 

Au^st 

Saptaabar. . . 

Octobar 

Noranber . . . . 
Dacambar , . . , 

191*3- Jansary 

Fabruary . . . . 



191*2- Saptaabar. 

Octobar . . . 

Horanbar . . 

Saeembar. . 
I9U3- January... 

Tabruary. . 



Aaount 
outstasdln^ 

and of 
fiscal year 

or month 
(par Talua) 



3. Oil*. 5 

2.807.1 
2.536.3 
2, 71*1*.!* 
3.099.7 

3. Oil*. 5 
3.356-6 
3.739.3 
"♦.137.1 

"♦.963.5 
5.702.5 
6,3gl*.i 

6, 71*8. g 
7. 121*. 7 



5l*.8 



^: 



.6 

1*5.1 
1*8.5 
53.1* 
5"*. 8 

60.3 

65.1 

112.7 

167. C 

200.1 
276.0 

309.1* 
320.0 



2.959.7 



.756.5 

,"♦91.2 
,695.8 
,oU6.3 
.959-7 

.296.3 
,67i*.2 
1I8I.2 
,067.1* 
,026.0 
"♦32.7 
36U.2 
311.1* 



81*3.2 

1,729.1 
2,1*76.5 
3,675.3 
'*.075.2 
'♦.'♦93.1* 



Bat 

chas^ 

during 

fiscal year 

or month 



AnEdysis of net changa 



Analysis of gross sales 



Total 

funds 

recelvad 



All series 1/ 



♦3. Oil*. 5 

+109.9 
-270.8 

+208.1 

+355-'^ 
-85.2 

+31*2.1 
+382.7 

+397.8 

+826.1* 

+739.0 

+681. 5 
+361*. 8 
+375.9 



"♦.138.9 

126.1 
231*. g 

25i*.7 

399-3 
1*06.9 

388.2 
"♦17.9 
977.9 
91*1.1 
781.6 
1,312-3 

1*52.9 
1*56.6 



Series A 



+54.8 

+2.2 
-5.5 

+3."* 

+4.8 
+1.U 

+5.5 

+4.8 

+1*7.6 

+5"+-3 
+33-1 
♦75.9 

+33-"^ 
+10.5 



72.2 

3.2 
5.3 

l*.6 
5-2 
5-1 
6.0 
5.1 
52.6 

5"^.7 
33.5 
86.0 

31*- 5 
13.0 



Series B 



+2.959-7 

+107.7 
-265.3 

+201*. 6 

+350.5 

-86.6 
+336.6 
+377.8 
-"♦93-0 

-113-7 
-1*1.5 

-593-2 
-68.5 
-52. g 



U.066.7 
122.9 

229-5 

250.1 

ItOl.g 

382.2 

'»12.g 

g2.1 



Series C 



+81*3.2 

+885.9 

+7'+7.'+ 

+1.198.8 

♦399.9 
+1*18.2 



Sourea: Dally Treasury Statement and reports of gross sales. 

• Less than $50,000. 

1/ Series A notes have been on sale since August 1. 191*1, and 
yield approximately I.92 percent per annum. The maxiaom 
anount which may be used in payment of each class of tax 
(Income, estate, or gift) by each taxpayer during each 
taxable year is limited to $5,000 par value. If not pre- 
sented in payment of taxes, the notes will be redeemed at 
the purchase price only. Series B notes wore sold from 
August 1, 191*1 through September 12. igl+a. The yield on 
these notes is approximately .1+g percent per annum, and 



81*3-2 

886.1* 

71*8.1 

1.226.3 

1*18.1* 
"♦"♦3.7 



Adjustment 

of sales 

reported to 

funds received 



-17-2 

-1-9 
-2-5 
-6.3 

+U.0 

-13-3 
+5.9 

+18.8 
+37-1 

+17.7 

+1*.0 

-22.6 

+31.6 
+15.9 



+ .2 

-•3 

+.6 
+ ■3 
--7 
+2.1 
+ .U 



-17-3 

-1.8 
-2.1* 

-6.1* 
+1*.0 

-13-3 
+5.9 

+18.6 

+-3 



+37-1 

+17.1 

+3.7 

-22.0 

+29.5 
+15.6 



Sales 
reported 



"♦.156-2 
128.0 

237-3 
261.0 
395-2 

U20.2 
382.2 

399-1 
91*0.8 

923 -"♦ 

777-6 

1,33"* -9 

1*21.3 
1*1*0.7 



72.1 

3.3 

5."^ 
i*.6 
5-2 
5-1 
6.0 
"♦-9 
52-9 

5"^-l 
33-2 
86.7 

32.1* 

12.6 



l*.Ogl*.l 
12l*.7 

231.9 
256.1* 
390.1 

1*15.1 
376.2 

39"*. 2 
81.8 



8O6.I 

869.2 

7"+4.5 

1,21*8.2 

388.9 
1*28.1 



Exchanged 
(par value) 



l*g.6 

19.7 



1*8.6 

19.7 



Hedemptions 
(par value) 



I.I2U.I* 

16.2 
505-6 
1*6.6 
1*3.9 

1*92.1 

1*6.1 

35-3 

531-5 

qit.9 

1*2.6 

630.8 

88.1 
80. 7 



17-"* 

1.0 

10.8 

1.2 

.3 

3.7 

-3 

5-0 

.1* 

.1* 

10.1 

1.0 
2-5 



1,107.0 



15-2 
1*91*. 8 

1*5.1* 

1*3.6 

1*88.1* 
1*5.6 

35-0 
526.5 

qi*.i 

1*1.5 
593-2 

68.5 

52.8 



27.1* 
18. 5 
25-5 



the amount which may be turned in on taxes is unlimited. 
If not presented in pajnnent of taxes, the notes will be 
redeemed at the purchase price only. Series C notes were 
first offered for sale on September 14, 1942. Interest on 
these notes accrues each month on a graduated scale, and is 
equivalent to a yield of approximately 1.07 percent per annum 
if held to maturity. The amounts which may be turned in on 
taxes is unlimited. If not presented in payment of taxes. 
the notes will be redeemable at par and accrued interest, 
either at maturity or, on 30 days' notice, during and after 
the sixth month after the month of issue. 
Sale of Tax Series Treasury notes began in August 194l. 



k2 



Sales of Tax Series Treasury Notes - (Continued} 
Table 2.- Sales Reported by Series, Classified by Denomination 





Salet la ■ilUoni of dollar ■ at par 


Percentage dietrltaitlon of oalet 


TiBcaX year 
or aoath 


Total 


Senonloatlon 


Total 


Denomlnatloa 


all ■ 

denoit- 
nattooa 


U5 


$50 


$100 




Thousandt of dollara 


all 
lenonl- 
satloca 


»25 


$50 


$100 


$500 - 


Thouaaads of doHJurs 


1 


1500- 


1 


5 


10 1 100 


5001 


1.000 




1 i 5 1 


10 I 100 I 900 1 


l.COO 








Sarlat i. 
, n n 1 1 1 1 1 1 1 1 1 T 




19h2 1/ 

igUS-feb 

K«r 

Apr 

•tay 

Jiia*... . 

July 

Aug 

Sept. 2/ 

Oct 

■or 

Dae 

iqUj-Jca 

?e1). . . 


72.1 
3-3 

k.6 
5-2 
5-1- 

6.0 
U.9 
52-9 

5U.1 
33.2 
«6.7 

32.U 
12.6 


2.9 

.1 
.2 

.2 

,2 
.2 

.2 
.2 

-3 

.5 

.U 
1.1 

.6 


U.2 

.2 
.3 

•9 

.8 

2.0 

.9 

.U 


56.2 

2.0 
3.3 

2.8 
2.9 
2.9 

3.3 

2.7 
5.8 

7.2 

13-7 
6.0 

2.'* 


3.1 

.3 

.6 

.5 
.6 
.6 

.8 

.6 
8.0 

9.8 

6.S 
17.7 

7.0 

2.1* 


5.7 

.6 
1.0 

.9 
1.2 
1.1 

l.U 

l.l 

25-7 

25.7 
14.9 
39-3 

13.9 
5-3 












100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
lOO.C 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 


4.0 
U.l 
3-2 

3-6 

3.5 

3.>» 

3.7 

.6 

.8 
1.2 
1.3 

1.8 
2.? 


5.8 

6.1 

5-1 

5-8 

5.7 

5.7 

5.8 
6.4 

1.2 

1.7 
2-3 
2.3 

2.9 
3.1* 


78.0 

62.0 

6z.i 
60.1 

5r.i 
57.0 

54.2 
5fc.a 
11. i 

13.2 
16.1 
15.8 

18.7 
19.'* 


'*.3 

3.^ 
10.5 

10.6 
11.4 

12.4 

13-1 
12.8 
15.2 

18.1 

20.4 
20.4 

21.8 
18.9 


7.9 

18.4 
19.1 

19-9 
22.5 
21.3 
23.6 

22.9 

48.6 

47.4 
44. g 
1*5-3 

42.8 
42.0 





































































































































12.3 

10.1 

5.0 

12.9 

3.9 

1.8 










23-3 

1S.7 
15.1 
14.9 

12.0 
lU.O 














































































. . . • ■ 
























i_ 












Sarlea B 


19U2 1/ 

19!»S-Ftt 

K*r 

Apr 

HiV 

Jm>«.... 

.Tuly 

Aae 

j S«pt.... 

1 


u.osu.i 

12U.7 
231.9 

256.U 
390.1 
U15.1 

376.2 

39U.2 

81.8 






6.9 

.3 

•5 

.5 
.6 
.6 

.7 
.7 
.3 


l'*.7 

.6 
1.1 

.9 
1.1 
l.l 

1.5 


lla.5 

6.U 
10.9 

10.6 

12.0 

13.8 

15-9 

16.0 

3.9 




56S.7 

23.2 
33. 1» 
39.8 
52.9 
65.5 

71.1* 
7'».l 
13.1 


1.391.8 

U8.7 
7U.5 

108.2 
122.4 
148.6 

150.8 
172.5 

15-5 


366.5 

11.5 
31.5 

3»».5 
'43.0 
55-5 
81. C 
37.5 
21.5 


1.589-0 
3U.0 

80.0 

62. C 
I5S.O 
130.0 

55.0 
92.0 
27.0 

1 


100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 






.2 

• 3 
.8 

.2 
.2 
.1 

.2 
.2 
.3 


.4 

.5 
-5 

.3 
-3 

.3 

.4 
.4 

.6 


3.6 

5.1 
4.7 

4.1 
3-1 
3.3 

4.2 
4.1 
4.8 




1?.8 

18.6 
l4.U 

15.5 
13.6 
15-8 

19.0 
13.8 
16.0 


3»*.l 
39-0 
32.1 
42.2 
31. >» 
35.8 

40.1 
43.8 
19.0 


9.0 

9.2 

13.6 
13-5 

11.0 

13. >* 

21-5 

9-5 
26.3 


38.9 

27.3 
3^.5 
24.2 
40.5 
31.3 

14.6 
23.3 
33.0 






Serlca 





I9i«-s«pt 

Oct 

BOT 

Dao 

19l»3-JBa 


8O6.I 
869.2 

1.2U8.2 

3M.9 
Ugg.l 




1 






16. I< 

19. J 
17.C 
Ul.] 

15. < 

9-; 


2i4.« 

31.« 

26.3 

. 67. J 

> 20.t 
! 13-5 


131.2 

150.1 
126.7 
2^.8 

» 79.1 
> 56.^ 


267.3 

297.S 
230. ( 
395-' 

139.1 
t 137-3 


I 98-5 

> 1U6.; 

71.! 

; 208.C 

5 63. c 

L 70.C 


268.0 
224.0 

273.0 

281.0 

> 71.0 
) 142.0 


lOD.O 

100.0 
100.0 
100.0 

100.0 
100.0 




. . .. 




_l 


2.0 

2.3 
2-3 

3-3 

4.0 
2.2 


3.1 

3.« 
3-5 

5.x 

5-J 

3-1 


16.3 

17.3 
17.0 
20.4 

! 20.3 

. 13.. 
•t \Qh 


33-2 
34.2 
30-9 
31.7 

35-9 

32.0 

n. 


12.2 
16.9 

9-6 
16.7 

16.2 
16.4 


33.2 
25.8 
36.7 
28.5 

18. 3 
33-2 




. .. 
























.... 







Sonroa: itoporta of croaa SAlaa. 



2/ Sale of $5,000 danoat nation Sarlaa k notaa ba«Mi In Saptaaber 1942. 



'^3 

Sales of Tax Series Treasury Notes - (Continued) 
Table 3.- Sales Fteported by Series, Classified by Type of Purchaser 






Fiscal year 
or month 



igUa 1/. 



igl^S-Februaiy. 
March 



April. 
Ma?... 

Jvme. . 



July 

Attest. . . . 
September. 

October. .. 
November. . 
December. . 

19U3-Ja«iuapy. . . 
February 



I9kz 1/ 

igUa-Jebruary. 
March 



April. 
Hay... 
June. . 



July 

Au^it. . .. 
September. 

October. . . 
NoTember . . 
December. . 



19U3-Jamiary.. 
February 



191*2 1/ 

19U2-rebruary. 
March 



April. 
May... 
June. . 



July 

Au^st. . . , 
September. 



19U2-September . 
October. . . 
November . . 
December. . 

1943- January. . . 
February 



Sales In millions of dollars at par 



Total 



Type of purchaser 



Individuals, 

partnerships, 

and fiduciaries 



Corporations 



Percentage distribution. of sales 



Total 



Type of purchaser 



Individuals, 

partnerships, 

and fiduciaries 



Corporations 



All series 



U,i56.2 

128.0 

237-3 
261.0 
395.2 

1+20.2 
382.2 
399.1 
91*0.8 

923.1* 
777.6 

l.33l*.9 

1*21.3 

1*1*0.7 



1*02.5 
26.7 

28.8 

37.2 
29.3 

35-5 
38.9 

28.8 
86.5 

122.1* 
86.7 

187.6 

61.7 
37.9 



3.753-7 

101.3 
208.5 

223.8 
365.9 
38i+.7 

31*3.1* 
370.3 
854.3 

801.0 

691.0 

I.W7.3 

359.5 
1*02.8 



100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



Series A 



72.1 

3.3 

5.1* 

i*.6 
5.2 
5.1 
6.0 
i*.9 
52.9 

5"*.! 
33.2 
86.7 

32.1* 
12.6 



63.0 

2.8 
k.S 

k.2 

i*.7 
i*.6 

5.1* 

'*.3 

35.6 

1*2.7 
26.1 
65.8 

26.8 
10.0 



9.1 



100.0 



.1* 
.5 


100.0 
100.0 


.1* 
.1* 
.5 


100.0 
100.0 
100.0 


.6 

.6 

17.2 


100.0 
100.0 
100.0 


ll.U 

7.1 

20.9 


100.0 
100.0 
100.0 


5.6 
2.6 


100.0 
100.0 



l*,08l*.l 

121*. 7 
231.9 
256.1* 
390.1 

1*15.1 

376.2 

391*. 2 

81.8 



339.5 

23.8 
23.9 
33.0 
2U.6 

30.9 
33.5 

21*. 5 

5.6 



3. 71*1*. 6 
100.9 

208.0 
223.1* 
365.5 
384.2 

31*2.8 

369.7 

76.2 



100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



Series C 



SO6.I 
869.2 

71*1*. 5 

,2l*«.2 
388.9 
1*28.1 



1*5-3 

79-7 

60.6 

121.8 

35.0 
27.9 



Source: fisports of gross sales. 

1/ Sales of Tax Series Treasury notes began in August 19l*l. 



760.8 

789.6 

683.9 

1,126.1* 

353.9 
1*00.2 



100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



9-7 

20.8 
12.1 

8.5 

10.2 

7-2 
9.2 

13.3 

11.1 
ll*.l 

11*. 7 
8.6 



87.1* 

87.2 
90.6 

92.1 

91.7 
90.3 
90.1 
87.7 
67.1* 

78.9 
78.7 
75.9 
82,6 

79.2 



8.3 

19.1 
10.3 
12.9 

6.3 

7-1* 
8.9 

6.2 

6.8 



5-6 
9.2 

8.1 
9.8 
9.0 
6.5 



90.3 

79.2 
87.9 

85.7 
92.6 
91.5 
89.8 
92.8 
90.8 

86.7 

88.9 
85.9 

85.3 
91.1* 



12.6 
12.8 

9.1* 
7.9 
8.3 
9.7 

9.9 

12.3 

32.6 

21.1 
21.3 
2l*.l 

17.1* 
20.8 



91.7 

8O.9 
89.7 
87.1 

93-7 
92.6 

91.1 
93.8 
93.2 



91*. 1* 

90. 8 
91.9 
90.2 

91.0 

93-5 



<■'.'■• 



Sales of Tax Series Treasury Notes - (Continued) 
Table 4.- Redemptions by Series, Classified by Means of Payment 



or BOnth 



l^UZ-Septenber. 

October . . . 
Hovenber . . 
Decenber. . 
191*3- January.. . 
Tebniai7 . ■ 



B«denptlo&s In Billions of dollari at par 



total 



Means of paynent 



EecelTSd 
for taxes 



All series 



igUS 1/ 

igUj-FebrMary. . 
March 

April 

May 

June 

July 

Augiust . . . . 
September . 

October. . . 
Hovenber . . 
Decenber . . 
19U3-January . . . 
7ebruBry . , 



1,12'».'* 

16. 2 
505.6 

U6.6 
U3.9 

1*92.1 
1*6.1 
35-3 

531.5 

ti 
630.8 

88. 1 
80.7 



1,103.7 

U5.I* 

1*2. 1 

1*85.2 

1*1*. 8 

29.1* 

527.3 

56.3 
37.8 
626.2 
86. U 
78.8 



Series A 



19U2 1/ 

191*2- February. . 

March 

April 

May 

June 

July 

Au^st . . . . 
Septenber. 

October. , . 
HoTember . . 
Decenber . . 

1943-January.. . 
Tebmary.. 

191*2 1/ 

19U2-?ebruary. . 
March 

April 

M«y 

June 

July 

August. . .. 
September. 

October. . 
Norember. , 
Decenber . 

191*3- January . . 
f ebruary . 



17. U 

1.0 

10.8 

1.2 

.3 

3.7 

.5 
.3 

5.0 

.1* 

.1* 

10.1 

1.0 

2.5 



16.6 

• 9 
10.5 

1.1 

.2 

3.6 

.3 

.2 
^.S 

.2 

.2 

9.8 

.5 
1.8 



Series B 



1,107.0 



1^.2 
1*91*. 8 

1*5. U 

1*3.6 
1*88.1* 
1*5.6 
35-0 
526.5 

ti 

993.2 
68.5 

52.8 



1,087.1 

1U.9 

1*91*. 2 

1*1*. 3 
1*1.9 

1*81.6 

1*1*. 5 
29.3 

522.5 
56.1 
36.8 

589.0 

67.1* 
52.1* 



Cash 
redemptions 



Percentage distribution of redemptions 



Series C 2/ 



.1* 

.8 

27. >* 

18.5 

25-5 



.7 
27.1* 

18.1* 

2l*.5 



20.7 

• 3 

• 9 
1.3 

1.8 

6.9 
1.2 
5.8 
U.l 

38.6 
i*.9 
U.6 

1.8 

2.0 



19.9 
.2 

.6 
1.2 
1.7 
6.9 
1.1 
5.7 
i*.o 

37.9 
i*.6 

U.2 

1.1 



•3/ 

•11/ 
1.0 2/ 



Total 



100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



100 
100 
100 



100.0 
100.0 



100.0 

100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



100.0 

100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 



100.0 
100.0 
100.0 

100.0 
100.0 



Means of payaent 



BaceiTCd 
for taxes 



98.2 

97.9 
99.8 

97.3 
95-9 
98.6 

97.3 
83. I* 
99.2 

59.3 
88.6 

99-3 
98.0 
97.5 



95.6 

91.0 
97.3 

93. "♦ 
76.1 
97.2 
72.6 
60.8 
97.'* 
1*7.1* 
1*8.7 
96.9 

U8.7 
7U.6 



98.2 

98.1* 
99.9 

97.'* 
96.0 
98.6 

97.5 
83.6 
99.2 

99.7 
88.8 
99.3 
98.1* 
99.3 



97.2 
99-9 

99-3 
96.2 



Cash 
redemptions 



1.8 

2.1 

.2 

2.7 
U.l 
1.1* 

2.7 

16.6 

.8 

1*0.7 

11. u 

.7 

2.0 
2.5 



l*.l* 

9.0 
2.7 

6.6 
23.9 

2.8 
27.1* 

39.2 
2.6 

52.6 

51.3 
3.1 

51.3 
25.1* 



1.8 

1.6 

.1 

2.6 

i*.o 
1.1* 

2.5 

16.U 

.8 

1*0.3 

11.2 

.7 

1.6 
.7 



100.0 

2.8 

.1 

.7 
3.8 



Source: Dally Treasury Statements. 
• Less than $50,000. 
1/ Sale of Tax Series Treasury notes began in August I9U1. 



2/ Series C notes vere first offered for sale on September lU, 191*2, 
and may not be redeemed for cash until the sixth nonth after tb* 
date of issue. 

^ Special redemption. 






OWNERSHIP OF GOVERNMENT SECURITIES 



-^5- 



>^ 



Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued 
by United States Government and Guaranteed by United States 



(In mllllone of dollar*) 



Ind of fiscal 
jraar or aontb 



1933- 
193'*- 
1935. 
1936- 
1937. 

1938. 
1939. 
iguo. 
igUi. 
19U2. 



Securities Issued by United States GoTernment 



Total 
aaount 

out- 
standing 



19U2-reb. 
Mar. 



Apr.. 
May.. 
Jane. 

July. 
Aug. . 
Sept. 



Oct. 
Hot. 
Dee. 

19U3-Jan. 
reb. 



22.158 
26,US0 
27.6U5 
32.989 
35.800 

36.576 
39.886 
U2.376 
1*8,387 
71.968 

61,895 
61.9U0 

6U,i496 

68.108 

71.968 
76.691* 

81. 2M* 
85,81+7 

92.265 

95.'*58 
107.308 

110, 02U 
112,851 



Distribution by classes of holders 



n. 3. Oovernment agencies 
and trust funds £/ 



Total public 

and special 

Issues 



Public 

oarketable 

Issues 



690 
1.288 
1.629 
1.91*5 
3.221 

1».U52 
5,600 
6.792 
8.21U 
10.330 

9.537 
9.687 

9.721 
9.91*3 
10.330 

10.582 

10.85U 
11.106 

11.198 
ll.UOO 

11.928 

12.056 
12.375P 



Public non-L , , 
narketable Special 
Issues 



367 

892 

996 

1.319 

1.663 

1.776 
1.830 
2,017 
2.093 
2.1*1*2 

2.31*5 
2.351 

2.360 
2.1*22 
2,1*1*2 

2.1*53 
2.588 

2.592 

2.609 

2,608 
2,891 

2,878 
2,80l*p 



1 
3 

2 

3 

3 

3 
3 

1* 
U 
1* 

1+ 
1* 
5 

6 
6p 



Issues 



323 
396 

Pi 
626 

1,558 

2.676 
3.770 
i*.775 
6,120 

7,885 

7,190 

7.333 

7.358 
7.518 

7.885 
8.125 

8.262 
8.509 

8.585 
8.787 
9.032 

9.172 

9.565 



federal 
Eeserre 
Banks ^J 



Public 

oarketable 

Issues 



1.998 
2.1*32 
2.1*33 
2.1*30 
2.526 

2.56I* 

2.551 

2.1*58 
2,180 
2.6U1 

2,261 
2.21*1 

2.31*6 
2.1*82 
2.6UO 

3.11*8 
3,1*21 
3.552 

l*,6i49 
5.377 
6,152 

5.919 

5,821 



Private Investors kj 



Total 
public 
Issues 



Public 

Barketable 

Issuea 



19.1*69 
22,760 
23.583 
28.611* 
30.053 

29.560 
31.735 
33.126 
37.993 
58.997 

50.097 
50,012 

52.1*29 
55.683 
58,998 

62,961* 
66,969 
71,189 

76,1*17 

78.682 
89.228 

92.01*9 



Public non- 

narketable 

Issues 



19.1*69 
22,760 
23.521 
27.353 
28,865 

28,001* 
29. 581* 
29.961 

33. 1*39 
1*5,1*90 

39.09»* 
38.737 

1*0.1*31 
1*2.711 
1*5,1*91 

1*8,225 

51.167 
51*. 257 

57.750 
58.569 
67.1^5 

68.699 



9H.65UP 70.IOOP 



± 



62 

1.261 

1.188 

1.556 
2,151 
3.166 
U.55I* 
13.507 

11.002 

11.275 

11.999 
12.973 
13.507 

li*.739 
15,801 
16,932 

18. 667 
20.113 
21.783 



23.350 
2H.551+P 



Securities guaranteed by United States 1/ 



Total 

amount 

unmatured 

out- 
standing 



Distribution by classes of holders 



n, S. Oovernment 

agencies and 
trust funds and 
federal Be serve 
Banks 2/ 



Private 
Investors 

y 



681 
1*.123 
U,718 
U,665 

i*,853 
5.1*50 
5.1*98 
6,360 
l*,5U9 

5.673 
5,666 

5,666 
5.667 
U.5it9 



Public 

narketabls 

Issues 



Public 

marketable 

Issue* 



551 
567 
552 



l*.2l*3 
l*,2l*i* 
1*,283 

i*.277 
i*,275 



150 
362 
375 
363 

286 
287 

286 



289 
288 

295 
291 
286 

289 
297 
319 

326 



361 

3i*3p 



Public non 

marketable 

Issues 



5?^ 
3.761 

1*.3U3 

U.302 

1*.528 
5.16U 
5.211 

6.087 
i*,263 

5.381* 
5.378 

5.371 
5.376 
U.263 

1*.225 
1*.217 

U.196 

3.870 
3.863 
3.8U8 

3.835 
3.853P 



37 
53 
37 

1*8 
1*8 

87 

81 
79 



Source: 



(1) Total amounts outstanding: Dally Treasury Statements; 

(2) Securities held by U. S. Oovernment agencies and trust 
funds: reports of the agencies and accovtnts with the TreasuTj-; 

(3) Securities held by Federal Eeserre Banks: Tederai Reserve 
SystSB. 

Preliminary. 

Less than $500,000. 

Izcludes matured securities and obligation* soli^ directly to 

the Treasury. 

Ixcludes Exchange Stabllltatlon Pund. U. S. Oovernment trust 

fund figures shown for June 30 of each year are as of th* end 



y 



of the month; other figures through April 30. 19l*2 are as of the 

Wednesday nearest the end of the month. 

Plguree shown for June 30 of each year are as of the end of the month. 

Other figures are In part as of the Wednesday nearest the end of tha 

month throng May 19l*2; thereafter as of end of the month. 

The total amount of securities held by private Investors Is calculated 

by deducting from the total amount of securities outetandlng. the *e- 

curltles held by U. S. Oovernment agencies and trust funds and by 

Federal Reserve Banks. 



Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts!/ 



(In mllllonB of dollars) 













Net market purchases or sal 


e. (-) 










Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1C77 


11*. U 
-12.0 

1.6 

-9-5 

-2.8 

-•5 

-1U.5 


5.7 

-3.0 

.1 

-20.9 

12.0 

30.0 

-90.3 


119.6 

23.3 

-12.5 

-5-7 

5.8 


11.9 

2.5 

-37.1 

-1.6 

-.7 

■ 3 


3-9 

-U.9 

-1(0.1* 

.1* 

-.2 

* 


21*. 1* 
.8 

5.0 

.9 
.U 

•3 


1*.8 
1.2 
3.0 

• 

-2.3 


12.5 

-3-9 

3.3 

-8.1* 


8.9 
38.5 
71.9 

-3 

• 

-'*.5 


3-7 
1.0 

-1.2 

-l*.l* 

-.2 

-1.0 


2.0 

.1* 

-2.8 

-3 


-15.1* 


IQTfl 


6.5 


iq^Q 


-3-2 


iQUn 


-1.1 


iqUl 


60.0 


IQU2 


- 


191*3 


























, . 





• Lees than $50,000. 

1/ Consists of purchases or sales made by the Treasury. Treasury In- 
vestment accounts comprise (1) trust funds which by law are under 
the control of the Secretary of the Treasury or of the Treasurer 
of the United States, and (2) accounts under the control of certain 



facilities of the Treasury Department. This table also includes pur- 
chases under Section I9 of the Second Liberty Bond Act, as amended, 
and excludes the Ixchange Stabilisation Fund. 



«^7 

Summary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, January 31, 1943 

The following tables present summary data from the Treasury survey, as of 
January 31, 19'*-3i of the ownerBhip of securities Issued or guaranteed by the 
United States. The large commercial and savings banks and Insurance companies 
ooTered in the survey account for approximately 95 percent of the holdings of 
United States Government and Oovernment-guaranteed securities held by all banks and 
Insurance companies In the United States. 



Table I.- Analysis of Ownership by Type of Security, by Call Classes, 
and by Tax-Exemption Provisions 



PART A - PAR VALUES IN MILLIONS OF DOLLARS 



Claiilfieatlon 



I . By type of Bocurlty 

Securities Issued by United States 

Treasury bills 

Certificates of Indebtedness 

Treasury notes 

Treasury bonds 

Other bonds 



Ouarantsed Issues j/- 



Total. 



II. By call classes 

I>ie or first beoomlns eallabla 
Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

Orer 20 years 



Public aarketabls Interest-bearing securities 1/ 



federal Hoasinc Administration debentures 



Total. 



III. ty taz-axenptlon prorlslons 

Wholly szaapt froa redsral Income taxes kj 

Partially szaapt froa Federal Income 
taxes 5/ 

Subject to federal Inoooa taxas 



Total. 



Total 
amount 
out- 
standing 



Held by banks and Insurance companies 
covered In Treasury surrey 



Total 
6,990 
Insti- 
tutions 



10,71*1 

9.863 

"♦9.273 

196 

"♦,196 



81,691 



22,11*5 
20,171 
22,788 

'».572 
5.^1 



81,691 



3. '♦57 

29, it^ 
1*8,765 



81,691 



5.633 
6,887 
6.165 

33.321 

13 

3,087 



6.235 l>ank» 



Total 



55.606 



ik.Wk 

13.363 

17.027 

3.981 

3.239 

3.53'^ 

19 



55.606 



1.213 
19,1*1*2 

3i^.952 



55,606 



5.589 
6.729 
5.872 

23,81*0 
12 

2.758 



5.7'*5 

coQusor'" 

clal 

banks 



1*1*. goo 



lU,003 
11,558 
ll*,222 

2.59U 
81*3 

1.573 



1*1*. 800 



1,131* 

i'^,390 
29,276 



'*l*,800 



5,56s 

6.59'^ 

5.698 

19 . 760 

12 

2.650 



1*0,281 



13.729 

10,910 

12.270 

2,081 

581* 

701 



1*0,281 



l.lll* 

13.127 
26,039 



1*0,281 



1+90 

autual 

saTlngs 

basks 



21 

136 

171* 

lt,080 

• 

108 



"♦.519 



275 
6U8 
.952 
513 
259 
872 



"♦.519 



19 

1,263 
3.237 



'♦.519 



755 Insurance companies 



Total 



"♦5 

157 

29I* 

9,981 

1 

325 



10,806 



1*1*0 

1.805 
2,805 
1.387 
2.397 
1.960 

12 



10,806 



79 

5,052 
5.675 



10,806 



199 

life 
insurance 
companies 



33 

27 
166 

8.392 

« 

277 



8.895 



210 

i.3'*5 

2.279 
1.125 
2,101 
1,821* 

12 



8,895 



30 
3.863 

5.002 



8.895 



(Continued on folloviog page) 



556 
fire, 
casualty 
and marine 
insurance 
companies 



11 

131 

128 

1.589 

« 
52 



1.911 



230 
1*60 
526 
262 

296 
137 



1.911 



1*9 

1,188 
67'^ 



1,911 



Held by 

U. S. 

Oovenuent 

ajaaeies 

and trust 

funds, and 

Federal 

Beserre 

Banks 2/ 



698 

1.336 

1.356 

5.373 

33 

361 



9.158 



2.632 
2.1*79 

2,2ll* 
827 
1*12 
592 



9.158 



558 
3.76I* 

"♦.835 



9.158 



Held by 

all 

other 

InTasters 



1,091 

2.518 

2.31^1 

10.079 

150 

71*8 



16,927 



5,069 

■♦.329 
3.5"+7 
1.61*0 

921 
1,1*21 



16.927 



1,686 

6,263 
8.978 



16.927 



:;<?■.<» 



^ 



Suimnary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, January 31, 1943 - (Continued) 

Table I.- Analysis of Ownership by Type of Security, by Call Classes, 
and by Tax-Exemption Provisions - (Continued) 



PART B - PERCENTAOE DISTRIfi'UTION BY CLA.33E3 OF SECURITIES 




^y type of security 
Seeurltlei Iseued tj United States 
Treaiory bllli 

Certificates of Indebtedness 
Treasury notes 
Treasury bonds 
Other bonds 
Quaranteed Issues ^ 
Total 
n. By call classes 

die or first becoaiag callable 
Within 1 year 
1 to 5 years 
5 to 10 years 
10 to 15 years 
13 to 20 years 

Oror 20 years 

federal Housing Administration debentures.. 

Total 

By tax-eiemptlon proTlslone 

Vfholly exempt from Federal Income taxes kj . 
Partially exempt from Tederal Income taxes 5/ 
Subject to Federal Income taixes 
Total 



PART C - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS 



Classification 



III. 



if type of security 
Securities Issued by United States 

Treasury bills "*•' 

Certificates of indebtedness 

Treasxiry notes ' 

Treasury bonds 

Other bonds ' 

Ouaranteed issues j/ 

Total 

By call classes 
Due or first becoming callable 

Vithln 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

Orer 20 years 

Federal Boasln^ Administration debentures. 

Total 

By tax-exemption prorlslons 

Wholly exempt from Federal income taxes kJ 

Partially exempt from Federal Income taxes 5/ 

Subject to Federal income taxes 

Total 



Public marketable interest-bearing securities 1/ 



Total 
amonnt 
out- 
standing 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



Held by banks and insurance companies 
eorered in Treasury surrey 



Total 

6,990 

insti- 

tatiens 



m 

62.5 

68.6 

6.5 

JiA 



68.1 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



100.0 



100.0 
100.0 
100.0 



100.0 



65.2 
66.2 
7U.7 
61.7 
70.8 
63.7 

87.1* 



6.235 banks 



Total 



6.2 

65-7 



5t».8 



5.7'*5 
commer- 
cial 
banks 



75.0 
6l.lt 
7.8 

6!i 

63.1 



s 



'*9.3 



68.1 



35-1 
66.0 
71.7 



68.1 



63.2 
57.3 
62.il 

ltO.2 
18.1» 
28.4 
32.0 
-50 



32.8 
Us. 8 
60.0 



j!i^ 



62.0 

5>*.i 
53.8 
32.3 

12.8 

12.6 

29.5 

"59T3 



1190 

■utual 

sarings 

banks 



.3 
1.3 
1.8 
8.3 

.1 
2.6 



755 insurance companies 



Total 



5.5 



32.2 



^■3 



1.2 
3.2 

8.6 
8.0 
5.7 
15.7 
2.'* 



5.5 



.6 

"♦.3 
6.6 

5-5 



13.2 



2.0 
8.9 
12.3 
21.5 
52. l» 
35.3 



199 

life 
insurance 
companies 



.U 

.2 

1.7 

17.0 

.1 

6.6 



10.9 



13.2 



2.3 
17.1 
11.6 



13.2 



6:? 
10.0 

17.1* 
U5.9 
32-9 
55-0 



10.9 



556 fire. 
easTialty, 
and marine 
insurance 
companies 



.1 
1.2 
1.3 
3.2 

.2 
1.2 



Held by 

0. 8. 

Oorernment 

agencies 

and tmst 

foada, and 

Federal 

Be serve 

Banks 2/ 



Held by 

all 

other 

inTestors 



2.3 



1.0 
2.3 
2.3 
l*.l 
6.5 



2.3 



.9 

13.1 
10.3 



10.9 



l.U 
U.O 
l.U 



9.U 
12. U 
13-7 
10.9 
17.0 

8.6 



11.2 



11.9 

12.3 

9-7 
12.8 

9.0 
10.7 

5-2 



11.2 



2.3 



16.1 

12.8 

9.9 



11.2 



IU.7 

23. u 
23.7 
20.5 
76.5 
17.8 



20.7 



22.9 

21.5 
15.6 
25.U 
20.1 
25.6 

7.'* 



20.7 



US. 8 
21.3 
18.U 



20.7 



Less than $500,000 or less than .05f(. 

Public marketable interest-bearing securities include all Interest- 
bearing securities outstanding except (l) special Issues to OoTem- 
ment agencies and trust funds. (2) adjusted serrice bonds. (3) i»- 
posltary bonds, (U) United States saTlngs bonds, and (5) tax series 
notes and (6) Commodity Credit Corporation demand obligations. Such 
obligations were held by institutions reporting, as follows: (1) de- 
positary bonds: commercial banks, $118 millions; (2) United States 
saTings bonds: commercial banks, $192 millions; mutual savings bauke, 
$96 Billions; Insurance companies, $122 millions; all institutions. 
$U09 millions; (3) tax series notes: commercial banks, $52 millions; 
mutual saTlngs banks, $5 millions; Insurance companies, $33 millions; 



all institutions, $90 millions; (U) Commodity Credit Corpo- 
ration demand obligations: holdings of these ebligations 
are not reported. 

Ixcludss Exchange Stabilisation Fund. 
Ixcludes obligations sold directly to the Treasury. 
Securities the Income from which Is exempt from the normal 
rates and the surtax rates of the Federal income tax. 
Securities the Income from whloh Is eienpt from the normal 
rates of the Federal Income tax. (In the case of partially 
tax-exempt Treasury bonds. Interest derived from $5,000 of 
principal amount owned by any single holder is also exempt 
from the surtax rates of the Federal income tax. ) 



'^9 

Summary Data from Treasury Survey of Omership of Securities 
Issued or Guaranteed by the United States, January 31, 1043 - (Continued) 

Table II.- Distribution of Ownership for Bach Issue Outstanding 



PART A - PAR VALUES IN MILLIONS OF DOLLARS 



tas-exenptton proriiloa 



Public akrketable intereit-baarioc ■eenrltlei 1/ 



total 

■Bcnmt 

out- 

■tandlas 



Hald by banks and Inmrasc* oompanlaa 
eoTorad In Treatory wax-nj 



Total 

6.990 

Insti- 

tntioaa 



6.235 bank! 



Total 



5,7'»5 

oomer- 

oial 

bank! 



U90 
■atoal 

•aTlB^B 

bank! 



735 Inioranc* coBpanles 



Total 



199 

InsTirejica 
eoBpania* 



556 
fira, 
oaraaltf, 
and narlna 
Inanranoe 
cOBpaniaa 



Held by 

tJ. 8. 

Oovamaent 

a^nciaa 

and traat 

funds , and 

federal 

Eeserre 

Banks g/ 



Held by 

aU 

Other 

InTestors 



Hholly exegpt frOB Tederal lacoae taxes 2/ 
Treaeory notes 

l-l/g)t June 1943 

1^ September I943 

l-l/gji December 1943 

if March igW* 

3/hi Jtine igW* 

Ijt September 1944 

3/U)l March 19U5 

Total Treaanry notes 

Sends 

Postal sarins 

Panama Canal 

Conver sloD 

Total bonds 

Total wholly exempt from 'ederal 

Income taxes 



II. Partfally exempt from federal Income 
taxes h/ 

Treasury bonds 

3-3/851 Jxme 19'*3-'»7 

3-l/Ujt October 19»*3-'»5 

3-l/U)t April 19l«-l»6 

l*jt December 1944-5I* 

2-3/U^ September X^k^WJ 

2-1/2^1 Dscenbar I945 

3-3/U)l Mardi I9I+6-56 

if Jnns I9U6-48 

3-1/8^ Jnna 19t^U9 

l»-l/Ujt October 1947-52 

Zfi December l^ky 

2-3/1*^ Mar ch 19l»«-51 

2-l/2ii September 19l»8 

Zf> December I9U8-5O 

3-l/8jt December 191*9-52 

Z-I/Zf Decembar I9U9-53 

2-l/2Jt September 1950-52 

2-3M J«i» 1951-5'* 

ii September 1951-55 

2-l/l»jt December 1951-53 

Sf June 1953-55 

Z-l/kf Jtme 195l*-56 

2-7/8)1 March 1955-bO 

S-3/ki September I956-59 

2-3/U){ Jtmo 1958-63 

2-3/1*56 December I96O-65 

Total Treasury bends 



629 
279 
U2I 

515 
U16 
283 
718 



3.261 



117 
50 



196 



3.'t57 



1*51* 
i.lWl 
1.519 

1.037 
l.ZlU 

5^1 

Ug9 

1.036 

819 

799 
701 

1,223 

U51 
571 
M91 

1,786 
1,186 
1.627 

755 

1.118 

725 

681 

2, 611 

982 

919 
I.H85 



26.581 



12l* 
252 

255 



190 

118 
98 

2H5 
191 

U2 

237 



183 

116 

95 

2>*2 

Tx 
236 



1,200 



1,122 



1,102 



19 



79 



13 



12 



1,213 



m"* 



Lll"* 



19 



210 
723 
851 

639 
765 

398 

310 
637 
U83 

UI8 
606 
934 

392 

kgk 
381 

1.219 

939 

1.183 

322 
827 
623 

550 

1,169 

618 

692 
i.oUo 



187 
568 
6>*o 

1»92 

562 

336 

205 

285 

699 

3U7 

U39 
252 

l.OUO 

770 
796 

237 

772 

597 

Ul^5 
605 
370 

280 
382 



lJt« 
512 
577 

'»37 



178 
29>* 

236 

521 
637 

?" 
'♦31 

206 

977 
7O6 
68>* 

181 

7'*5 
^6 

t33 
489 
336 



39 

P 

22 
27 

55 
U9 

1*9 

12 
63 

9 

8 

1*6 

63 

65 

112 

56 
27 
10 

12 
116 

35 

1*1 
38 



17.'*13 



12.639 



11.1*5!* 



1,185 



79 



22 

155 

211 

li*7 

203 

62 
105 

181 
139 

133 

73 

235 

1*6 

1*6 

129 

179 
168 
387 

86 

26 



21*8 

1*12 
658 



'♦,77t 



3 

3 

21 



30 



30 



10 

110 
162 

Ul 

163 

29 

92 

1^ 

116 

75 

1*6 

197 

30 

24 
91 

120 
114 
322 

61 

28 

2 

69 
449 
180 

331 
532 



3,616 



11 

3 
5 

6 
5 

1 
17 



49 



49 



1.158 



114 
32 
55 

107 
72 

86 



525 



33 



33 



558 



107 

205 
224 

118 

168 
52 

70 

ai 

89 
83 

1 

165 

23 

294 
165 

217 

116 

163 
38 

46 
444 
180 

86 
145 



3.507 



312 
124 
242 

156 
145 

181 

377 



1.536 



72 
49 
29 



150 



1.686 



138 
444 
279 

282 

91 

109 
188 
247 

257 

93 
125 

36 
37 
64 

273 
82 

227 
317 

128 
64 

85 
999 
183 

l4o 
301 



5.662 



(Contlnoed en follevinc pa^) 



50 



Suimnary Data from Treasury Survey of Omershlp of Securities 

Issued or Guaranteed by the United States, January 31, 1043 - (Continued) 

Table II.- Distribution of Omershlp for Each Issue Outstanding - (Continued) 

PART A - PAR VALUES IN MILLIONS OF DOLLARS- ( Continued) ^^^ 



Itsoa, elaailfled Iqr 
t>z-«xsBpti,& proTliln 



II. Partially exempt trom 1»A»T»1 ince»» 
taiet ^/ (eontlgged) 
Ooarantaad laiues ^ 

Comoollty Credit Corporation 

3/U5t Hay 19'*3 

r*d«ral rara Hortea«« Corporation 

3-l/U)t March igUi^^ 

35t Kay 19UU-)»9 

Vaderal Eotisln^ Adalnlstration 

de1>antnrea 

Hob* Ovnera' Loan Corporation 

35( May 13^*k-V 

l-l/2)t Juno IS"*?-*? 

ladaral Public Houaing Inthorlty 

1-3/8)6 Tobruary l^ 

Total goaranteed iiioa* 



Pablic narkatablo Intoreat-lMarlns •aenritias 1/ 



Total 

anonnt 

oat- 

■tandlBC 



Total partially oxeapt froa Tadoral 
incomo tazas 



III. 



8abJ«ct to Tedoral ineone tan, 
Iraaaury bills 



Certlfleatea of iadabtadoAsa 



3M 
.655' 

7/8f6 
7/0 
IM 



Tabraary 

May 

Ao^st 

Hovember 

Qecenber 



19'*3 
I9U3 

19'*3 
19'»3 
19U3 



February 19U3(8paBl«l laBU») 



Total eertlfioate* of indabtednosi 

Troaaury notes 

3/Ujf March 19'*3 

3/U5t Wptaabar 19'W 

l-l/U)t Maroh ig"*? 

3/lt)l Dsoaabar 19'^5 

1% Maroh 19>»b 

l-l/2ft Dsoaabar igUfi 



Total Treasury note*. 



Treasury bonds 

2% March 

ll3/U^ Juna 

3^ Juna 

2it Saptenber 

2^ Daoaabar 

2^ March 

2<t Ceoeabar 

2-1/2% March 

2-l/l*5t Jons 

8-1/2^ March 

2-1/ 2)t June 

2-1/2^ Dsceaber 

2-l/2f( Septesbsr 

Total Treasury bonds 

Ouarantesd Issuss ^ 

Comnodlty Credit Corporation 

l-l/gji robmary ig"*? 

Baconstructlon rinaaea Corporation 

l-l/g5t July 19'*3 

15t April I9UU 

Total guaranteed Issoaa 



19U«-50. 

I9U8 

19149-51. 
I9U9-5I. 
19'»9-51- 
1950-52- 
1951-55. 
1952-5'*. 
1952-55. 
1956-58. 
1962-67 . 
1963-68. 
1967-72. 



Total subject to Federal Incoaa taxes.. 



IV. Crand total. 



289 
95 

835 

21 

779 
755 

Au 



Held by banks and insuranoa eoapanlos 
eorerad in Treasury surrey 



Total 
6.990 
insti- 
tutions 



2,888 



29. '♦69 



7.'«3 



1.588 
1.506 
1,609 
2.035 

3.800 
202 



240 



Si 



19 



P2 

6ah 



99 



6,235 banka 



Total 



a. 029 



19,U4g 



5.633 



10,7'*1 



66 

1,606 
531 

3.261 



6.602 



1.115 
3.062 
l.Oll* 

1,292 

2,098 

1.963 

510 

1.021* 
1.501 
1,U1»9 
2,118 
2,831 
2,716 



916 
1,021* 
1.117 

1.39^ 

2. '♦36 



231* 
35 

1*22 



61*0 



5.7'*5 

eoamar- 

oial 

banks 



97 



1.751 



ii*.390 



5.589 



6.887 



15 
510 

.165 
1*1*5 
inJ* 

.>H5 



Ms 966 



22,693 



1*12 

321* 

571 



1.307 



'♦8.765 



806 
2,'*56 

812 

1.052 
1.551 

i.»77 
3»*5 
687 
1.161 
1,021 
1,506 

1,852 
1,682 



892 
1,006 
1,098 

1.358 
2,376 



6,729 



233 

21 
1*00 



28H 
633 

96 



1*90 
■utual 
sarings 
banks 



755 insuranos oonpanles 



Total 



1.673 



13.127 



5.568 



881 

997 

1,07'* 

1,326 

2.315 



6.59» 



28 
112 

12 

7>* 



199 

life 

insurance 

ooapaaiss 



556 
fire, 
casualty, 
and aarlna 
Insurance 
coapaniss 



78 



1.263 



277 



21 



,^5 
1*81 
1.111 
1*15 
380 

2.3M8 



M.750 



l6,U08 



337 
273 

1*1*8 



1.058 



3M.952 



81,691 55.606 



61*0 

2.211* 
662 

l.ffi^ 
1,266 



916 

577 
180 
521 

1.053 



1*^ 
1.077 

1*00 

366 

2,271* 



'*.595 



11.201 



309 

263 

i*3U 



1.007 



29.276 



1*1»,800 



1*80 

2.115 

560 

801 

1.195 

1.136 

280 

234 

567 

237 



701 



136 



5.052 



■♦5 



27 
101 



12 

66 
38 



2l*7 



3.863 



33 



157 



155 



8.306 



295 

256" 
1*26 



977 



26,039 



1*0,281 



160 
99 
102 
11*2 
168 
130 

33 
320 
31*9 
31*0 

180 
521 

351 



2.895 



215 



165 

21*2 
150 
109 
188 
211 
32 

2U5 

1*1*5 
1.326 
1.331 

629 



1* 
3 

2 

7 

10 



27 



2 
31 



Held by 

u. s, 

OoTemaent 
a^nolas 

and trust 

funds, and 

Fsdsral 

Baserre 

Banks 2/ 



1.188 



U 



21 

16 
28 
50 



,i 



li*9 
3 



Held by 

all 

other 

investors 



258 



3.76U 



698 



131 



36 
20 
21* 

33 



136 



5.207 



30 



3.237 



M.sig 



5.675 



10,806 



152 

189 

135 

1I2 

IE 

123 

1*21*- 

1.237 

1.257 
567 



6 
18 
10 
10 

35 

79 



>*.776 



23 

2 
5 



30 



5.002 



8,895 



13 

53 

15 

16 
9 

10 
25 
20 

% 

62 



371* 
I8U 

218 
326 

33 

202 



1.336 



39 

15 

228 
18 
21* 

506 



831 



1*31 



67'* 



1,911 



150 

7 

11*1* 

7"* 



67 

108 
110 
119 
181 
263 

329 



1,867 



31 

9 
63 



103 



'*,835 



9.158 



'♦5 

28 

205 



239 
68 



15 
602 



6,263 



1.091 

299 
298 
275 
316 
1.331 



2.518 

11 
no 

213 

68 

6U 

339 



8O5 

159 
599 

166 

326 
98 

228 

230 
309 
1*31 
716 
705 
1*,U18 



1*1* 

1*3 
6o_ 

ii*6 
8,978 



16,927 



(Continued on following pa^e) 



51 



Summary Data from Treasury Survey of Oimershlp of Securities 
Issued or Guaranteed by the United States, January 31, 1943 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART B - PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS 



Itiue, classified ^t 
taz-ezamptlon proTlslon 



Wholly axeiipt fren T»i*rtl Incont tax* ! 2/ 
Traaiury sotas 

l-l/8jt Juna 1943 

li Septembar I9U3 , 

l-l/g)t Deeembar 191*3 

Ijl March 19IA 

i/^i Juna 1944 

Ijl Saptember igUU 

3/U5t March 191*5 

Total Traamry notea 

Boadt 

Postal sa-rlo^ 

Panama Canal ,, 

Conrarslon 

Total bOBda 

Total wholly axanpt from rederal 

Incoma taxss 



II • Partially axanpt fron faderal Ineoaa 
taxas k/ ~ ~ 

Traaaury bonds 

3-3/8)' Jiina i9^i-^l 

3-l/l*)f October 19l«3-l*5 , 

3-l/lti< April 19U4-46 

hi Daeenbar 19U14-51* 

2-3/k% Saptember igUg-lty 

2-1/ 2Jt December I9U5 

3-3/'*^ March 191*6-56 

3}f June 19U6-4g 

3-l/85f June 191*6-1*9 

l*-l/l*)l Oct ober 191*7-52 

Zf December I9U7 

2-3/l*)8 March 191*8-51 

2-1/2^ September 19l*g 

Zfi December 191*8-50 

3-l/8)t December 191*9-52 

2-1/251 December I9U9-53 

2-l/2Jt September I9 50-52 

2-3/U)t Jane I95I-5I* 

ii September I95I-55 

2-l/l*)l December 19 5I-53 

2ft J»na 1953-55 

2-l/l*il Jnne 195l<-56 

2-7/8)1 March 1955-60 

2-3/l*)t September 19 56-59 

2-3/l*)S Juno 19 58-63 

2-3/1*^ December I960-65 

Total Treasury bonds 



Total 
amount 
out- 
standing 



Public marketable Interest-bearing securities 1/ 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 



100.0 



100.0 
100.0 
100.0 



100.0 



100.0 



100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 



100.0 



Total 

6,990 

insti- 
tutions 



32.3 

1*1*. 3 

29.5 

1*8.9 
U7.9 
15.3 
35.5 



36.8 



10.1 

1.6 
.6 



6.5 



35.1 



U6.2 
51.6 
56.0 

61.7 
63.0 
73.5 

63.1* 
61.5 
59-0 

55.1 
8S.5 
76.3 

87.0 
81*. 8 
77.5 

68.3 
79.2 
72.7 

1*2.6 
73.9 
85.9 

80.8 
l*l*.8 
63.0 

75.3 
70.0 



65-5 



Held by banks and Insurance companies 
covered in Treasury surrey 



6,235 hanks 



Total 



30.2 
1*2.2 
23.2 

U7.6 

U6.1 
1U.9 
33.0 



commer- 
cial 
banks 



3i*.i* 



9.6 

1.3 

.1* 



6.2 



32.8 



1*0.6 

1*2.1 

1*7.5 
1*6.3 
62.1 

1*1.9 
l*U.i 
1*2.0 

37.6 
76.1 
57.1 

76.9 
76.8 
51.3 

58.2 
6U.9 
1*8.9 

31.3 
69.1 
82.3 

65.1* 
23.2 
37-7 

30.5 
25.7 



'*7.5 



29.0 
1*1. U 
22.5 

1*7.0 
1*5.8 
li*.6 
32.9 



1*90 
mutual 
savings 
banks 



33.8 



9.5 



6.1 



3?.2 



32.6 
36.6 
38.0 

1*2.1 
U1.6 
58.0 

36.5 
38.8 
35.9 

31.1 
7>».3 
52.0 

7U.8 

75> 
1*1.8 

5U.7 

2l*.0 
66.7 
8O.9 

63.6 
115.7 
3l*.2 

26.0 

23.1 



■♦3.1 



1.2 
.8 
.7 

.6 

:l 
.2 



8.6 
1*.0 

l*.l 

u 

l*.l 
5.5 

6.0 

6.5 
1.8 
5.1 

2.0 

1.1* 

9.>» 

P 

6.9 
7.t 

2.1* 
l.U 

1.8 

l*.l* 
3.5 

"*■! 
2.6 



^.5 



(Continued on following page) 



755 Insurance companies 



Total 



2.1 
2.2 
6.2 

1-3 

1.8 

.u 

2.1* 



2.1* 



.3 

2.3 



■♦.9 

U.l 

13.9 

11*. 2 
16.7 
11.5 

21.5 
17.5 
17.0 

17.5 

10. U 
19.2 

10.1 

8.0 

26.3 

10.0 

ll*.2 
23.8 

11.3 
l*.9 
3.6 



1*1*.8 
W*.3 



18.0 



199 

life 

insurance 

companies 



556 
fire, 
casualty, 
and marine 
insurance 
companies 



.U 
1.1 
U.9 

.1 

.6 

w 

.1 

.9 



2.1 

7.8 

10.7 



18.8 
ll*.6 
IU.2 

9.9 

6.5 

16.1 

6.7 

>*.2 

18. 5 

6.7 

9.6 

19.8 

8.1 

2.5 

.3 

10.2 
17.2 
18.1* 

36.0 
35.8 



13.6 



1.7 
1.0 
1.3 

1.2 
1.2 

.1* 
2.1* 



Held by 

D. S. 

Government 

agencies 

and trust 

funds, and 

Federal 

Be serve 

Bank^ 2/ 



1.5 



.2 



1.1* 



2.8 
3.2 
3.2 

3.5 
3.3 

6.2 

2.6 
2.9 
2.8 



7.8 

u 

k.o 
3.2 

2.1* 
3.3 

5.2 
>*.l* 
6.9 

8.8 
8.5 



U.l* 



18.1 
11.1* 
13.0 

20.8 
17.3 
20.9 
12.0 



Held by 

all 

other 

investors 



16.1 



28.5 



17-0 
16.1 



W.6 
ii*.7 

11.1* 

13.9 

9.6 

20.4 
10.9 

11.0 

.2 

13.5 

5.0 
8.8 
9.5 

16.5 
13.9 
13.3 

15.1* 

li*.6 

5.2 

6.8 
17.0 

18.3 

9.t 
9.8 



13.2 



1*9.6 
1*1*. 3 
57.6 

30.3 
3U.8 
63.8 
52.5 



U7.1 



61 



61.5 

98.4 
99. "» 



76.5 



1*8.8 



30.3 
33.8 
29.2 

26.9 
23.2 
16.9 

22.3 
18.1 
30.2 

33.9 
13.3 
10.2 

8.0 

6.1* 

13.0 

15.3 
7.0 

ll*.0 

1*5.0 

11.1* 

8.9 

12.5 
38.2 
18.7 

15.3 

20.2 



21-3 



52 



Suimnary Data from Treasury Survey of Ownership of Securities 
Issued or Guaranteed by the United States, January 31, 1943 - (Continued) 

Table II.- Distribution of Ownership for Each Issue Outstanding - (Continued) 

PART B - PERCENTAOE DISTRIBUTION BY GROUPS OF INVESTORS- ( Continued) 



laiua, claaalfied ty 
tax-aiemptlon prorlalan 



PartlallJ eienpt f roB redarail Incone 
texea \j (coatlnued) 
Ouirantead lasuaa 5/ 

Coomodlty Credit Corporation 

3/l»?S M«y 19'»3 

redeml Tam Hortga^* Corporation 

3-l/U5t Harch 19>A-61* 

3it May 19l*U-U9 

Federal Houalng Admlnlatratlon 

debenturea 

Hobo Owners' Loan Corporation 

355 May 191+U-S2 

1-1/2^ June 19'+5-'»7 

Federal PuJbllc Houalng Authority 

1-3/g^ February 19"*^ 

Total guaranteed laeuea 

Total partially exenpt from Federal 
Incone taxea 



Public marketable Intereat-bearlng aeeurltles 1/ 



Total 

BBOUnt 

out- 
atandlng 



III. 



Subject to Federal Income taxea 

Treaeury bllla 

Certlflcatea of Indebtedneaa 



100.0 



100.0 
100.0 



100.0 



100.0 
100.0 



100.0 



Held by baoka and Inaurance eompaalea 
corered In Treaaury aurrey 



Total 

6,990 

Inati- 

tutlons 



100.0 



82.8 

67.0 
61*. 

87.1* 

50. a 

90.6 
86.5 



6,235 banka 



Total 



commer- 
cial 
banka 



70.2 



80.9 

36.9 
50.5 

32.0 

U0.7 
81*. 7 

81*. 7 



60.6 



100.0 



100.0 



5/8^ 

Mi 
7/8^ 
7/85t 
7/8ft 
l/U^ 



February 

Hay 

Auguat 

HoTember 

December 

February 



191*3 
191*3 
191*3 
19'*3 
19'*3 
19l*3( Special laaiu 



Total certlflcatea of Indebtedneaa. 



Treasury notea 



3/'*1' 
3/'»if 

lit 
1-1/216 



March 

September 

March 

December 

March 

December 



I9U3. 
191*1*. 
191*5- 
191*5. 
191*6. 
191*6. 



Total Treaeury notea 

Treaeury bonda 

2ft March igUg-SO. 

l-3/U)t Jun« 191*8.... 

2< June 191*9-51- 

2^ September 19l»9-51-- 

2fi December 19'«9-51- 

25t March 1950-52- 

2^ December 

2-l/2lt March 
2-1/1*^ June 
2-l/25t March 
2-l/25t June 
2-I/25S December 
2-l/2?t September 

Total Treaaury bonda 

Guaranteed laauaa ^ 

Commodity Credit Corporation 

l-l/85t February 191*5 

Beconatruction Finance Corporation 

l-l/ejt July 19'*3 

Vf, April I9W 

Total guaranteed laauaa 

Total aubject to Federal Income taxea. 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



66.0 



75-9 



100.0 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



1951-55. 
1952-5H- 
1952-55. 
1956-58. 
1962-67. 
1963-68. 
1967-72. 



100.0 



57.7 

68.0 

69.U 
68.5 
61*. 1 



61*. 1 



23-3 

80.2 
72.6 
83.9 
82.1* 
7i*.l 



1*8.8 



75.3 



56.1 

66.8 
68.2 
66.7 
62.5 



80.6 

22.3 
1*7.9 

29.5 

36.lt 

83.8 
81*. 3 



1*90 

mutual 

aavlnga 

banka 



755 Inaurance companlee 



Total 



57.9 



1*1*. 5 



75-0 



62.7 



75-2 



100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 
100.0 



IT. Orand total. 



100.0 



100.0 



100.0 
100.0 



100.0 



72.2 
80.2 
80.1 
81.1+ 

71*. 
75-3 

67.7 
67.1 
77.3 
70.5 
71.1 
65.1* 
61.9 



22.8 
75.7 
69.2 
78.2 
75.6 
72.0 

72.0 



55-5 
66.2 
66.8 
65.2 
60.9 



1H.6 
2.7 

2.1* 

.9 

.1* 



2.7 



1.9 
30.1 

IS."* 
55.1* 

9.5 
5.8 

1.8 



199 

life 

Insurance 

companlee 



556 
fire, 
caaualty , 
and marine 
Inaurance 
companlee 



Held by 

U. S. 

Oovernment 

agenda a 
and truat 
fonda, and 

Federal 

Eeaerra 
Banks 2/ 



9.6 



'*.3 



.3 



17.1 



61.1* 



20.3 
73-1 
67.1 
75.'* 
72.7 
69.8 



72.3 



81. 9 

81*. 1 
78.1* 



8O.9 



100.0 
100.0 



71-7 

68.1 



57. >♦ 

72-3 

65.3 
73.0 

65.0 
6i*.5 
61.3 
5i*.i 
61.0 
39.8 
?.5 
18.1* 
38.8 



69.6 



.7 
.6 

1.6 
1.6 



1.3 



2.6 

2.6 
2.1 
2.8 
2.9 
2.2 



1*9.1+ 



1*3.0 
69.1 
55.2 
62.0 
57.0 
57.9 
51*. 8 
22.9 
37.8 
16.3 



25.8 



2-3 



1.6 
1.2 
1.1 

1.8 
1.6 



28.6 
12.1 

55.0 

8.5 

5.0 



8.5 



1.0 

l.U 

1.3 



1.0 

.9 
1.3 



13.1 



1.1 
i*.o 



.1 



1.5 



.5 

i*.6 
3.'+ 
^^ 

6.8 
2.1 



.2 



36.6 



75.0 

81.2 
76.0 



77-0 



60.0 



5U.8 



71.8 

78.8 
71+.5 



7'+-7 
53.'+ 



1*9.3 



lU.i* 
3.2 

10.1 

11.0 

8.0 

6.6 

6.5 

31.2 

23.2 

23.5 

8.5 

18.1* 
12.9 



3.3 



12.8 



3.2 

2.1* 
1.6 

2.3 



6.6 



5-5 



ll*.8 
7.9 

ll*.8 
8.1* 
8.9 

10.8 

6.1* 
13.0 
16.3 
30.7 
62.6 
1*7.0 
23.2 



.2 
3.6 
2.3 
3.8 

1*.8 
1.0 



2.1 



22.9 



6.9 



\l 



3.9 



11.6 



13.2 



13.6 
6.2 

13.3 
6.9 
7.8 

^.! 
12.0 

li*.6 
29-3 
58.1* 
1*1*. U 
20.9 



1.3 

1.0 
1.0 

1.1+ 
1.3 



1.2 



.3 

1.0 

1.1 
1.9 

2.0 
1.1 



1.2 



1.2 
1.7 
1.5 
1.5 
1.2 
.8 
1.7 
1.0 

1.7 
1.1* 

1*.2 
2.6 
2.3 



21.0 



5-5 

.5 
.9 



2.3 
10.3 



10.9 



1.9 



l.U 

2.1* 
1.5 



1.7 



l.l* 



2.3 



Held by 

all 

other 

Inreatora 



1.5 

3.6 
11.5 

5-2 



19.1 

.U 



8.9 



12.8 



9.1* 



23.5 
12.2 

13-5 

16.0 

.9 

100.0 



12.1* 



^.6 

2.1* 
lU.2 

1*.8 
15.5 



12.6 



13.5 
.2 

Xl*.2 
5.7 
7.3 
B.2 

13.1 

10.6 
7.3 

8.2 

8.5 

9-3 
12.1 



8.2 



7-5 

2.8 
11.0 



7.9 



9.9 



11.2 



15.7 

29-5 
2U.5 

30.7 
9.0 

13.2 



20.8 



21.3 



l'+.7 



18.8 
19.8 
17.1 

15-5 
35.0 



23.1* 



17.1 
17.3 

13.2 

12.7 
12.8 
10.1* 



12.2 



H*.3 
19.6 

5-7 
12,9 
18.7 
16.6 
19.2 

22.3 

15-3 
21.3 

20.1* 
25.3 
26.0 



19.5 



10.6 

13.1 
10.5 




• Leaa than $500,000 or leas than .05^. , , ., » 

1/ Public marketable Intereat-bearlng aeeurltlea Include all Intereat- 
bearing aeeurltles outstanding except (l) special Issues to OoT- 
errjrent e^ncles and trust funds, (2) adjusted aerrlce bonda. 
(3) depositary bonds, (U) United States savings bonds, ^5) *" 
series notes and (6) Commodity Credit Corporation demand obi iga- 
tlor.. Such obligations were held by Institutions "PO*-""*- " 
follows: (1) depoaltary bonda: commercial banka, ♦"« »^J1^"*' 
(2) United Statea aaTlnga bonds: commercial banks. »192 »11110". 
mutual saTli«s banks, »96 mllllona; Insurance companies, »122 mil- 
lions; all Institutions, $1*09 millions; (3) tax series notes: 
eommercial banka. $52 millions; mutual savings banks, $5 mllllona; 



iisLance Jmranlee, *33 millions; all l""*f ""•• J^,^ "t^' 

Hone- (1+) Commodity Credit Corporation demand obligations, 
holdings of these obligations are not reported. 

2/ Ixclndee Ixchange Stabilisation Fttnd. 

3/ Securities the income from which Is exempt from the normal 
rates and the surtax rates of the Federal Income tax. 

1*/ Securities the Income from which la exempt from the nor«*l 

-^ ratea of the Federal income tax. (In the ca« "' P^^'ti' 
tax-exempt Treasury bonds. Interest derlred from $5,000 or 
principal amount owned by any single holder is also exempt 
from the surtax rates of the Federal Income tax.; 

^ Ixcludes obligations sold directly to the Treasury. 



' v ^■^ 



PRICES AND YIELDS OF GOVERNMENT SECURITIES 
(Including securities issued by Federal agencies) 



-53- 



- V 



777 

••■"-:■ 



5^ 



Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 
United States Government and by Federal Agencies 
February 27, 1043 

Table I.- Securities Issued or Guaranteed by the United States Government 

PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES 



AaoTUt 
out- 

•tand- 
ln« 

(Mll- 

llODl) 



Dsteriptlon 



Price data 

(Price declnals are 

thlrty-aaconds ) 



Bid 



Ask 



Mean 



Chao^ 
In 

mean 

from 
Jan. 30, 

191*3 



Tleld data 1/ 



Tleld 

2/ 



Chaa^ 

In 

yield 

froB 

Jan. 30. 

191*3 



KatU' 
rlty 
yield 



rata 

of 

tsene 



Price ran£e 

since first traded 2/ 

(Price decimals are 

thirty- seco nds ) 



High 



Lov 



Price 



Date 



191*2-1*3 price range 2/ 

(Price decimals are 

thirty-seconds ) 



Elgh 



Price 



Date 



Low 



Frloa 



Bate 



Issued 'by U. S. OoTem>ant 



$1,115 
3.062 
l.OlU 
1,292 
2,098 

1.953 
510 

l,02l* 
1,501 

l,W*9 



2,118 
2,831 
2,716 



66 

635 
,606 

531 
503 

.261 



Treaspry bonds 
251 - 3/15/1*8-50 

1-3/H - 6/15/1*8 
2 - 6/15/1*9-51 

2 - 9/15/1*9-51 

2 - 12/15/1*9-51 



2 

2 

2-1/2 

2-1/1* 

2-1/2 

2-1/2 
2-1/2 
2-1/2 



- 3/15/50-52 

- 12/15/51-55 

- 3/15/52- 



6/15/52-55, , 
3/15/56-58!*/ 

6/15/62-675/ 
12/15/63-685/ 
9/15/67-725/ 



Treasury notes 



101.17 101.19 

100. lU 100.16 



3/1* D 
1-1/1* 
3/1* B 

1 A 



9/15/11 

3/15A5 

12/15/1*5 

3/15/1*6 



1-1/2 B - 12/15/1*6 



506 
609 

035 

800 

,211 



.65?r 
7/8 
7/8 
7/8 

7/8 



Certificates of 
Indebte dness 6/ 

■ 5/^3 

8/1/1*3 
11/1/1*3 

12/1/1*3 

2/1/U& 



- 

B - 

D - 

1 - 
A - 



100.21 
100.17 
100.15 

100. ll* 
100.10 
IOU.O2 
101.22 
103.21 

100.15 
100.11 
100.19 



100.00 

99-27 

100.11 

99.19 
99.23 

100.10 



100.23 
100.19 
100.17 

100.16 

100.12 

ioi*.oi* 

101.21* 
103.23 

100.17 
100.13 
100.21 



100.02 
99.29 

100.13 
99.21 
99.25 

100.11 



.1*3)1 
.6ijt 

.73^ 

.76)1 



• 38)1 
.5855 
.68^ 
.70)1 
.7351 



101.18 
100.15 
100.22 
100.18 
100. 16 

100.15 
100.11 
IOU.O3 
101.23 
103.22 

100.16 
100.12 
100.20 



100.01 

99.28 

100.12 

99.20 
99.21* 

100.10 



-.01* 
.00 
-.06 
-.06 
-.06 

-.05 
-.05 
+ .01 
-.01 
+ .01 

-.05 
-.05 

-.08 



-.01 
+.01 
.00 
+ .OI* 
+.03 
-.01 



(Quoted on ( yield basis) 



l*0?t 
6056 
.70jl 
.7251 
.71*56 



.0256 
+.0256 
+.O25S 

.00^ 
-.02?t 



1.68jt 

1.66 
1.88 
1.91 
1.92 

1.93 
1.96 
2.00 

2.05 

2.17 

2.1*7 
2.1*8 
2.1*7 



0/32 
1.06 

.89 

1.08 
1.1*2 



+ .03* 

.00 
+.03 
+.03 
+.03 

+.02 
+.02 
-.01 
+ .01 
-.01 

+.01 
+.01 
+.02 



-.27 
-.02 
-.01 
-.OU 
-.03 
+.01 



i.76?i| 

1.91 
1.93 
1.91* 

1.91* 

1-97 

2.08 
2.09 
2.21 

2.1*7 
2.1*8 
2. 1*7 



3/15/1*1 
12/1/1+2 
1/15/1*2 

5/15/1*2 

7/15/1*2 

10/19/1*2 

12/15/1*1 

3/31/1*1 

2/25/1*2 

6/2/1*1 

5/5/1*2 

12/1/1*2 
10/20/1*1 



3/15/1*1 
I/31AI 
9/25/1*2 
12/18/1*0 
11/1/1*1 

6/5/1*2 



9/21/1*2 
8/15/1*2 
11/2/1*2 
12/1/U2 
2/I/U3 



I0i*.05 

100.18 
101.11 
100.26 
100.21* 

100.22 
101.16 
106.16 
101.28 
105. 08 

100.23 
100.20 
103.15 



101. OU 
100.21 
lOO.ll* 
100.18 
100.18 
100.15 



8/2/1*1 

2/10/1*3 

14/15/1*2 

2/l*/l*3 

2/3/1*3 

2/3/1*3 

12/5/1*1 

8/2/1*1 

2/3/1*3 

11/5/1*1 

2/i»/i*3 
i/ii*/i*3 
11/5/1*1 



7/25/Ui 
9/10/1*1 
2/17/1*3 
9/9/1*1 
10/25/1*1 
5/29/1*2 



100.22 

100.01 

100.06 

100. oi* 

100.03 

100.01 
100.01 

101. oi* 
100.16 
101.30 

100.00 
100,01 
100.01 



2/25/1*1 

12/23/1*2 

8/5/1*2 

10/6/1*2 

8/5/1*2 

11/2/1*2 
12/5/1*2 
3/20/1*1 
2/18/1*2 
12/26/1*1 

8/17/1*2 

12/2l*/'*2 

1/2/1+2 



2/27/U3 
12/10/1*1 
10/30/1*2 

10/6/1+2 
02 12/29/1*2 

01 1/2/U3 



(Qaoted on a yield basis) 



•38^ 
.5l*f 
.66ii 
.70)1 
.7256 



2/11/1*3 
2/l*/l*3 

2/i*/i*3 

2/2l*/l*3 

2/i*/i*3 



.6i*5( 
.85)1 

.ski 
.865( 
.82)1 



10/15/1*2 

8/11/1*2 

10/29/1*2 

12/26/1*2 

1/25/1*3 



102.01 
100.18 
101.11 
100.26 
100.21* 

100.22 
100.28 
10l*.12 
101.28 
103.25 

100.23 
100.20 
101.15 



100. lU 
100.01 
100. ll* 
99.28 
100.00 

100.15 



3/23/1*2 
2/10/1*3 

U/15/U2 

2/l*/l*3 

2/3/1*3 
2/3/1*3 

1/28/1*2 

l»/6/i*2 
2/3/1*3 

2/13/1*3 

2/i*/i*3 

i/ii*/i*3 

U/6/1+2 



100.31 

100.01 

100.06 

100. oU 

100.03 

100.01 
100.01 
102.28 
100.16 
102.00 

100.00 
100.01 
100.01 



3/12/1+2 
3/1+/1+2 
2/17/1*3 
1/28/1+2 
1/28/1*2 
5/29/1+2 



100.01 

99-15 
100.00 

98.28 

99.02 

100.01 



5/1+/U2 

12/23/1*2 

8/5/1*2 

10/6/1+2 

8/5/1*2 

11/2/1*2 

12/5/1*2 
2/13/U2 
2/18/1*2 
2/17/1*2 

8/17/1*2 

12/2l*/l*8 

1/2/1+2 



2/27/1*3 
8/2i*/l*2 

10/30/1*2 
10/6/1+2 

12/29/1+2 
1/2/1*3 



(Quoted on a yield basis) 



.38)1 

.51*)^ 

.66;( 

.70)1 
.72)1 



2/11/1*3 
2/l*/l*3 

2/U/U3 

2/2l*/l*3 

2/i*/i*3 



6it)( 

.85)1 
.gU)( 

.86;( 

.82^ 



10/15/1*2 

8/11/U2 

10/29/1*2 

12/26/W2 

1/25/1*3 



Onaranteed by tJ. S. Oorernaent j/ 



$1+12 



32I+ 
571 



Commodity Credit Corp . 
1-1/8)13- 2/15/1+5 

Beeonetructlon Unanee 



Corporation 
l-l/8)tV- 7/15/1*3 
1 »- 1+/15/I*i+ 



100.03 



100.06 
100.06 



T" 



100.05 



100.08 
100.08 



100.01+ 



100.07 
100.07 



.00 



-.01 
+.01 



i.o6?t 



.00)1 



::S 



7/21 /Ui 



1*/17/1*1 
7/3/1*1 



101.00 



101.05 
100.26 



9/2/1+1 



9/10/1+1 

8/5/1+1 



99.25 



100.06 
99.25 



12/27/1*1 



12/27/1*1 
12/27/1*1 



100. ll* 



100.27 
100.15 



3/5/1*2 



1/28/1*2 
2/25/1+2 



99.26 



100.07 
99.30 



1/2/1+) 



2/27/1*3 
1/2/1*2 















PART B - TAXABLE TREASURY 


BILLS 










— 1 


Amount 
out- 
standing 
(Millions) 


Maturity 
date 


Issue 
date 


Dl scount 


Amount 
out- 
standing 
(Millions) 


Maturity 
date 


Isstie 
date 


Discount 


Bid 


Ask 


Mean 


Change in 

mean from 

Jan. 30, 191*3 


Bid 


Ask 


Mean 


Change In 

mean from 

Jan. 30. 191*3 


♦503 
505 
601 

601 
603 
600 


3/3/1*3 
3/10/1*3 
3/17/1*3 

3/2i*/i*3 

3/31/1*3 

i*/7/i*3 


I2/2/U2 

12/9/1*2 

I2/16/U2 

12/23/1*2 
12/30/U2 

1/6/1*3 


.375i 

.37 

.37 

• 37 
.37 
.37 


.25)1 

• 25 
.25 

.25 

.25 

.32 


.31 
• 31 

.31 
.31 
.31* 


-.03^ 

-.03 

-.03 

-.03 

-.03 

.00 


$602 
702 
702 

702 
708 
703 
701 


l*/ll*/l*3 
l*/2l/l*3 
l+/2g/l+3 

5/5/1*3 
5/12/1*3 
5/19/1*3 
5/26/1*3 


1/13/1*3 
1/20/1*3 

1/27/1*3 

2/3/1*3 
2/10/1+3 
2/17/1*3 

2/21+/1+3 


.37< 

•37 

.37 

.37 
.37 

• 375 

• 375 


.32* 

■32 

•32 

• 33 

■i 

•36 


.3i*)l 

.31* 

.31* 

.35 
.35 

.37 
■ 37 


.00 
-.02 














(Continued 


n following pi 


•«•) 













55 

Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the 

United States Government and by Federal Agencies 

February 27, 1043 - (Ck>ntinued) 



Table I.- Securities Issued or Guaranteed by the United States Government 

PART C - TAX-EXEMPT BONDS AND NOTES 



(Continued) 



iaouat 
out- 

■tanl- 
!»« 

(Mll- 

Uont) 



$ ^9* 
i.itoi 
1.519 
1.037 

1.21U 



1.036 

819 

799 
701 

1.223 

U51 

%1 
1,786 

1,186 

1,627 
755 

1,118 
725 

681 

2, 611 

982 

919 

iM5 



629 
279 
1«21 

Si 

283 
718 



Diserlptlea 



PrlM data 

(Prlo* daolaal* ara 

thirty-Moondi) 



lid 



Aik 



Chaae* 

In 
aaaa 
trtm 

Jan. 30, 
191*3 



Tlald data 1/ 



Tlald 

2/ 



Ohaagt 

In 
Tlald 

froB 

Jan. 30, 

1943 



Matu- 
rity 
Tlald 



Data 
of 



Prloa ranca 
■Inca f Irit tradad 2/ 
(Priea daelaali ara 
thlrty-taeonda ) 



m^ 



Prlea lata 



Lov 



Prloa Data 



1942-43 price raa«a 2/ 

(Prlca daeloalt ars 

thlrtT-iseondt) 



High 



Prlea Data 



Low 



Prlea Hat a 



Itiuad by 0. 8, OoTaramant 



Trearorr bond« 

3-3/8)1 - 6/15/U3-47 8/ 

3-1/4 - 10/15/43-45 

3-1/4 - U/15/44-46 

4 - 12/15/44-54 

2-3/4 - 9/15/45-^7 



2-1/2 
3-3/4 



12/15/45 
3/15/46-56 
6/15/46-48 
6/15/46-49 

10/15/47-52 



2 - 12/15/47 

2-3/4 - 3/15/48-51 

2-1/2 - 9/15/48 

2 - 12/15/48-50 

3-1/8 - 12/15/49-52 



2-1/2 
2-1/2 
2-3/4 

2-1/4 

2 

2-1/4 

2-7/8 

2-3/4 

2-3/4 

2-3/4 



- 12/15/49-53 

- 9/15/50-52 

- 6/15/51-54 

- 9/15/51-55 

- 12/15/51-53 

- 6/15/53-55 

- 6/15/54-56 

- 3/15/55-60 2/ 

- 9/15/56-59 2/ 

- 6/15/58-63 2/ 

- 12/15/60-65 2/ 



other bendg 10/ 
35t Conversion - 1/1/46 
3 Conrertlon - 1/1/47 
3 Panaoa Canal - 6/I/6I 

Treaenry note* 
l-l/85tA- 6/15/43 

1 c- 9/15/43 

1-1/8 B- 12/15/43 
1 B- 3/15/44 

3/4 A- 6/15/44 
1 0- 9/15/44 
3/4 A- 3/15/45 



100.27 
101.21 
102.27 
105.24 

104.21 

104.13 
108. 09 
106.13 
106.27 
113.24 

104.04 
107. 08 

106.17 
104.00 
110.14 

106.07 
106.17 

108.07 
110.06 
105.00 

103.14 
105.06 
109.15 
108.20 
108.21 
109.04 



106.20 
108.20 
128.16 



100.06 
100.10 
100.19 
100.20 
100.14 
100.29 



100.28 
101.22 
102.28 
105.26 
104.23 

104.15 
108.11 
106.15 
106.29 
113.26 113.25 



104.06 
107.10 
106.19 
104.02 
110.16 

106.09 
106.19 
108.09 
110.08 
105.02 

103.16 
IO5.O8 
109.17 
108.22 
108.23 
109.06 



107.04 
109.04 
130.00 



100.08 
100.12 
100.21 
100.22 
100.16 
100.31 



100.28 
101.22 
102.28 
105.25 
104.22 

104.14 
108.10 
106.14 
106.28 



100.18 100.20 



104.05 
107.09 
106.18 
104.01 
110.15 

106. 08 
106. 18 
108.08 
110.07 
105.01 

103.15 
105.07 
109.16 
108.21 
108.22 
109.05 



106.28 
108.28 
129.08 



100.07 
100.11 
100.20 
100.21 
100.15 
100.30 
100.19 



-.06 
-.06 
-.06 

-.04 
-.07 

-.07 



-.02 
+.01 

+.o4 
+.o4 

-.02 

+.08 
+.08 
+.08 
-.01 
+.02 

.00 

+.07 

+.o4 
+.05 

+ .02 
.00 



-.03 
-.03 
-.03 
-.02 
-.02 
.00 
-.02 



JL 



.3651 

•t 
.68 

.74 

.88 

.89 

.97 
1.01 
1.00 
1.18 

1.11 
1.25 
1.27 
1.28 
1.50 

1.53 
1.57 
1.68 

1.71 
1.63 

1.6^ 
1.74 
1.98 

2.02 
2.08 
2.13 



.56 

.66 

1.21 



.37 
.36 

• 33 

.37 
.39 

il 



-.12j< 
-.02 

.00 
-.05 

.00 

.00 
+.01 
+ .01 
-.01 

.00 

.00 

-.03 

-.04 

-.03 

-.01 

-.04 

::^ 

-.01 
-.02 

-.01 
-.02 
-.02 
-.01 
-.01 
.00 



+ .02 
-.02 
-.01 



+ .10 
+ .07 
+ .03 
+.02 
+ .03 
-.03 
+ .02 



2.585' 
2.29 

3.4o 
1.67 



2.98 

1.72 

1.96 

2.62 



1.77 

1.45 
1.95 

1.86 

1.75 
1.93 

2.07 

1.74 
1.69 

1.81 
2.20 
2.13 
2.22 
2.24 



6/15/27 
10/15/33 

4/16/34 
12/15/24 

9/16/35 

12/15/37 
3/15/26 
6/15/34 
6/15/31 

10/16/22 

12/15/38 

3/16/36 

3/15/38 

12/8/3; 

12/15/3I 

12/15/36 
9/15/38 
6/15/36 
9/15/31 

12/22/39 

10/7/40 

7/22/40 

3/15/35 
9/15/36 

6/15/38 
12/15/38 



1/1/16 
6/1/11 



6/15/38 
6/15/40 
12/15/38 
11/1/39 
6/15/39 

12/22/391 
3/15; 



111.14 
111.07 
111.26 
116.19 

110.12 

109.24 
116.14 

112.28 
113.19 
122.22 

107.20 
111.18 
111.01 
107.00 
115.04 

108.28 
108. 30 
110.26 
113.24 
107.01 

105.14 
107. 08 
112.16 
111.31 
112.04 
112.24 



ai5.oo 

129.08 



103.00 
102.15 
103.08 
102.15 
101.15 
102.16 

101.16 



6/5/39 

6/5/39 

6/7/39 

6/22/39 

12/l2/40 

12/l4/4o 
i2/l4/4o 
12/16/40 
l2/i4/4o 
12/14/40 

12/12/40 
12/12/40 
12/12/40 
12/12/40 
12/12/40 

12/10/40 
12/10/40 
11/12/41 
12/30/40 
11/22/41 

11/22/41 
11/12/41 

11/1/41 

10/29/41 

11/1/41 

11/1/41 



1935 
2/27/43 



4/3/40 
11/8/40 

4/2/40 
11/9/40 
9/27/41 
12/9/40 

8/6/41 



87.20 
97.29 
99.30 
94.06 
99.27 

101.31 
89.18 
97.28 

83.05 

98.18 

99.14 

99.10 

100.30 

101.10 

101.07 

96.19 
99.15 
98.16 

82.08 
101.08 

101.19 
102.02 
98.30 
98.10 
99.15 
99.14 



75.00 
75.00 



99.04 

100.11 

98.30 
100.13 

97.16 
100.10 

98.26 



1/11/32 

1/10/34 
9/17/34 

1/11/32 

9/17/35 

12/15/37 
1/12/32 
9/17/34 
1/11/32 

10/8/23 

9/25/39 
Vi/37 
4/2/38 

5/24A0 
12/15/34 

4/8/37 

9/25/39 

Vi/37 

5/24/40 

2/15/41 
7/24/40 
9/20/35 
yi/37 
9/25/39 
9/25/39 



1920} 

6/18/21 



9/6/39 
2/27/43 

9/6/39 
6/10/40 

9/6/, 
6/11/1 
6/10/4O 



104.01 
104.20 
105.20 
108.29 
106.13 

105.30 
110.16 
108.04 
108.17 
116.01 

105.01 
108. 06 
107.17 
105.01 
110.31 

106.25 
107.03 
109.00 
111.01 
105. 18 

104.04 
105.20 
110.19 
109.30 
110.05 
110.19 



108. 30 
110.14 
129.08 



101.13 
101.12 
101.23 
101.18 
100.31 
101.22 
101.00 



1/22/42 
1/22/42 
1/22/42 
1/14/42 

i/a/42 

3/25/42 
1/14/42 
1/28/42 
1/14A2 
1/5/42 

3/23/42 
3/23/42 
3/23/42 
3/24/42 
3/24/42 

3/24/42 
6/15/42 
5/25/42 
5/25/42 
5/25/42 

5/29/42 
6/17/42 
6/17/42 
6/9/42 
6/3/42 
6/17/42 



2/11/42 
2/11/42 
2/27/43 



1/28/42 
1/28/42 
1/28/42 
1/28/42 
1/28/42 
1/28/42 
3/27/42 



100.28 
101.22 
102.28 
105.25 
104.22 

104.14 
108.10 
106. 14 
106.28 
113.25 

103.27 

io6.i6 

105-31 

103. 18 

109.06 

104.28 
105.02 
106.28 
108.28 
103.10 

102.00 
103.10 
108.00 
107.12 
107.15 
108. o4 



106.28 
108.28 
124.08 



100. 
100. 
100. 
100. 
100, 
100. 
100. 



2/27/43 
2/27/43 
2/27/43 
2/27/43 
2/27/43 

2/27/43 
2/27/43 
2/27/43 
2/27/43 
2/27A3 

12/19/42 
2/13A2 
2/13/42 
2/18/42 
2/18/42 

2/18/42 
2/18/42 
2/18/42 
2/18/42 
2/18/42 

2/18/42 
2/18/42 
2/18/42 
2/18/42 
2/18/42 
2/18/42 



2/27/43 
2/27/43 
1/15/42 



2/27/43 
2/27/43 
2/27/43 
2/27/43 
12/29/42 

1/2/43 
11/18/42 



$289 



95 
835 



779 
755 



114 



Oriaranteed by U. S. GoTemaent jj 



Commodity Credit Co ra. 

i/H P- 5/i/'*3 

Padaral Para HIO. Corp. 
3-l/45t - 3/15/44-64 
3 - 5/15/44-49 

Home Ownari' Lean Com. 



1-1/2 



A- 
M- 



5/1/44-52 
6/1/45-47 



Pederal Pabllc Honglng 

Authority 
l-3/85t B- 2/1/44 



100.01 



102.18 
102.22 



102.19 
101.09 



100.22 



100.03 



102.20 
102.23 



102.20 
101.11 



100.24 



100.02 



102.19 
102.22 



102.20 
101.10 



100.23 



-.01 



.38it 



•59 



+ .0156 



-.03 
+.01 



-.04 
+ .02 



-.03 



3. 0856 
2.53 



2.68 

1.18 



1/ When the price of a eecurlty Is such as to reB\ilt In a negatire yield, 
the excess of price orer sero yield is given in the yield eolumis in 
thirty-seconds . 

2/ Prices represent the mean of closing bid and ask ([aotations In the 
over-the-counter market except that prices of Treasury, Pederal Parm 
Mortgage Corporation, and Home Owners' Loan Corporation bonds for the 
period prior to October 1, I939 represent closing prices on the Hew York 
Stock Exchange. "When issued" prices are included beginning October 1, 
1939- Dates of highs and lows, in case of recurrence, are the latest dates 

2/ Computed on mean price to call date when mean price is above par and to 
maturity date when mean price is below par. 



8/1/40 



3/15/34 
5/15/34 



5/1/34 
6/1/39 



101.02 



110.07 
109.22 



109. 18 
103.26 



12/14/40 



6/8/39 
6/5/39 



12/13/40 



100.00 



98.02 

95.03 



:ll 



12/10/41 



9/I8/34 
9/12/34 



9/12/34 
9/25/39 



2/1/39 103.02 12/14/40 99.07 9/25/39 101.11 2/ 7/42 100.22 



100.18 



104.30 

104.28 



104.26 
102.01 



1/28/42 



1/28/42 
1/28/42 



1/28/42 
1/28/42 



100.02 



102.19 
102.22 



102.20 
101.06 



2/27/43 



2/27/43 
2/27/43 



2/27/43 
12/14/42 



1/5/43 



4/ Included In average of long-term taxable Treasury bonds shown later 
in this chapter. 

5/ Security is not transferable to commercial banks before designated 
date In I952. 

6/ Quioted on yield basis since Hoveober 12, 1942; prior price quota- 
tions have been converted to yields for back figures. 

2/ Ixcludes Pederal Bousing Administration debentures. 

8/ Called on Pebruary l4, I943 for redemption on June I5, 1943 . 

2/ Included In average of long-term partially tax-exempt Treasrary 
bonds shown later in this chapter. 
10/ Excludes postal savings bonds. 



56 

Over-the-counter Closing Quotations on Public Marketable Securities Issued by the 

United States Government and by Federal Agencies 

February 27, 1043 - (Continued) 



Table II..- Securities Issued by Federal Agencies but not Guaranteed by the United States 

PART A - ISSUES QUOTED ON A PRICE BASIS 



Amount 
out- 
atsnd- 
ln« 
(Mil- 
lions) 



$ 2k 



125 

71 
157 

230 

171 
170 



Seacrlptton 



?ade ral Home Loan Banfcg 
2? "^ 



"571753" 



r«deral. Land Banki U/ 

5? - 7/l/Ult-56 

1* - 7/15/5U-61* 

3-1/5 - 5/1/5^55 

3 - 7/1/55-55 

3 - 1/1/46-56 

3 - 5/1/56-56 

Federal National MTO. 

Asaociatlon 
25t A - 5/16/39-53 , 
1-5/g B - 1/3/40-UU5/ 



Prle* data 

(Price deelnal* are 

thlrty-eeeondi) 



100.05 



lOU.lO 
lO't.l'* 
105.12 
105. 08 
106.16 
107.08 



100.10 
100.20 



Aik 



104.20 
104.22 
105.20 
105.14 
106.24 
107.16 



100.13 
100.23 



100.05 



104.15 
104.18 
105.16 
105.11 
106.20 
107.12 



100.12 
100.22 



Chang* 

In 

mean 

from 

Jan. 30, 
1943 



.02 



-.08 
-.05 
.00 
-.01 
+.03 
+.01 



-.04 
-.01 



Tleld data 1/ 



Yield 
1/ 



Change 

in 

Tleld 

from 

Jan. 30, 

1943 



.06^ 



-.62Sl 



-.02 
-.08 
-.10 
-.07 
-.10 
-.07 



-.10 

-.04 



Matu- 
rity 
yield 



2.59f 

2.72 
2.49 
2.40 

2.35 



.17 

.80 



Bate 

of 

leeae 



4/1/38 



7/1/35 
7/15/35 
5/1/35 
7/1/35 
1/1/36 
5/1/36 



5/16/38 
1/3/39 



Price ran^ 

since first traded 2/ 

(Price decimals are 

thirty-seconds) 



Hl^ 



Price Bate 



103.10 

114.04 
112.02 
111.12 
110.12 
111.12 
111.22 



102.04 
102.04 



Low 



12/31/40 



12/10/40 
12/10/40 
12/10/40 
12/10/40 
12/10/40 



6/7/39 
1/4/41 



Price Bate 



100.04 



94.12 
104.18 
99.28 
97.24 
98.08 
98.30 



99.16 
97.28 



9/27/39 



9/18/34 
2/27/43 
10/2/35 
10/2/35 



9/23/39 
9/26/39 



1942-43 price range 2/ 

(Price decimals are 

thirty-seconds) 



Hi^ 



Price Bate 



101.14 



108.04 
108.02 
108.02 
107.14 
108.14 
109.02 



101.04 
101.06 



3/24/42 



3/9/42 
1/26/42 
1/10/42 
1/24/42 
1/22/42 
1/10/42 



4/27/42 
3/26/42 



Low 



Price 



100.05 



104, 
104, 
105, 
105. 
106 
107 



100.12 
100.19 



Bate 



2/27/43 



2/27/43 
2/27/43 
2/27/43 
12/19/42 
12/5/42 
12/5/42 



2/27/43 
12/8/42 



PART B - ISSUES QUOTED ON A YIELD BASIS 



Amount 
outstanding 
(Millions) 



$22 



16 
15 
3 
20 
U 

16 
IB 
20 
24 
23 

21 
20 
31 
30 
27 



Bascriptlon 



Federal Home Loan Banks 6/ 
3/4> L - 3/1/43 

federal Intermediate Credit Banks 6/ 



Tfoff 

3/5 

1/2 

.85 

.70 

i% 

.85 

.70 
.90 

.70 

.85 

.80 
.80 
.85 



37i75r 
3/1/53 

- 3/1/53 

- 5/1/43 

- 5/1/43 

- 5/1/53 

- ?^'^^5 

- 6/1/43 

- 6/1/43 

- 7/1/53 

- 7/1/53 

- 8/2/43 

- 9/1/53 

- 10/1/43 

- 11/1/43 



Bate 

of 

issue 



9/1/52 



3/2/52 
8/1/42 

12/1/42 
6/1/42 

11/2/42 

7/1/42 
10/1/42 

8/1/42 
12/1/42 

9/1/52 

12/30/42 

U/2/42 

12/1/42 

1/2/43 

2/1/43 



' When the price of a security is such as to result in a negatire yield, 
the excess of price oyer lero yield is glren in the yield columns la 
thirty-seconds . 
2/ Prices represent the mean of closing bid and ask quotations in the 
oTsr-the-c- -inter market. "»hen Issued" prices are included begluniBg 
HoTember 1, 194l. Bates of highs and lows, in case of recurrence , 
are the latest dates. 



Tield 



Bid 



1/ 

.90* 
.50 
.50 
.55 

• 55 

.60 
.60 
.65 
.65 
.70 

.70 
.70 
.75 

.80 
.80 



Ask 



Mean 



.5051 
•50 

• 50 
.55 
•55 

.60 
.60 
.65 
•65 

• 70 

• 70 

• 70 

• 75 
.80 
.80 



Change in mean 

from 

January 30, 1943 



.15% 

•15 

.15 

.15 

.15 

.15 
.15 
.10 
.10 

.05 

.05 
.10 
.10 

.05 



Computed on mean price to call date when mean price is aboTs par and 

to maturity date when mean price is below par. 

Izoludes issues completely hold by Farm Credit Administration agencies. 

Callable on 30 days' notice at 100-1/2 on July 3. 1953. "Yield" is 

computed to maturity or call, depending on which date glTes the lower 

yield. 

Taxable Issuee. 

Sot quoted. 



57 



YIELDS OF TREASURY SECURITIES FEB. 27, 1943 

Based on Mean of Closini^ Bid and Asked Quotations 



RCE 
.60 


194 

WT ~ 


2 


44 




46 




4fl 




■50 




'52 




'54 




'56 




'58 




%0 




•62 




64 




'66 




'68 




•70 




■72 






















































PE 


.40 








Ta ' ■ ' 


xac 


le 


SSU 


es 


























▲ 




i 






..^ 












?0 












































■ 






















.00 






















V- 






"^ 




































80 
















r^ 


!^ 














































.60 














/ 
^ 


















































40 










— y 


/ 




























































— > 


/ 






















































?n 


Available to all investors: 
>^ Fixed maturity issues 

(except notes at o discount) 

* Notes at a discount 

• Callable issues 

Available to investors except 
commercial banks: 
-*■ Callable bonds 




00 






i 


/ 


* 










































BO 






/. 


- 


■ 














































4 


I 








































r 






60 














40 




t 




























































?n 

































































































































20 


1 1 1 
_ Wholly Tax- 


1 f --1 -1- 1 \ — ^ — \ — 1 — 1 — ^ — ^ — ^ — ^ — 

Exempt Notes and Partially Tax-Exempt Bonds. 








r~ 




















00 






























ft. ^.» 


•^ 


— 




























ao 
























^^ 




-^ 


-^ 


































60 




















^ 


^ 


• 


• 






































40 
















,^ 


X' 














































20 












-^ 


A 


r 






























Availaoie to an investors: 
X Notes 

9Col/abl» bonds 
O Fixed maturity bonds 


















^ 


/I 








































00 














80 








/' 


w 






















































60 






•/ 


























































♦O 




/ 




K 


, 






















































20 - 




*x 




























































■ 
















' 


















































942 




'44 




46 




•48 




'50 




'52 




•54 




•56 




•58 




'60 




62 




64 




'66 




'66 




1 
•70 




'72 



PERCENT 
2.60 
2.40 
2.20 
2.00 

1.80 
1.60 
1.40 
1.20 
1.00 

.80 

.60 

.40 

.20 



2.20 

2.00 

.80 

.60 

.40 

.20 
1.00 

.80 

60 

40 

20 




« • vw vu /V tC 



58 



Average Yields of Long-Term Treasury and Corporate Bonds 



Hate 



19U2-Sapt. 



Oct. 



5- 
12. 

26. 

3- 

10. 

17. 
2U. 
31- 



(Percent) 



i9U3-»»b. 



Partially 
tax- 
exempt 
Treaeury 
bonde 1/ 



Taxa'ble 
Treasury 
bonds 2/ 



Hl^- 

grade 

corporate 

bonds 2/ 



Date 



Partially 
tax- 
exempt 
Treasury 
bonds 1/ 



Taxable 
Treasury 
bonds 2/ 



H101- 

grade 

corporate 

bonds ij 



Sate 




2.02 
2.02 
2.0U 
S.OU 

2.05 
2.05 
2.05 
2.05 
2.05 



Monthly Series U/ 



3.60 
3'^ 
3.U« 

3-35 

3.1A 
3. 1*7 
3.1+6 
3.U1 
3-39 

3.3| 
3.26 
3.2I+ 
3.2H 
3.22 
3-19 
3.18 
3. 18 
3-15 
3.1U 
3.11 
3.07 

3-09 

3.24 

3-36 
^M 
3-36 
3-31 

3-27 
3-25 
3.26 
3.26 

3.22 
3.17 



1938- Jan 

Feb 

Mar 

Apr . . . . 

May 

June. . . 

July... 
Aug. . . 
Sept . . 
Oct . . . 
Not . . . 
Dec. . . 
1939- Jan... 
Feb... 
Mar... 
Apr . . . 
May.. . 
June. . 

July. . 
Aug. . . 
Sept . . 
Oct . . . 
Nov . . 
Dec. . 
iglW-Jan.. 
Feb.. 
Mar.. 
Apr. . 
May.. 
June . 

July. 
Aug. . 
Sept. 
Oct.. 
Nov. . 
.Dec. . 



2.65 
2.61* 
2.611 
2.62 
2.51 
2.52 

2.52 
2.51 
2.58 

2.1*8 

2.50 

2.U9 

2.1*7 

2.U1* 

2.3I* 

2.30 

2.17 

2.13 

2.16 

2.21 

2.65 

2. 60 

2.1*6 

2.35 

2.30 

2.32 

2.25 

2.25 

2.38 

2.39 

2.28 

2.25 

2.18 

2.10 
1.97 
1.89 



3-17 
3.15 
3.16 

3-25 

3.1'* 
3.15 
3.12 
3.10 
3.12 
3.06 
3.01+ 
3.02 
2.96 
2.90 

2.87 
2.92 
2.86 
2.78 
2.76 
2.79 

3-29 
3.1U 
2.93 

2.86 
2.81 
2.79 
2.77 
2.7** 
2.87 
2.93 
2.85 
2.80 
2.71 
2.70 
2.65 
2.59 



191*1- Jan. .. 

Feb . . . 

Mar.. . 

Apr . . . 

May... 

June. . 

July. . 

Aug. . 

Sept . 

Oct.. 

Nov.. 

Dec 

19 1*2- Jan. . 

Feb.. 

Mar.. 

Apr. . 

May.. 

June. 

July. 

Aug.. 

Sept. 

Oct.. 
Nov.. 
Dec. 
191*3- Jan.. 
Feb. 



Partially 

tax- 

exenpt 

Treasury 

bonds 1/ 



Taxable 
Treasury 
bonds 2/ 



High- 
grade 
corporate 
bonds 2/ 



1.99 
2.10 
2.01 

1.96 
1.92 
1.91 
1.90 

i.g** 
1.9^+ 
1.88 
1.85 
1.96 

2.01 
2.09 
2.00 
1.98 

1-97 
1.97 

2.00 
2.02 
2.03 

2.05 
2.06 
2.09 
2. 06 
2.06 



2.23 
2.22 
2.37 
2.37 
2.39 
2.35 
2.3I* 
2.35 
2.33 
2.3'+ 
2.3I* 
2.31+ 

2.33 

2. -31* 
2.36 
2.32 
2.32 



2.57 
2.71 

2.73 
2.76 
2.75 
2.70 
2.66 
2.65 

2.61* 

2.61 
2.57 

2.68 

2.76 
2.80 
2.80 

2.77 
2.76 
2.75 

2.73 

2.73 
2.72 
2.71 
2.72 
2.70 

2.68 



Weekly Series - Saturday Flgnres ^ 



2.06 


2.32 


2.06 


2.32 


2.06 


2.31 


2.06 


2.31 


2.06 


2.31 


2.06 


2.31 


2.06 


2.32 


2.06 


2.32 




2.32 


2.68 


2.32 


2.68 


6/ 

2.32 


J 


2.32 


2.68 


2.32 


2.68 


2.32 


2.69 


2.32 


2.69 






»..»-. <^\ Traanrv bond yields are conputed on the basis 
Basis of =X^--„/i ,''^:':S ^u^tatlons In the OT.r-the-co^.r 

»rk.t.^nnlng September 2. ^<)^U previously, closing prlc.. 
the Hew Tort Stock Iiohang 
use on the Ixchaage In a pa 
>siBjE bid and ask qnotatlon 

L^ when no sale, took place. KZ) Corporate o'" ^-"v' 

computed on the basis of closing price, on the "•• J»'^"°°^ 

IxchLge and the lew Tork Curb Ixchange; on day. !*•» " ^"^ 

V^mTZt .ell the price of the la.t preceding eal* 1. used. 

Back Figures: S^e -^;a.ury'Ball.tin- for July 19^1. p.*" 21-26. »* 

1/ Iv'rtTof UJuIily tax-exempt Tr.aeury bond, neither due nor 
^ tltltfle foHwelveVear.. Partially tax-ex-pt bond, are tho.e 
^ int.re.t on which i. exempt from the normal rate, of the 
i ! i!l 1^0.^ t« (In addition, intere.t derived from »5.000 
l;^:^ti p^r«ct^ .io:ntTf parUally tax-.x«pt treasury bonds 



and United States saving, bonds is.ued before March 1, \3'n 1. 



2/ Iverig. of taxable Treaenry bond, neither du. nor o^l*^^* "% 
^ twelvTveare. The 2-1/2 percent bond, of 1962-67 and the 2-1/2 
«rc«t'b"J. of 1963-68.^. excluded bec«i.. of ro.trlction. 
Tt^lr p^.. ind negotiability. Taxable bond, are t^" 
the intere.t on which 1. mxbject to both t''»»""\*°*4*°'*" 
rate, of the Federal Income tax. Thi. average commenced 

Ae,:^:: ^-g W.. January 6. 1933 through December 6.^1935! 



ll 

5/ 
6/ 



average of 15 bond.. December 7. 1935 thr^ ''f ^ 'i'lTOMs 
BTei-afiK w^ J . ^ ^ ^^^- ^^j^jj September 13 , 19Jo! 



average of 20 bond.. Aognst 1 

'vertie of 5 ^^*. September H*. 1938 to date 

Monthly averages of daily figures. Prior to April 1 



1938. 



corporate bonds are averages of f»»^*^ '^••- . ^i^e. of 

the previous day are used. 
HolldJiy. 



^•^ 



59 



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c 



GOVERNMENT CORPORATIONS AND CREDIT 
AGENCIES OF THE UNITED STATES 



-60- 



61 



Assets and Liabilities of Governinent Ck)rporatlons and Credl 

January 31, 1943 

(In ■llllona of dollars) 



t Agencies 



Corporation or aganef 



Asset* 



Total 



Banks for eooporatlTes 272.6 

Oonaiodlty Credit Corporation 1,890.6 

Slssstsr Loan Corporation 21.2 



Ixport-lBport Bank of Washington. 

Tare Credit Administration 

Ikra Securltj Adalnlstratlon 



198.1 
250.6 

fedsral Crop Insoranee Corporation 35-3 

Tsderal Deposit Insurance Corporation k/ . &i8.f 
Tedoral la™ Mortgage Corporation 1,137.1 



Loans 



federal hone loan banks 

federal Honslng Adalnlstration 

federal Intermediate credit banks. 



federal land banks 5/ 

federal Satlonal Mortgage Association... 
federal Prison Indaetrles, Incorporated. 

federal Public Housing Authority , 

federal Sarlags and Loan Insursiaee 

Corporation 

federal Security Agency - stodent war 

loans y 



Hone Owners' Loan Corporation 

Inland Waterways Corporation k/.... 
Interior Department (Indian loans). 



Psnama Ballroad Conpany k/ 

Prodoctlon credit corporations. 
Public Works 6/ 



Puerto Elco Eaconstructlon Administration 

Eeconstruction finance Corporation 

Eeglonal agrlctatural credit corporations 

BfC Mortgage Company 

Hural llectriflcatlon Adai nl strati on. . 
lensesses Valley Authority 



Tennessee Valley Associated 

Cooperatires, Ino 

Dnited States Maritime Comlsslon"! !!! 
War corporations and actlwltles (World 

»« I) 2/ 



"ar corporations (World War II) 10/ 

l»ar Shipping Administration 



Other QoTemaent agencies 11/ . 



Jross total 

Idjustment to eliminate Interagney 
Interests 



>et total. 



281*. 7 
117.5 
387.1 

2,10»».0 

215.9 

15-9 

5^5.9 

138 .!> 

k.l 

2,088.7 

2U.2 

2.6 

63.1 

127.6 

89.2 

22.3 

6.320.7 2/ 

23.1* 

108.8 
355.9 
631.1 



3.963.'i 

5.5 

'»,694.o 
299.1 

5.661.2 



33.237.'> 



-10,038.1 



25.199.3 



Jl 



132.0 
121.7 



39.9 
'*96.3 

113 .U 

236.7 

1.579.3 
210.2 

379.2 



1,51*8.0 
.1* 

2.6 



89.2 

6.1 

.55^-3 

2.9 

95.8 
3^5.3 



.3 
20.5 



136.8 
26.3 



8,085.6 



8.085.6 



Pre- 
ferred 
capital 
stodc, 

etc. 



Cash 
1/ 



1UO.3 



1.2 
361*. 2 



1.1 
17.1* 



52^.3 



20.3 

1.5 



• 5 
9.7 



5.2 

19.0 
19.0 

50.8 

18.2 
36.3 

I4O.9 

3.7 

25.9 

.8 



69.1 
1.3 

8.6 



2.1 
1*2.7 8/ 
20.2 



19.3 

* 
* 

.6 

188.1 



604.7 



52»».3 604.7 1,098.9 



InrestmsDts 



D. S. 
Oorem- 

ment 
securl- 

tlas 



33.9 



53l».9 



117.0 
51.6 
44.0 

178.4 



7.2 
31.2 

3.8 



6.4 
30.6 



59.8 



1,098.9 



Secnrl' 
ties 

gtiai«a' 
teed by 
Ihlted 
States 



Other 



2.5 



81. 5 
.7 



99.6 



184.8 



184.8 



84.4 



Accounts 

and other 

recelTablei 



2/ 



556.5 



8.6 



95.7 



8.3 



1.6 

128.9 
14.5 

''i 

25.1 

9.2 

29.8 
49.9 

U1.1 

2.0 

3.2 

6.1 

6.8 

3.2 

5.5 
1.3 



.7 
•3 



Beal es- 
tate and 

other 
business 
property 



5^.6 



809.2 



8O9.2 



.3 

33.71/8/ 

.2 

2.1 
9.0 
7.2 



85.9 

'*.3 

484.9 
12.8 



1,204.8 



1,204.8 



.1 
7.4 



Interagency assets 



I>ie from 
OoTem- 
ment 
corpora- 
tions and 
agencies 



1.3 

» 

6.9 
127.6 



2.6 

17.3 

41.7 



1.0 

6.7 

602.4 

28.4 



3.1 
188. 7 



16.1 



.:? 



^ -5 
67.9 

11.4 



i,o4i.5 



i,04i.5 



4.8 



3.840.6 



1.7 
2.0 



5.2 



.2 
32.0 

5.589.9 



9.577.3 
-9.577.3 



(Contlausd on following page) 



Capital 
stock and 

paid-in 
surplus of 
GoTemment 

corpora' 
tions 



Other 
asaets 



100.0 



.1 
1.494.8^ 
.1 

.1 

3.8 

.6 

21.0 
24.7 
10.7 

.1 

4.4 

.2 

'*5.3 

.4 

2.1 



360.7 



460.7 
-460.7 



223.1 



12.^ 
55.4 

• 

3.8 
.2 

3.768.5 

.4 

3.878.9 
65.6 

27.6 



9.645.7 



9.645.7 



62 



Assets and Liabilities of Government Corporations and Credit Agencies 
January 31, 1943 - (Continued) 



(In millions of dollar*) 



Corporation or a«*ne7 




Baskt for cooper»tlT«8 

Commodity Cr«dlt Corporation 
Dl master Loan Corporation 

Ixport-Iaport Bank of Wa»hln«ton 
Jam Cr«dlt ididnlttratlon. . 
larm Security l.d«lnl«tratlon 

Tedaral Crop Inam'anca Corporation 
federal Depoelt Ineurance Corporation 5/. 
rederal larm Mortgage Corporation 

Tederal hone loan bank* 

Tederal Honalng M»lnlitratlon. . . 
Tederal Intermediate credit banke 

Tederal land banke 5/ 

Tederal Batlonal Mort«B«e ieeoelatlon. . 

Tederal Prleon Indnetrlee, Incorporated 

Tederal Public Houein* Aathorlty 
Tederal SaTla«o and Loan Ineopanoe 

Corporation 

Tederal Security Agency - ttudent war 

loane Jl/ 

Hone Owneri" Loan Corperatlon. . 
Inland Watorwaye Corporation i/ 
Interior Departnent (Indian loane) 

Panaaa Ballroad Company U/ 
Production credit eorperatione 
Public Work* 5/ 

Puerto Hico aeconetmctlon Adnlnl itration 

Heconetruotlon finance Coiporatlon 

Beglonal a«rlonltural credit corporatlone 

HTC Mortgage Company 

Eural Ilectrlfleatlon Adnlnietratlon 

lenneiioe Valley Authority 

Tenneeeee Valley Aoeodated 

CooporatlTee, Inc 

United Statei Marltiae ComBleelon 

War corporatlone and actlrltlee (World 

War I) 2/ 



6/ 



Dally Treaeury Statement 0. 

Leei than $50,000. , ^ ^ j 

Ixolude. unexpended balancoo of appropriated funde_ 

Incite, depoilt. with the Beconetruction Tin«u:o Corporation and 

^^'enlt'e^chtrfly commodity loan, and underlying "^i*'*-;- „ 
o^w from l«.dln« agenclee pur.uant to guaranty puroha.e MTOO-nte. 
ZVo irolude. c^oSltle. acquired through direct P-'^f ""/^«^^. 
troducer. and other., a. well a. Interagency tran.action. of lend 
1«.^ f^d. .hich figure, are not available, and which would other- 
it" be^Sotn under "!u. from Government corporation. a^»f »='" • 
Tl^e. .hown are a. of December 31. 19'*2. *^ ^'t'** •'^^^t % 
Figure. "»•»"" iinbilitlo. of the Tederal Land Bank, of 

w::^iiranr":i:t" wiifh'Le retire* .tock «>d paid-in .urplu. 
oreTlouely held by the Tederal OoTernment. 
Snliet. of loan, made by Public Work. Idminl.tration for 
$88,768.71*7 and by War Public Work, for $"*5U,700. ^ 



2/ 
10/ 



11/ 

12/ 



include, the Electric He and Far. Authority. Inc. -hich wa. 
tr^fferred for purpo.e. of liquidation to ^« ^-^^^^J^^^i'^g^^. 
Tlnance Corporation by ExecutlTe order effectlTO October 31. ly 
Mju.ted for interagency Item, and item, in t^an.lt. 
Oo^ri... Bavy Department (.ale of -irplu. nipp"") • ^^^ ^^»^ 
U. S. Ballroad Adminl.tration and U. S. Spruce rrgaus. 



Corporation, 

^:^Jrerc^^e., mc. D,fen.e Home. Corporation, Defen.e Pl~.t 
Ka orSf';.. Su^plle. Corporation, !-"*-»• f^ ^JJ *-. 
toe^can Affaire, Inter-American HaTigatlon °°'T=oration Metal, 
i^terve Company. Bubber He.erye Company. Smaller ««^"*» ^^Jt., 
United State. Commercial Company and War Damage C»^P^»"° 



'c::;ri;er;;::.:^*"^p::^^e;r:;d-;;h;7oovemment agencle. not 

^al'the^'inUr'etnf -the United State, repre.ented by oblige- 
tlone held by the Trea.ury. 



63 






Sources of Funds of Certain Government Corporations and Credit Agencies 
for the First Seven Months, Fiscal Year 1043 



Corporation or ageno7 



Control Bank for CeoparatlTot , 

Co^odltj Crodlt Corporation , 

Dltaitor Loan Corporation , 

>:9ort-lBport Bank of Vashinctoa 

Kidaral Dopoalt Inrarasoa Corporation '^J 

fodaral Vara Mortga^ Corporation 

Toderal hoaa loan banka 

Tadaral latleaal Mortgac* Aasoelatlon 

hdaral Pablle Housing lathorltj 

fsdaral Sarln^s and Lean Inauranea Corporation. 

Hoaa Oman ' Loan Corporation 

Baoonatmstlon Knanea Corporation H/ 

BK Hortga^a Coapaay 

Baral Uaotrlfloatlon IdBlnlatratlan 

•ar oorporatlon* 5/ 

total 



Appropriations 
froB Oonaral 
fund of tha 
Traamuy 1/ 



$ 22,000,000 
-9.815.51'^ 2/ 



7,'t30,oit9 



2,052,768 
150,000,000 



$171,667,303 



Alloeatlona, radlt- 
eotmti, and loans fron 
other government cor- 
poration* and credit 
agencies (net) 



* 2U, 099, 362 



198.660 



-7.356,841» 



8,151,000 

i"*. 959. 665 

593,806 

i.'»39.>*75,593 

$1,1*80. 121, 2lt2 



Sals of 

obligations 

to Treasiu7 

(net) 



$ 250,000,000 
-263,000,000 

6,000,000 

-180,000,000 

1.691.733.000 



$i,5ou,733,ooo 



Sale of obli- 
gations In 
the Barket 
(net) 



* 58.565.000 



-22,000.000 



-323.'»95.000 



$-286,930,000 



Sale of stock 
to other 
agencies 



$ -339.000 



1,500,000 



$1,161,000 



Corporation or aganogr 



Central Bank for CooparatlTes 

CoBBOdlty Credit Corporation 

Dlsastar Loan Corporation 

Izport-Iaport Bank of Washington 

federal Deposit Insurance Corporation 2/ 

federal fam Mortgage Corporation 

federal hoaa loan banks 

fsderal htlonal Mortgag* Association 

federal Pobllo Honsing Aathority 

fsdaral Barings and Loan Insoranos Corporation... 

Hobs Owners' Loan Corporation 

Beeenstraotion f Inanoa Corporation J*/ 

SfO Mortgage Coapaor 

Baral Heotrif loation Adnlnlstratloa 

War eorporations 5/ 



Total. 



Sale of other 
property 
aeqnlrad 



955.107.058 
20.33»* 



5.i«s6,8i»8 
660, 398 



33.7'v7.8i«) 

»^.559.587 

196.7** 

399.676,091 



»i.399.'»5'*.9'»o 



Sonrce: Beports reoalTsd froa the eorporations and agencies. 

1/ Iteas la this coloan are tha only ones in this stataaent 

«*loh constitute a charge against the federal Bodget. 

They represent anounts of funds drairn against aTallabla 

appropriation*. 
2/ fiepresents balance of repayment of aaounts paid to the 

OoBBodity Credit Corporation for osfiltal iapalraent 

on basis of appraisal of tha corporation as of Maroh 31, 

19'*2. pursuant to Public Ho. 1*42 - 75th Congress, approTed 

March 8, I938. 
ll figures are a* of Dtoenber 31, 191*2, the lateat arailable. 



Bepayaent 
of loan* 6/ 



$ 7i.56l.8i9 

62,09l*,2l*« 

5.193.678 

7.36l.2>»0 
i3.'*'*9.oi*2 

79.709.290 
135.316.992 

11.1*60,368 
105,1*91*, 332 

128,32l*.622 

187.637.727 

13,061*,822 

7.057.956 

98,221,635 



Intereat , divi- 
dend*, aasess- 

Bents, and 
property inooaa 



»925.9't7.371 



$ 677.196 

5.507.532 

-975.129 

3.078.579 

35.'t83.oiO 

38,815,951* 

3.01*1,323 

5,796,1*60 

7.836,779 

'♦.133.853 

63,68i*,ooi* 

59.088,260 

2,158,61*9 

i*. 1*91. 715 

5.230.259 



Other receipts 



24,037 

23.957.658 

73.063 

128.622 

8,190,215 

-3, 1*94, 800 

-236,526 

238,997 
12,512 

52.1*93,820 

3.077.766 

75'*.'*52 

28 

952.180,16a 



$238,048,1*1*1* $1,037,400,012 



Total, aonrce* 
of fond* 



$ 118,023,415 

1.3'*5.'*15.982 

4,311,945 

10,439,819 

•^.259.33'* 

-130.797.693 

112,863,115 

10.323.856 

127,000,156 

4,146,364 
98,250,287 

1.630. 752. 3^0 
31.13H.373 
14,196,274 

3,046,283,746 



$6,471,603,313 



4/ Include* the Bleotrlo Eoae and farm Authority, Inc. yhich was 
traneferred for porpoee* of llijuidatlon to the Beconetructlon 
finance Oorporatlon by Ixecutire order effective October 3I, 1942 

5/ Comprises Cargoes, Incorporated, Defense Homes Corporation, 
Defense Want Corporation, Defense Supplies Corporation, 
Institute of Inter-Aaerlcan Affairs, Intar-ABerlcan Bavlga- 
tlOB Corporation, Metals Besarve Company, Eubbar Eeserve 
Compoay. Smaller War Plants Oorporatlon, United States Commer- 
cial Company and War Damage Corporation. 

6/ Receipts from the sale of property acquired in liquidation of 
loans are shown as "Bale of other property BC(iulred". 



6>^ 



Uses of Funds of Certain Government Corporations and Credit Agencies 
for the First Seven Months, Fiscal Year 1943 



Corparmtlon or •(■aer 



Csntral Bank for 0«op«r»tlT»» 

CoMOdltr Credit Corporation 

Dl»»»t0r Loan Corporation 

Xxport-l«i)ort Bank of Wa»hln«ton 

rodaral Dapoalt Inmiranao Corporation 2/ ■ 

radaral Jam Kortga«» Corporation 

hdaral hoao loan bank* 

rodaral latlonal Mortea«o ^soolatloa 

Todoral PnWlo Hoa»ln« tathorlty 

hdaral 8aTln«i and Loan Inooranca Corporation. 

Boa* Ownaro' Loan Corporation 

Baconatrnctlon Tlnanea Corporation j/ 

BK Mortga«o Conpany 

Bnral llootrlf Icatlon Admlnlotratlon 

¥Br corporation* J*/ 



Total. 



Corporation or agency 



Kzpenaoa 



Adnlnlatratlra 



Contral Bank for CooparatlTOo 

CoBBOdltjr Credit Corporation 

Cltaator Loan Corporation • 

Ixport-Inport Bank of «aabln«ton 

Todoral DopoBlt Inournnea Corporation 2/ 

radaral Tarm Mortgage Corporation 

redoral home loan banki 

rodoral Hational Mortgage Aiioclatlon 

rodaral Public Houilng tuthorlty 

rodaral SaTlnga and Loan Inanrance Corporation. 

BoBO Owner*' Loan Corporation 

Beconotmetlon Wnanoe Corporation j/ 

ETC Mortgage Ooapany 

Bural llootrlf Icatlon Adjanlotratlon 

War corporatlono k/ ■ 



$ 66,356 

2.371.310 

221.957 

UO.35I 

2.066.392 

U.738.6O8 

S57.66U 

U63.923 

159.'^2 
6.331.893 
6,2U6.6ll 

539.830 
1,688.803 
3.3in,o>Mi 

»3l.69«.7i2 



InTOBtaonta 
(not) 



Total. 



$ 56.205.072 



45.000,000 

-177.329.0>W 

50,088,U80 



8.01*5,156 

-26,793.000 
1,000,000 



1,000,000 



$-»»2,783.332 



lonadalnlt- 
tratlTo 



» 7.007 
6.353 

566,396 

853.070 

709.963 

22.530 

10.903.187 

2.850,759 
176,219 

6,318,991 

♦22,Hii»,l»75 



Porokaao and 

laproTeaant 

of property 

ovnad 



»1, 246,764,781 



1,619,225 



1,516,948 

9,036,050 

478,418 

1.920.763 

2,504,124,240 
♦3.765.W0.4S5 



loans 



t 72,287.102 
75.386.055 
827,688 
16,277.825 
7,3a.478 
10,772.089 
56,070.863 

6,287,227 

9l.3>*9.028 

4,940,601 

268,583,062 

27,121,795 

10,403.296 

71,268,808 

♦718,896.917 



Allocations, redla- 
eoonte, and loane to 
other gsTomBont cor- 
poration! and credit 
agenclee (net) 



4,995.'t65 
14.783. 998 

3.253.170 
-4.827.446 



Interest and 
dlTldends paid 



1.288,577.606 



117.038.9'*6 



$1,423,821,739 



$ 192.724 
5,382,812 



14.903.573 
2.301.376 
2.731.718 
2.197.391 

20.5'*8.33l 

32.999.227 

1.633.584 

6.599.7'W 

689,272 

»90.179.7'« 



Other az- 
pendltnrsa 



Betlreaant 
of obligations 

Issned im 
exchange far 
aertgagea l/ 



124.202,475 



(24,202,475 



Total, aaas 
of fonds 



♦ 21.716 

2,780,931 

2,123 

-750.035 

1,886,342 

95.»*87 

-12,082 

4,059.607 

-525.501 5/ 

81,222 

7.713.5I8 

-257,816 

173.630.055 



♦188,725.567 



♦ 133.768,434 

i.3'*7.'*69.887 

4.311.945 

ll.567.O83 

53.637.835 

-l42,tf»2,808 

109.413.870 

10.323.856 

102.327.'»10 

7,701,678 

49.250.758 

1,608,449,200 

31.13'*.373 

18,691.839 

2.877.'ni.36l 

♦6,222,616.721 



Sonroei Heporto roeelTod froa the corporation* and agencies. Data 



basis of cheeks isstwd. 



1/ Becelpts froa the repayment of mortgage loans appear under 
"EeDarment of loans" In the statement of sources of funds. 



2/ rigures ar* as of December 3I. 1942. the latest aTailable. 

3/ Includes th* llectrlc Home and ran. Authority, Inc.. which was 
transferred for purposes of liquidation to the Beconstructlon 
rinanee Corporation by IxecutlTO order effectlTO October 3I. 19'*2- 



4/ Oomprlees Cargoes. Incorporated. Defense Homes Corporation. 
Defense Plant Corporation. Defense Supplies Corporation. 
Institute of Intsr-Aiserloan iffalrs. Inter-American Havlga- 
tlon Corporation. Metals Seserre Company, Bubber Besenr* 
Conpany7sm«ller War Plants Corporation. United States Commer- 
cial Company and War Damage Corporation. 

5/ Includes eipendltures for contributions and subrogated shares 
or claims In Insured financial Institutions. 



65 



Sources of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through January 31, 1943 



Corporation or a{;cno7 



Appropriations 
froD Q«neral 
Tand of th* 
Treamiry 1/ 



Allocations, redii- 
couuti, and loans from 
other gOTernment cor- 
porations and credit 
agencies (net) 



Side of 

obligations 

to Treasury 

(net) 



Sale of obli- 
gations In 
the oarlcet 
(net) a/ 



Sale of stock 
to other 
agenda* 



Central Bank for Cooperatlres 

Comodlty Credit Corporatloii. ., 

Disastar Loan Corporation 

I:90rt-Iiiport Bank of Washington 

federal Deposit Insnrance Corporation ^ 

federal Tarn Mortgage Corporation 

Federal home loan banks 

federal Hatlonal Mortgage Association 

federal Fabllc Bousing Anthorlty 

federal SaTlnge and Loan Insurance Corporation 

Hone Owners' Loan Corporation 

Beconstructlon finance Corporation 2/ 

BfC Mortgage Company 

Bnral Ilectrlfloatlon Administration 

War cor}>oratlons 8/ 

Total 



72,000,000 

2'*3.950.52't 2/ 

2U, 000, 000 Ji/ 
1,000,000 

150,000,000 

100.000,000 U/ 



55,129,516 

200,000.000 Uy 

325.000.000 

139. 024.688 

150,000.000 



$1,U60,104,728 



% l%<ib5M-i- 



19s, 660 



96.759.'*6s 



8,251.000 

228. 491. 679 

3.266.120.910 
$3,712,101,613 



$ 650,000.000 



280.000.000 

371.000.000 
'♦,225,651.1*1*6 



$5,526,651.1*46 



* 759.619.000 



929,76U,200 
69,500.000 

85.21*0.000 

iii*,i57,0O0 

3.ii'*.'*53.550 
896,157.000 



$5,968,890,750 



938.500 



174,000.000 
139.299,557 

12l*,7l*1.000 6/ 
11.000,000 

100.000,000 



25.000,000 



36.601.000 
$611,580,057 



Corporation or ageney 



Sale of other 
property 
acquired 



Be payment 
of loans 2/ 



Interest, divi- 
dends, assess- 
ments, and 
property Income 



Other receipts 



Total, sources 
of funds 



Central Bank for Cooperatives 

Commodity Credit Corporation 

Disaster Loan Corporation 

Ixport-Import Bank of Washington 

federal Deposit I-^rirance Corporation ^ 

federal farm Mortgage Corporation 

federal home loan banks 

federal Hatlonal Mortgage Association 

federal Public Housing Authority 

federal Savings and Loan Insurance Corporation. 

Home Owners' Loan Corporation 

Beconstructlon finance Corporation 2/ 

BfC Mortgage Company 

Sural Xlectrlf Icatlon Administration 

War corporations 8/ 



$2, 



032,685,872 
160. 93'* 



27,1*31.1*51* 

1.922.161* 
951,1+01 

218,205,107 
32,29i*,i*o6 

970,979 
760.732,281 



382,576,1*59 
1.075,365.9'W 

23,060,701 
128,219,131 
115.370.035 
1*86,1*35.81*3 
871,605,558 

57,301,1*40 
780,133,067 

1.282.470,023 
5.880.100,146 

150, 729. "^3 
19.764,025 
99.526.855 



% 12.152.616 

36. 328.240 
872.814 

20,257.701 
402. 861.061 
534.077.726 

'+9.720,392 

3^,943,945 

'*7. 897. 977 

47,219,387 

1,046,924,300 

745,601.726 

17.72'*.759 

20.248,860 

7.995.97'* 



» '*.683 

33.623 

107 

707 

'*.5'*3 

21.555 

77.842 

4,4i5 

1.559 

231 

80,918 

124,890 

5.1^8 

1,143,812 



,544 

,o4o 

,196 
.119 

.3'^ 
.7'*8 
.536 10/ 

.727 
.130 

,482 

.9'+7 

.376 
.969 
168 

.627 



% 507 

4,831 

48 

324 

812 

2.099 

1.193 
291 

1.279 
11*7 

6,313 

12,237 

277 

407 
5,464 



,386,590 
,572,615 
,201,645 

,183.951 
,272,662 
,264,971 

,409,486 

,582.742 
,828,090 
,450,869 
.971.927 

.9'»6,099 
,168,625 
,529,421 
,789,648 



Total $3,075,354,598 $11,352,658,716 $3,024,827,478 $1,504,389,956 



$36.236. 559. 3'»l 



Source: Beports received from the corporations and agencies. 

1/ Items in this column are the only ones in this statement which 

constitute a charge against the federal Budget. They represent 5/ 

amounts of funds drawn against available appropriations. 6/ 

2/ Ixcept for the H.O.L.C, sales of obligations in the market, a* 
shown in this column, are reduced by the amount of obligations 
which have been retired (including those which have in effect 
been refunded through the sale of obligations to the Treasury). 2/ 

In the case of the H.O.L.C. the original amount of obligations 
sold in the market Is shown in this column and the retirement 
and refunding of these obligations are shown as "Betirement of 8/ 

obligations Issued in exchange for mortgages" in the statement 
of uses of funds. 

2/ Includes $3,000,000 N.I. E. A. i $97,000,000 fi.f.C. included 
in notes canceled \ij the Treasury (See footnote 4/); and 
$143,950,524 restoration of Capital Impairment, which is net 
of repayments to the Treasury of $43,756,731 on the basis of 2/ 

March 31, 1940 appraisal, and $27,815,514 on the basis of 
March 31, 1942 appraisal of the corporation, pursuant to 10/ 

Public Ho. 442 - 75th Congress, approved March 8, I938. 

4/ These fhjids wore furnlehed by the B.f.C. from the proceeds of 
its notes sold to the Treasury, such amounts being included in 



the total of obligations of the corporation canceled by the Sec- 
retary of the Treasury pursuant to the Act of February 24, I938. 
Figures are as of December 3I, 1942. the latest available. 
The B.f.C. purchased the stock of the Federal home loan banks 
from the Treasury Department on February 20. I941 . The net 
effect of this transaction is the same as a sale of stock to 
other agencies, and is shown as such for purposes of this report. 
Includes the Ilectrlc Home and farm Authority, Inc. which was 
transferred for purposes of liquidation to the R.f.C. by 
Executive order effective October 3I. 1942. 
Comprises Cargoes. Incorporated. Defense Homes Corporation, 
Defense Plant Corporation, Defense Supplies Corporation, 
Institute of Inter-Aaerlcan Affairs, Inter-Anerican Naviga- 
tion Corporation, Metals Beserve Company, Bubber Beserve 
Company, Staaller War Plants Corporation, United States Coomer- 
cial Company and War Damage Corporation. 

Baceipts from the sale of property acquired in liquldatiSn of 
loans are shown as "Sale of other property acquired". 
Includes $51,701,600 paid-in capital stock held by member 
institutions. 



66 



LlBes of Funds of Certain Government Corporations and Credit Agencies 
from Inception of Organization through January 31, 1943 



Corporation or agency 



Central Bank for CooperatlT«» 

CoBBOdlty Credit Corporation 

Dleaater Loan Corporation 

«iport-I«port Bank of Waahln«ton 

Federal Deposit Insurance Corporation 2/ 

Inderal Tarm Mortgage Corporat Ion 

federal hone loan 'banks 

Inderal Hatlonal Mortgage Aeeoclatlon 

Federal Public Housing iathorlty 

federal SaTlngs and Loan Insuranoe Corporation. 

Hoae Owneri' Loan Corporation 

Beeonstmctlon nnance Corporation kj 

EFC Mortgage Company ■ 

fioral Xlectrlflcatlon Adalnietratlon 

•ar eorporatione 5/ 

Total 



Expanses 



AdnlnlttratlTe 



$ 1,076.7'K) 

13.355.7"^ 

3.685.533 

801,903 

29,378.150 

83, 76'*, 863 
11,698.371 

'»,327.5'»8 
22,065,018 

1.782.525 

239,'*67,70U 

97,700.12U 

5.713.203 
16.627.793 

U, 582, 220 



$536,027,1*38 



Konadolnls- 
tratlTe 



$ 136.767 
18.252 

6.31+9.318 

U, 877, 607 

7,it2U,7l*5 

83,566 

1U9,293.915 

12,696,785 

'*,829.356 

7,030,731 
$192,71*1,01*2 



Purchase and 

ImproTeaent 

of property 

owned 



$2,1*31*. 210,912 



18.357.795 



27.820.930 

15I*, 506,300 

1*78.1*18 

9.907.932 

1*. 730. 399. 773 
*7.375.682.06o 



Loan* 



$ 1*18,710.635 

2,225.593.608 

30.082,628 

21*9,909,629 

19l*.726.552 

1.073,101.010 

985.ooi*,765 
270,286,933 

1,11*6.878,101 

3.27>*,20i*.785 

7,903.653.398 

21*7,71*8,206 

365,019,306 

11*1*. 296. 61*0 

$18,529,216,196 



Betirement 

of obligation* 

Issued In 

exchange for 

mortgages l/ 



$1,570,338,275^ 



$1,570,338,275 



Corporation or agenegr 



Central Bank for CooporatlTee 

Coaaodlty Credit Corporation 

Disaster Loaa Corporation 

Iiport-Import Bank of Washington 

federal Deposit Insurance Corporation 2/ 

redsral Jm Mortgage Corporation 

federsJ. ho»e loan banks 

Joderal Hatlonal Mortgage Association 

Toderal Public Housing Authority 

Federal SaTlngs and Loan Insuranoe Corporation. 

Hobo Owners' Loan Corporation 

Baconstruction riaaace Corporation J*/ 

BTC Mortgage Conpany 

Bural llectrlf loation Adalni strati on 

War corporations 5/ 



InTostaents 
(net) 6/ 



Total. 



$ 69,855,813 



536,91*8,151* 
556,1*81*. 800 

119.'*56,395 

V 

7,070,000 
130.890.991* 
21*0.276,860 
369,01*1.000 



1.000.000 



Allocations, redls- 
eounts. and loans to 
other goTemnent cor- 
porations and credit 
agencies (net) 



$2. 031. 021*. 016 



U,995,i*65 
99,116,183 
li*, 293. 069 
70,022,551* 



3,1*85.026,831* 



122.1*99.553 
$3,795,953,658 



Interest and 
diridends paid 



( 853,861 

36,686. 8>*6 

2.362,329 

323.030.591 

26,071.801* 

11.81*5.339 

8,520,670 

3,035.326 

560, 71*1*. 71I* 

298,251*, 669 

8,809,51*3 

I8.8i5.229 

690,020 

$1,299,720.91*1 



Other ex- 
pendl tores 



Total, uses 
of fxinds 



$ 3.5'»2.'*78 

21,136,538 

2.61*9 

593.801 

32,61*9.623 

22,1*77.063 

1*08.791 

21*5,316 

I8.337.6U9 

l0.8l»U.i*55 1/ 

7.21*9,051 

23.1*98.1*1*2 

159.258 
371.526 

280,36U.886 
$1*22,381,526 



$ i»99.03i*.992 
U, 830, 099, 831 

1*8,200, 6U5 

323,708.1*67 

793.702,1*78 
2,083,565,1*^0 

l,ll*2,6UO,126 

291,582,71*2 
1,238.617.113 

1U6. 636.865 

6.196.081,601* 

12.190.31*9.669 

277.167.1*97 

1*00.833,851* 
5.290.863.821* 

$35,753,085.11*7 



Source: Beports recelTed froa the oorporatlons and agenciss. Ikta 

on basis of checks Issued. 
1/ Becelpts froa the repaynent of mortgage loans appear under 

■Bepeyxent of leans* in the statement of sources of funds. 
2/ Figures are as of December 3I, 191*2. the latest aTal labia. 
3/ Includes the retirement of those obligations which were in 

effect refunded through sale of securities to the Treasury. 
kj Includes the llectrlc Home and Farm Authority, Inc., which was 

transferred for purposes of liquidation to the Heconstruction . -■ ,.,,.. ^ .. ,v.4.4 . ...a _,>>.n<..t.4 .hara« 

fZi^cl CorporatfTby Ixecutir order effectire October 31. 19U2. 1/ I-^dules expenditures for "»t'^"°".»^ subrogated shares 
5/ Comprise, ckrgoes. Incorporated, Defense Homes Corporation, or claims in insured financial institution.. 

Dsfense Plant Corporation. Defense Supplies Corporation, 



Institute of Inter-American Affairs, Inter-American naviga- 
tion Corporation, Metal. Be.erro Company, fiuhber He.erve 
Company, Smaller War Plant. Corporation, United State. Oomoer- 
elal Company and War Damage Corporation. 
6/ Include, n. 6. Oovemment bond, in the amount of $558,385.1*69 

as follows! Federal Deposit Insurance Corporation. $421*, 1*58, 012; 
Federal Savings and Loan Insurance Corporation. $21,l61*,50O; 
Federal Public Hou.lng Authority, $7,070,000; Federal home loan 
bank., $100.11*3.957; Central Bank for Cooperatives. $5,550,000. 



' > »> 



INTERNAL REVBNUB STATISTICS 



-67- 



68 



ritcal J*aT 
or Bonth 



1929- ••• 
1930.... 
1931---- 
1932---- 
1933- • •• 

1935. ••• 
1936..-- 
1937- 
1938- 



igUa-Te^ruarr • 
March 



Xprll. 
May... 



July 

Au^ut . . . 
Saptanbar 

Oetobar. . 
HoTanbar . 
Daeambar. 

I9U3- January . . 
rabmary. 



ntcal year 
or month 



1929.. 
1930.. 
1931. ■ 
1932- 
1933 •• 

193'»-. 
1935- • 
1936. 
1937. 
193«. 

1939. 
19W. 
19UI. 
19U2. 



19U2-rebruary . 
March 



April. 
May... 

Juaa, . 



July 

Au^at .... 
Saptaabar. 

Oetobar . . . 
Bovaabar . . 
Daoaabar.. 

19U3-Jaiiaary. ■ . 
f abru«ry . . 



Summary of Internal Revenue Collectionsi/ 

(In thouaanda of dollars) 



Incona and profits tazaa 



Total 



2.939.05'* 
3, QUO. 11*6 
2,U2g,229 

1.557.729 
1.619,839 

2,672.239 
3.281,792 
3,U9U,330 
63U. 3O8 



'».6^U. 
5.6U3. 



83U 

|i939 I I'Mi-m 

191*0.. 
19U1.. 
19U2. . 



i^'.'.'.'.'.W 5.322.768 



7.351.531 
13.029,912 

859,750 

3.'*55.803 
696.855 

649,124 
2,U44,186 

807,1*5^ 
681.368 

2,459,871* 
702,1*25 

81*5.855 
2.521,1*48 

797.227 
1.058,902 



Total 



2,331,271* 
2,410,259 
1,860,OUO 
1.056.757 

7>*6.791 

819,656 

1.105,788 

1,1*27,1*1*5 

2,179,828 

2.629.016 

2,185,105 

2,129,606 

3, 1*71,122 

8,006,880 

337.101 
3.073.000 

295,111 

204.578 

2.131,452 

221,585 

16U.032 

2,122,989 

220,386 

1S1+.5U9 

1.999,688 

296,097 

1*33.799 



Individual 

2/ 



1,095,51*1 

1.146,845 
833,64* 
427,191 
352, 573 

419,509 

527,113 

674.416 

1,091,741 

1.286,312 

1,028,834 

982,017 

1,417,655 

3.262,800 

229.353 
1.468.071 

171,318 

19.523 

727,125 

62.873 
40.523 
670.306 

26,468 

27,058 

562,515 

73,410 
185,299 



Corporation, 
IncoBS and 

axcass 
profits 2/ 



1,235.733 

1.263.414 

1.026.392 

629, 566 

394,218 

397,516 

572,115 

738.520 

1.056.909 

1,299,918 

1,122,531 
1,120.579 

2,016.295 

4,687.459 

105,9*8 

1,993,507 

121,047 

178,337 

1.393.448 

156.218 

120,313 

1.436. 081 

186.668 
155.031 

1,425,942 

217,368 

244.689 



Mlscal- 

laneous 
profits 
taxas 4/ 



iDployaant tazas 



Total 



Social Security taxes 5/ 



rederal 

Insurance 

Contributions 

Act (01d-a» 

insurance; 



2,631 

6.560 

14.509 

31,178 

42, 786 

33.740 

27.010 
37.172 
56.621 

2.100 
11,422 

2,746 
6,718 

10.879 
2,494 
3.196 

16, 602 

7,250 
2.460 
11,231 
5.319 
3.771 



48 
265. 745 
742.^60 

740.429 

833,521 

925,856 

1,185.362 

198,900 

27.980 

108,218 

167,739 

28.383 

127,019 

177.282 

22,096 

133,919 

183,195 

25.263 

122,626 

291*. 338 



7adaral 
U&espl oynsnt 

Tax Act 

(UnenployBent 

insurance) 



Carriers' 

Taxing iet 

of 1937 



207.339 
502.917 

529.835 
605,350 
687,327 
895,336 

124,331 
1,513 

102,359 

139.170 

3.358 

120,882 

140,967 

4.562 

127,882 

148.478 

2.576 

91,229 
184.307 



58.119 
90.267 
101.167 
106,123 
100,658 
119,617 

53, 55^* 
1.692 

4,970 
7,2S6 
1,145 

5.536 

5,993 

808 

5, 408 
5,753 
951 
30,896 
81,761 



48 

287 

149,476 

109,427 

122.048 

137,871 

170,409 

21,015 

24.775 

889 

21,283 
23,880 

601 
30.322 
16,726 

28,964 

21,736 
501 

28,270 




Total 



607,780 
629,887 
568,189 
500,972 
873,048 

1,481, 160 
1.649,782 
2,004.514 

2,188,735 

2.272,158 
2,236,821 

2.359.641 
2, 951*. 553 
3.837.670 

323.749 
35l*.«23 

293,526 
276. 807 
284.351 

458,850 
340,054 
311*. 789 
348.120 
478.111 
496.497 

378.504 
350. 805 



Capital 

stock 

tax 



Sstate 
and 
gift 
taxas 



Alcoholic 

bsTerage 

taxes 



80. 168 
9I.5O8 
94.943 
137.499 
139.349 
127,203 
132.739 
166,653 
281,900 

616 

352 

291 
485 
264 

228 
233 

589 

266 

185,445 

143,020 

209 
216 



61,897 
64,770 
4«.078 
47.422 
34.310 

113.138 

212,112 
378,840 
TO5,548 
416,874 

360,715 
360.071 
407,058 
432.541 

35.684 
105.317 
43,090 
25. 087 
25.321 

45,582 

29,681 

27.919 

35.11*7 
26,954 
30,223 

46.739 
28,613 



Tobacco 
taxes 



12.777 
11.695 
10,432 
?.704 
43.174 

258.911 
410.926 

505.21*3 
593.831 
567.670 

587,605 

624,064 

819,869 

1,048,165 

77,653 
84,657 

81.427 
84.074 
86.004 

113,986 
122,896 
111.280 

118,949 
104.431 

128,973 

136.876 

128,299 



434,445 
450.339 

444,277 
398.579 
402,739 
425.169 
458.776 
500.786 
551.923 
567.777 
579.784 
608,072 
697.712 
780,792 

59,606 
61.601 

62,866 
65,798 
71,446 

74.077 
73,933 
77,148 

82,532 
78,607 
81,359 
80,565 
68,247 



Stanp 
taxes 



Manufac- 
turers' and 
retailers' 
excise 
taxes 



Source: 
1/ 



2/ 



5:ri^s°couic:roirfor credit- to c-taintruat accounts 
for territories and insular possessions, etc. (^'P* J" 
the fiscal years 1929 through I93I*, »>»" ^^'J aggregated 
less than $1 million a year). 

21 Includss Tlctory tax collections. 

fy I«es. profits tax iapo.sd under th. Second EeTenua Act 
of 1940, as amended. 



5/ 

6/ 



64,173 
77.729 
46,954 
32.241 
57.578 
66,580 
43.133 
68,990 
69.919 
46,233 
41,083 
38,681 
39,057 
41,702 

3,222 

2,796 

3.19? 
2,954 

2,735 

2,817 

2.653 

2,681 
3.167 

3.399 
3.1*58 
3,776 
3.551 



166 
344 
138 

247,751 
390,038 
342,275 
379.540 
449,854 
416.754 
396.891 

447 ,088 

617,373 
852,069 

80,900 
63,652 
70,008 
63,025 
56,369 

61,935 
59,756 
55.996 
66,042 
47,137 
63,832 

68,427 
51,1*99 



Miscel- 
laneous 
taxas 



6/ 



Agricultural 

adjustment 

taxes 



34,322 
25,010 
18,310 
14,026 
87,496 

147,156 

91,052 

76 172 

80, 161 

117,501 

143,540 

148,926 
206.831 
400.501 

66.068 
36,448 

32.685 
35,384 
42.212 

160,225 
50,902 
39.176 
42.017 
32,138 
45.632 
41,912 
50,420 



371.1*23 

526,222 

62.323 



titled lederal Insurance Contributions Act »?*/»*"^. "..^e- 
Tax Act represent collections under Titles VIII and IX, respec 
tlrely, of the Social Security *=»• ^g,, ,^4 ^jer the 

Includes tax collections under the Sugar Act of lyjf an 
dividends tax imposed by the Act of June 16, 1933- 



69 






COLLECTIONS OF INTERNAL REVENUE 



Fiscal Vaars 1929 to 1942 



DOLLARS 
Billions 



Firsts Months Fiscal Yzar 1943 



DOLLARS 
Billions 





Estate and Gift 



DOLLARS 

Billions 

.8 



33 



■■■■■■■la 

35 37 39 41 43 



Alcohol 



I 



.Tobacco 



1 



d 



mutdtyjil 



I 

i 



1929 31 33 35 37 39 '41 


43 


Manufacturers' and 


If 


Ketailers' Excise 

.1 


■■■■■■■li 



33 



36 



37 



'39 



43 



Other Miscellaneous 
Internal Revenue 



31 



IP 
_[ 

33 35 37 39 41 43 



Ai^ricuitural 


Employment 


Adjustment 






. ■ 1^ 


■ 


IJllli 


■ 1. 


JlUli 



1929 



/ncluaes miscellaneous profir taxes 



33 



37 



39 



41 



43 



.4 


2.4 

2.0 

1.6 
1.2 
.8 
.4 



1.2 

.8 

4 


1.6 

1.2 

.8 

.4 


2.0 

1.6 

1.2 

.8 

.4 





;:•.•. 



70 



Detailed Analysis of Current Internal Revenue Collections!/ 



(In thousands of dollars) 



Sources of revenue 



lacoae and profits taxes: 
I ail Tl dual 

Current 

Back 



Tebruary 

I9U3 



Corporation 
Current. . . 
Sac's 



Victory tax 

Zxcess profits tares (Second Eevenue Act 

of I9U0 as amended) 

Miscellaneous profits taxes: 

Declared value 

Vinson Act 

Unjust enrichment ' 



rirst 8 months 



Fiscal 
year 

191*2 



Total income and profits taxes. 



Smployment taxes: 

Social Sec-irlty taxes: 

Federal Insurance Contributions Act 

(Old-age Insurance) ■ 

Federal Unemployment Tax Act (Unemploy- 
ment Insuranoe) 



166. 6l8 
18.1*71 

95.227 

36.7'+9 

210 

112.713 

3.6^2 



U33.759 



Fiscal 
year 
I9U3 



791. 6s6 
85.077 

1.037.701 
157. 803 



205,618 

21,091* 

32 

3.729 



Sources of revenue 



2,302,7'*O 



Total Social Security taxes. 
Carriers' Taxing Act of 1937- • 



Total employment taxes. 



Miscellaneous internal revenue: 
Capital stock tax 



Estate tax. 



Gift tax 

Alcoholic beverage taxes: 

IHstilled spirits (imported, excise} 

Distilled spirits (domestic, excise) 

Distilled spirits rectification tax .. 

Wines, cordials, etc. (Imported, excise). 
Wines, cordials, etc. (domestic, excise). 
Brandy used for fortifying sweet wines 

(repealed as of July 1. 19'*0) 

Dealers in distilled spirits; rectifiers; 
manufacturers of stills (special taxes) 
Stamps for distilled spirits intended 

for export 

Case stamps for distilled spirits 

hottled in bond 

Container stamps 

Floor taxes 

Fermented malt liquors 

Brewers; dealers in malt licjuors 

( special taxes) 



Total alcoholic beverage t&xee. 



Tobacco taxes: 

Cigars (ifiTge) 

Cigars (small) 

Cigarettes (large) 

Cigarettes (small) 

Snuff •••• 

Tobacco ( chewing and smoking) . . . 

Cigarette papers and tubes 

Leaf denier penalties, etc 

Cigarette and cigar floor taxes. 



Totel tobacco taxes. 



ce: Reports of collectlone. 
• Lesr than $500. 
1/ Excludes collections for credit to 



181*. 307 
81. 761 



266.068 
28,270 



1.555.'*70 
92.673 

1.979.230 
196.655 

301* 

1,766.1*26 

50.711 

192 

1.^*19 



5,61*3,085 



61*8.937 
10U.523 



753.1*60 
99.582 



291*. 338 853.01*2 



216 



27. '+57 



320,883 

137.106 



957,989 
127.7'*9 



230.509 



6.832 

56,017 

1.311 

60 

2.72"* 


- 



222,261* 
11.1*60 



1.085.738 



330.206 



2 63.319 

7.01*0 



65 



97 
735 

28.350 

32.033 
70 



2i*.99i 
369.735 

11.325 

250 

15.592 

1.236 

5.502 

1 

778 

7.809 

35,108 

236.369 

2.756 



128.299 712.002 



1,885 
6 
2 

61.873 

721 

3.36'* 

127 

• 

269 

68.21*7 



1+6.380 
1*85. 7'+6 

13.1*81 

1*05 
23.656 



5.1*1*6 

1 

991 

7.770 

95.96U 

283,213 
2.631 



965,690 



9.512 

72 

11 
1*68.151* 

l*,8l*9 

35.157 

1.317 

1* 

5 



Miscellaneous Internal revenue (continued): 
Stamp taxes: 

Bonds. Issues of capital stocks, deeds 

of conveyance , etc 

Transfers of capital stock and similar 

interest sales 

Playing cards 

Silver bullion sales or transfers 

Repealed taxes not listed above 



February 
19'+3 



Total stamp taxes. 



519. 081 



1U.OI5 

63 

17 

555,1*86 

U,90i 
32.61*3 



8,1*52 



616.1J69 



Manufacturers' and retailers' excise taxes 

Lubricating oils 

Oasoline 

Tires and tubes 

Floor taxes on tires and tubes 

Automobile trucks and buses 

Other automobiles and motorcycles 

Parts and accessories for automobiles... 

ElectricEil energy 

Electric, gas, and oil appliances 

Electric light bulbs and tubes.......... 

Electric signs (repealed as of 11/1/1+2). 
Radio sets, phonographs, components, et< 

Phonograph records ' 

Musical instruments 

Mechanical refrigerators, alr-condltl oners 
etc 

Matches 

Floor taxes on -matches 

Business and store machines 

Furs - retailers' excise 

Jewelry - retailers' excise 

Optical equipment (repealed as of ll/l/l*2) 

Photographic apparatus. ■ . • • • •••••• 

Rubber articles (repealed as of ll/l/i+S).. 

Sporting goods ! ' ' " ' .' 

Toilet preparations - retailers excise... 
Washing machines (repealed as of 11/1/1*2). 

Firearms, shells and cartridges 

Pistols and revolvers 

Repealed taxes not listed above 



Total manufacturers' and retailers' 
excise taxes 



Miscellaneous taxes: 

Bituminous Coal Act of 1937 

Sugar Act of 1937 ;• 

Telephone, telegraph, radio and cable. 

leased wires, etc 

Local telephone service 

Transportation of oil by pipe line 

Transportation of persons, seats, berths. 
Transportation of property (effective 

12/1/1*2) 

Use of motor vehicles (effective 2/1/U2). 

Use of boats (effective 2/l/l*2) 

Leases of safe-deposit boxes 

Admissions to theaters, concerts, 

cabarets, etc 

Club dues and initiation fees 

Bowling alleys, pool tables, etc ■ 

Coin operated devices 

Adulterated and processed or renovated 

hutter. mixed flour 2/ and filled cheese 
Oleomargarine. Including special taxes 
Harcotics, Including marihuana and 

special taxes 

Coconut and other vegetable oils processed 

National Firearms Act 

All other, including repealed taxes 
not listed above 



First 8 months 



Fiscal 
year 
191*2 



Fiscal 
year 

I9U3 



1.605 15. 815 13.01*8 

10.360 7.'*17 

3.861 i*,9'»l 

22 96 



3,551 30.058 25.502 



Total miscellaneous taxes 

Totel mlBcellEneous internal revenue. 



Total Internal revenue. 



206 
1.258 



11.552 
1,700 

1.683 

2.1*22 
II.30I* 
23.117 

1.29l| 
209 

2,7>+l 

8.931 

1.387 

10,521* 

75 

3.305 

51 

3,1*02 



51.1*59 599.016 l*7U,58it 



1*1*1 
3.836 

6.61*6 

6,1*23 

793 

g,U3l* 

10,569 
133 

u 
623 



3,583 

50,867 

26.093 
8.370 

9.353 
7,908 



56.723 

1*5 

2.163 



3,660 
36,660 

1*8.685 
38.679 
9.252 
U6.U52 

lU,3l6 

137.931 

308 

u,i8; 

103, 55i 
i*.30^ 



50.1*20 



330. 805 



1.058.902 



32 

~25Vn3 ^^ 
5.783.9'+5 %j]}^ 



certain trust accounts for 



territories and insular possessions, etc. occupational 

2/ Ta. imposed upon the manufacture and sale of and the occupa 
tex on. mijted nour repealed as of Noverber 1. l^'ic . 



GOLD AND SILVER STATISTI 



CS 



71- 






i^i^iS. 



72 



Gold Assets and Liabilities of the Treasury 



(In millions of dollars) 



End »f calendar 
year or aonth 



193'». 
1935- 
1936. 
1937. 
1938. 
1939. 
19UO. 
19U1. 
191*2. 



igUS-February. 
March 



April. 
Hay.. . 

Jun*. . 



July 

August . ■ . ■ 
Septenber . 



October. . 
Kovember . 
Ceeeober. 



19U3-Januar7 

February p. 



Gold 
Ascets 



8,238.6 
10,122.9 
11,257.6 
12,760.0 
111,511.2 

17. 61*3. U 

21, 991*. 5 

22.736.1 
22,726.3 r 

22, 70^.8 r 
22,687.'* 

22,690.8 r 
22,7l'*.l* 
22,736.7 r 

22,7l*U.3 r 
22.755-7 
22, 75lt.lt r 

22,7U0.1 r 
22, 71*3. >♦ 
22,726.3 r 

22,683.0 
22.61*3.7 



Liabilities 



Gold Certif- 
icates 1/ 



Source: Daily Treasury Statementt. 
p Preliminary, 
r BeTleed. 

1/ Comprises (1) gold certificates hold by the public and In Fed- 
eral Easerra Banks; and {2/ gold certificate credits in (a) the 



5.27i*.o 
7.679.5 
s.959-6 
9,212.3 

11,872.8 

15.278.6 
19,825.1* 

20,561*. 8 

20,611.9 

20,575-8 r 
20,555-0 

20,569.8 r 
20,581.3 

20.625.5 r 

20.605.6 r 

20, 631*. 3 

20,634.8 

20,628.2 r 
20.631.2 r 
20.611.9 

20.578.5 

20.533-7 



Gold Reserve 
against U. S. 
notes, etc. 2/ 



156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 
156.0 

156.0 
156.0 

156.0 
156.0 
156-0 

156.0 
156.0 
156.0 

156.0 
156.0 
156.0 

156.0 
156.0 



Exchange 

Stabilization 

Fund 3/ 



1,800.0 
1,800.0 
1,800.0 
1,800.0 
1.800.0 
1,800.0 
1.800.0 
1,800.0 
1,800.0 

1.800.0 
1.800.0 

1,800.0 
1,800.0 
1,800.0 

1,800.0 
1,800.0 
1,800.0 

1,800.0 
1,800.0 
1,800.0 

1.800.0 
1,800.0 



Gold in 
General Fund 



1,008.6 
1*87.1* 

1,591.6 
682.1* 
1*08.9 
213.2 

215-5 
158.1* r 

173-0 

176. U 

165.0 
177-1 

155-2 

182.7 

165.lt 

163.6 r 

155-9 
156.2 
158.1* r 

11*8.5 r 
15l*.0 



Gold Certificate Fund - Board of Governors. Federal Heserve 
System, and (b) the Hedemptlon Fund - Federal Reserve notes. 

2/ RoBorve against United States notes and Treasury notes of I89O. 

2/ Kxcludee gold in active portion of Bichange Stabilization Fund. 



Monetary Stocks of Gold and Silver 

(In millions of dollars) 



Bnd of fiscal 
year or month 



Gold 

($35 per 

fine ounce) 



193"* 

1935 

1936 

1937 

1938 

1939 

191*0 

191*1 

191*2 



19l*2-Febru«r7 . 
March 



April. 
May... 

June. . 



July 

August . . . . 
September . 



October . . 
November . 
December . 



I9U3- January. . 
February. 



7.856.2 

9.115.6 
10,608,1* 
12.318.3 

12,963.0 
16,110.1 
19.96;;. 1 

22,624.2 

22.736.7 

22, 704.8 
22,687-1* 

22,690.8 
22, 714. I* 
22.736.7 

22,744.3 

22,755-7 
22,754.4 r 

22,7'*0.1 r 
22,743.4 
22,726.3 r 

22,683.0 

22,643.7 p 



Source: Dally Treasury Statement and Circulation Statement of United States Money, 
p Preliminary, 
r Bavlsad. 



Silver 
($1.29-*- pel 
fine ounce) 



898.2 
1,463.1 
2,249.5 

2,5't2.1 
3.066.4 
3,605.2 
3.939.6 

4,148.7 

4,306.3 p 

4.267.5 
4,277.8 

4,289.2 
4.301.3 
4,306.3 r 

"*. 313-5 r 
4,317.2 P 
4,520.2 P 

't.319.7 r 
4,319.6 p 
4,317.6 p 

4. 31'*. 6 
"♦.305-3 p 



Ratio of 

silver to gold 

and silver in 

monetary stocks 



15.9 

15.8 
15-9 

15-9 
15-9 

15-9 

15-9 
15-9 
15.9 

15.9 
15-9 
15-9 

15.9 
15-9 



73 



Components of Silver Monetary Stock 



(In mllllonB of dollarB) 




Source : 



Dally Treasury Statement 

United States Money. 

Preliminary. 

BsTlaed. 

Lese than $50,000. 



and Circulation Statement of 



1/ Valued at $1.29+ per ounce. 
ij Valued at $1.38+ Per o^o*- 



SHver or Spec.f.ea c.a.sif .ca.lons Ac.„..red by Mints »d *.s.y Offices 



tin millions of ounces or dollaxE) 




1939; and at 71.11+ centi since July 1. 1939- 



—— ^^ 2/ Acquired at 50.01 cents per f ^« ''™", f 

PV^iqll of August 9. 193'*. "P«^«^.t!!iLf!' 'i^!. 



toecutlTe Proclamation 



2/ 



Acquired at Tarious prices 
per ounce 



avera«in« approiimately 51 oeo*» 



7»^ 



Seigniorage on Silver 



(Cvinulatlye fror, January 1, 193U - In mllUoPB of dollarB) 



End of calendar 
year or month 



1935- 
1935. 
1937. 
1938. 
1939- 
19U0. 
igi*!. 
19U2. 



igUa-February. 
March. . • • 



April. 
Kay... 
June. ■ 



July 

August. . . ■ 
Septenter. 



October. . 
November. 
December. 



19'*3-January. . 
Tebruaiy. 



Seigniorage 

on Bilver 

and minor 

coins 



i«.5 

18. 5 

U6.1 
63.7 
69.5 
91-7 

122.2 
182.1 
2U5.7 

192.** 
195.3 

19s. 

201+.0 
209.2 

213.0 
218.5 
225.8 

233-'» 

239.5 
2U5.T 

251.0 
257.5 



Sources of seigniorage on silver bullion revalued l/ 



Mlec. silver 
(incl. silver 

bullion held 
June lU, 19 3U) 



Us. 7 
Ug.7 
Us. 7 
Us. 7 
U8.7 
U«.7 
Us. 7 
Us. 7 
US. 7 

US. 7 
US. 7 

US. 7 
U«.7 
US. 7 



Newly-mined 
silver (Proc. 
Dec. 21. 1933) 



Newly-mined 

silver (Act 

July 6. 1939) 



.U 
16.8 
3S.0 

5s. 
7'+.9 
87.3 
87.6 
87.6 
87.6 

87. 6 
S7.6 

87. 6 
87.6 
87.6 



U8.7 


87. 


6 


US. 7 


87. 


b 


U8.7 


87 


b 


U8.7 


87 


6 


US. 7 


87 


b 


US. 7 


87 


b 


US. 7 


87 


.6 


us. 7 


87 


.b 



'""V ^^Je ^nm"Vepr:fe:r?h:-dlfference between the cost value and 
the monetary value of silver bullion revalued and held to secure 
silver certificates. 



60.6 

61.6 
62.U 

63.1 

63. U 
63.6 

63.6 

63.6 



Silver Pur- 
chase Act 

of June 19 . 
193'^ 



_ 


51.1 


_ 


226.2 


„ 


302.7 


_ 


366.7 
U57.7 


- 


U.2 


530.7 


25-7 


562.7 


U8.3 


580. U 


63.6 


58'*-3 


51.6 


582.1 


53.3 


582.9 


55.3 


583-8 


57.5 


58U.3 


58.9 


58U.3 



58U.3 
58U.3 
58U.3 

58U.3 
58U.3 
58U.3 

58U.3 
5SU.3 



Nationalized 

silver 

(Proc. of 

Aug. 9. 193'*) 



28.5 
3U.5 

3i*.7 
3'+-7 
3U.7 
3l*.7 
3'+.7 
3'*-7 
3H.7 

3'+.7 
3't.7 



3'*- 7 
3U.7 
3U.7 

3^.7 
3'*. 7 



Total 

seigniorage 

on silver 

revalued 

128.7 

U22.I 
508.1 
616.0 
705.6 

759-'* 
799-7 
818. 9 

sou. 7 

807.2 

810.1 
812.8 
8IU.2 

8I5.9 
8I6.9 
8I7.7 

818. U 
818.7 
818.9 

818. 9 
818. 9 



Potential 

eelgniora^ie on 

silver bullion 

at cost in 

General Fond 

iJ_ 

132.6 
27U.9 

758.8 

950-6 
1.055.8 

1,089.0 
1,0U8.2 

1.096.3 
1.097-8 

1.096.5 
1.097-5 
1.095.5 

1.090.0 
I.O85.5 
1.082.5 

1.068.5 
1.060.0 
1.0U8.2 

1,029.7 
I.OU8.U i/ 



2/ The figures in this column are not cumulative; as the 

amount of bullion held changes, the potential seigniorage 
thereon changes. 

y Increase due principally to cumulative adjustment in 
computing average cost per ounce. 



Silver Production, by Leading Countries 



(In thousands of fine ounces) 



Calendar year 
or month 



1933. 

19 3U. 
1935- 
1936. 
1937- 
1938. 
1939- 
19U0. 
19U1. 
19U2. 



19U2- January.. 
February. 
March. . . . 



April. 
Hay... 

June. . 



July 

August . . . . 
September. 



October. . 
November. 
December. 



I9U3- January. 



Total 

for 
world 



169.159 
190,398 
220, 70U 
253.696 
27U,538 
267.765 
265,262 
273, 6sU 
26U,553 

21,36s 
20,361 
21,657 

5/ 

% 
5/ 

^, 
5/ 



United 
States 



22,821 
32.U87 
U5.613 
63.351 
71.299 
61 , 689 

63.872 

67,013 
69.128 
5U.U86 

U.8UU 
U,U70 
5,285 

5,606 
U.9U8 

U,528 

5.0U8 

U,U12 
U.56I 

3. 819 
3.292 

3.673 

3.5'*2 



American countries 



Canada 
2/ 



Mexico 



16.395 
17.565 
17. 7^3 
19 , 58'* 
2U,131 
23,826 
2U,538 
23,8l6 
20.3'W 

19.762 

1.538 
1.U78 
1.606 

1.613 
i,62U 

1.537 

1,966 
1.505 

1.758 
1,870 

1.6331 
1.63U 

5/ 



Peru 



68.101 
7U,lU5 
75.589 
77.U6U 
gU,68l 
81.019 
75.871 
82,638 

78,362 

7.U71 
7.213 

7.211 

^, 

5/ 

5/ 
5/ 



other 



6,761 
10.381 

17. '+33 
19,901 
16,99'+ 

20,U2U 
18.802 
19.000 
17,000 
15.950 

1,300 
1,000 

1.300 

1.200 
1,300 
1.500 

l.UOO 
1.350 
I.U50 

I.U50 
1.200 
1.500 

5/ 



All other countries 1/ 



819 
091 
788 
539 
708 
,869 
,U97 
.925 
.262 

5/ 
.590 

.580 

.635 

5/ 

5/ 

1/ 
5/ 



Total 



Source: Annuid Reports of the Director of the Mint ^"^t^^'i^./^^f^J^^ 
through 1939; releases of American Bureau of Metal Statistics 
for all later figures, 
r Revised. 
1/ Breakdown by countries not available after 1939. 



UU,26l 
U5,730 
51.538 
56,858 
61,725 
6U,939 
6U,683 
6U.292 
61.U61 
5/ 

U.625 
U.620 

U,620 

% 
H 

5/ 

5/ 
5/ 



Europe 



II+.769 

iU,89i 
17.199 
19 . 70U 
21,053 

22,7U7 

21,22U 



Oceania 



11.553 

11.257 

12.U3U 
13.19U 

iU,903 
15.0U3 
15. '+17 



Japan 



6,680 
7.863 
9,706 
11.670 
12,U51 
13.115 
lU,oi5 



British Other 
India U/ Asia 



6,080 
5,818 
5.850 
5.977 
6,205 
5. 91*7 
5.9'*3 



1,103 
1.179 
1.219 
1.733 
1.913 
2,U51 
2,670 



U,076 
U,722 
5.130 
U.58O 
5.200 
5.636 
5.U1U 



I 

5/ 



Includes Newfoundland. 
Includes Chosen and Taiwan. 
Includes Burma. 
Not yet reported. 






'f' 



OTHER TREASURY STATISTICS 



-75 



41^ 



76 
Net Capital Movement to the United States. 1935 through December 1942 

Qn thoueande of dollare. Het capital outflow {-)] ^^^ 

Analyele of net capital movement 



Period 



Calendar year; 

1935 (Jan. 2. 1935-J»a- !• 1536) •• 

1936 (Jan. 2. 1936->c- 30- 1936).. 

1937 (Dec. 31. W&'X:- 29- 1937)- 

1938 (Dec. 30. 1937-Doc 28- 1938)- 

1939 (Dec. 29. 1938-J»n- 3. 19'tO) • 

191*0 (Jan. U. 19U0-DBe. 31. 19'«» • 
I9UI (Jan. 1. ig'tl-Dec- 31. 19'»1) • 
191*2 (Jan. 1. 19'+2-Dec- 31. 19^2)- 



tal (Jan. 2. 1935-I>>c- 31. 19'*2) . 



To 



Months: 

IjUl-Decemljer (Dec. U-Dee. 31)- 

191*2- January ( J«n. 1-J»n. 28) . 

reliruary (J«a. S9-^^- 25)- 

March ('"b. 26-Apr. 1). 



April 


(Apr. 2-Apr. 29) 


May 


(Apr. 30-JaM 3) 


June 


(Jane l^-Jone 30) 



July 

Au^it . . ■ • 
September. 



October. . 

November . 
December . 



Net capital 
movement 



l.Ul2,Ug6 

1.195.922 

801. 915 

U15.256 

1,195.635 

706,380 

-1*96.923 

60I+.321 



5.83'*.992 



-11*8.628 

-66.927 

-9>*.698 
l3.3'^5 

227,185 

103.821 

81,881 

1*7.282 

57. 31*5 
55,018 

39,788 
66.905 

73.376 



Movement in 

short -term 

banking fujide 



96U,629 

397.3^2 

255.59'* 

331.268 

1.132.383 

852.928 
-286.622 

561.573 



i*,209,095 



-159.300 

-7'*. 305 

-88,565 

19,020 

232,238 
100,712 

81,602 

58,078 
1*8.1*13 

1*6,121 
23.382 

57.538 
57.339 



Movement In 
brokerage 
balanoe e 



6.039 
6,811 

3'*, 687 

3>* 

32.990 

20,358 

-1*9 
3.513 



ioi*.383 



-158 

1,175 
-59 

2,297 

-370 

61*0 

1.692 

-2,593 

251 

3.57"* 

-3.331 

-90 
327 



Movement In 

traneactlone 

In domestic 

eecurltlee 



316.660 

600.693 

2l4J*,626 

57.196 

•85. 1*27 

-21*5,062 
-261.955 

'♦6.599 



673.330 



6.238 

i*,26U 
-i*,7g2 
-1.329 

1.687 
2,1*58 
2,961 

1.303 
9.'*27 
iMl 

8,11*6 
6.725 
12.338 



Movement In 

transactions 

In foreign 

securities 



125.158 

191,076 

267. 008 

26.758 

U5,689 

78,156 
51.703 

-7.36U 



81*8, 181* 



U.992 

1.939 
-1.292 
-6.6U3 

-6,370 

11 

-»*.37>* 

-9.506 
.71*6 

1,922 

11,991 
2,732 
3.372 



The weekly series of capital movement data throu^ July 1. 19^2 
^s been iu^rseded by a revised monthly series commencing with 
j"y 1 l5^r Ite^ aTexplanatlon of the adjustment made to 



eliminate the duplication In the »« "rt" "™"^?f J"" 
the overlapping of one day. see the "Treasury Bulletin" 
for October 19U2. page 78. 



Bulletin of the Treasury Department, April 1943 
Cumiilative Table of Contents 



I. Special articles 

Comparison of varlouB featuree of Treaeury securities offered to public 
during Second War Loan, April 19'+3 



Charts showing bank deposits by counties, as of December 31, igUs and 
increases during ig'tS 



Bejilc deposits by Jlederal Eeserve Districts and by States, December 3I, 
igltl and igltS 

Sales of United States Government secxiritleB in December l?'*?, elasBi- 
f led by type of investor 

Dividends received by corporations, individuals, and fiduciaries 

Estats tax rates and tax liability In the Iftilted States, United 

Kingdom, end Canada 



1936. ■ 



Individual income tax rates and tax liability in the United States, 
United Kingdom, and Canada 



Individual income tax rates in the United States, selected taxable 
years , igiS-igte 

Comparison of various features of Treasury securities currently 
offered to public 

Preliminary analysis of taxable excess profits tax returns for iglil 
filed through July 3I, l^kz 



United States Oovernment interest-bearing public debt outstanding 
during World War I 



II. Sunmiary of fiscal statlstlca 

Budget receipts and expenditures 

Debt outstanding: 

Public debt 

Public debt and guaranteed obligations. 

Means of financing cash requirements 



CII. Receipts and expenditures and appropriations 

Appropriations and net contract authorizations for the war activities 

program as of month-end preceding month of publication 

Budget receipts and expenditures; 

Summary by major classifications 

Analysis of receipts from internal revenue 

Analysis of general expenditures 

Analysis of expenditures for war activities 

Analysis of expenditures for (l) revolving funds and (2) transfers 

to trust accounts, etc 

Total budget receipts and expenditures, by months, for recent years, 
fieceipts and expenditures for trust accounts. Increment on gold, etc. . . . 

Means of financing cash requirements beginning I933 

Social Security program: 

Budget receipts and expenditures: 

Social Security Act 

Hal Iroad Retirement Act 

Railroad Unemployment Insurance Act 

Statement of trust accounts: 

lederal Old-Age and Survivors Insurance Trust Fund 

Railroad Retirement Account 

Unemployment Trust lUnd 

Cash income and outgo of the Treasury: 

Analysis by major classifications 

Total cash income and outgo, by months begimilog with: 

January I936 

January I938 ' 



IV. General Fund of the Treasury 

Assets, liabilities, and balance in General Fund. 
Analysis of changes in balance of General Fund... 



Issue and page number 



Apr. Mar. Feb. Jan 



2-3 



1^5 



12 
12 
13 
13 

Ik 

iU-15 
16 
17 



21-22 



191*3 



2-3 



8-9 



5-6 



10 7 

10 7 
11 
11 



12 

12-13 
Ik 
15 



19-20 



2 

3-6 
7-8 



19112 



Dec. Nov. Oct. Sept. Aug. July June May 



10 



13_lU 5_6 



7it-75 
75 



9 
9-10 

11 

12 



16-17 



15 
15 
16 
16 

17 

17-18 

19 

20 



21 
22 
22 

23 
23 
23 

2lt 
21+-25 



9 

9-10 
11 

12 



5-5 5-6 



16 

16-17 



9 
9-10 

11 

12 



13 
lit 

lU 

15 
15 
15 

16 
16-17 



(Continued on following page) 



9 
9-10 

11 

12 



22-23 

71-73 



5-6 



15 
15 
15 

16 

16-17 



9 
9-10 

11 

12 



13 
Ik 
Ik 

15 
15 
15 

16 

16-17 



5-6 

7 
7 



9 
9-10 

11 

12 



15 
15 
15 

16 

16-17 



5-6 

7 
7 



9 
9-10 

11 

12 



15 

15 
15 

16 

16-17 



8-9 
10 

11 



15 

15-16 



5 
5 
6 
6 

7 
7-8 

9 

10 



Ik 
iU-15 



Bulletin of the Treasury Pej>artiiient, April 1043 
cumulative Table of Contents - (Continued) 




V. Publlo debt outstanding 

Debt outetaadlu*. claeelfled by type of lesne.! 

Public debt :"' i'. 

Public debt and gaaranteed obligation* • 

Composition of the public debt 

Becelpts and eipenditurea on account of public debt 

Compoeltlon of the public debt and guaranteed obligation. 

Debt position of the United States ?»df,;:J°"*»'^^^"P°"* "' 
. Secilon ai of the Second Uberty Bond Act, as anendfid. 

June 30. 19l*2-..- ]] 

September 30, IW 

December 31, 19'^^ 

Kerch 31. 19'*3 

Computed rate of Interest on the debt: 

Publl c debt • • 

Public debt and guaranteed obligations. 



Apr. Kar. Tab. Jan 



Maturity schedule of IntereBt-beerlng public ""^"^^^^^l' "^"'" 
Issued or guaranteed by the United States, as of month-end 

preceding month of publication 

Offerings of Earketable issues of Treasury bonds . notes, and 
certificates of Indebtedness beginning with: 

January 1 , 1938 .,,...... 

January 1, 1939 

Offerings of Treasury blUs beginning with: 

April 1 . 19'*! v.'.'.'.'..... 

May 1. 19'*! 

June 1, 19'*! 

July 1. ig"*! '.'.'.'.'.... 

August 1, ig'n 

September 1 , Vi^^ \ 

October 1, ig**! 

Hoveober 1, ig**! 

December 1, WUl " 

January 1, 19'*2 

February 1. •IS'^S • '_ 

March 1, 13^2 

Sales of United Stctes savings bonds: 

l^r^;p!rt:rby'..ri;s; • ;i;;;i f i;i'b;-i;;;i^^uo;: : : : . : 

laes r:'ported b^ series, classified ^ type of purchaser .... • 
Sales reported by series, classified ^ "**'•;•■••;•;:: ll^^. 
Participation in payroll sarlnge plans for °°^*«^_^*^*''.'_^'. 

bonds 

Sales of United States savings stanps: 

Sununary ' 

OrosB sales, classified by denomination. 

Hedeoptlona. classified by means of payment 

Oroes sales, classified by States 

Sales of tax series Treasury notes: 

irr^ep^t:ri;'ser;e.: ■ iiassifiei'by- ^n;mina;ion: ::.:::::::: . 

•ISe^ rt^ortod by series, classifl^ by type of p^^ser 

Sumption, by series, classified by mean, of payment 

VI. n-n»rHhl p Of Oovernme nt aecurltieB 

-^:;^ distribution, by holders, of securltie. l.eued or P-^""*''* 

by the United State* 

Market transactions in Ooyemment -ecurltle. for Tr.aray Investm^t 

accounts, monthly beginning January 1937 

9,„„„UTr data from Trea«ry «^.y of the o«.r.hlp of Oovernment 

securities; 

March 31. 19'*2 

April 30. ^3^2 

Hay 31. 19'*2 

June 30. ig"*? 

July 31. igl^Z 

August 31. 19'*2-; ; , 

September 30. 13K 

October 31. 13'^S 

Hovetnber 30, igl^S 

December 31, IW 

January 31 . ^SV 

rebruary 28, 19't3 



30 



Dee. Hot. Oct. Sept. Aug. July June May 



31 28 



32-33 



3'* 



33 



29-30 



25 



26-27 



31 



28 



25 



22 



23 



22-23 23-2U 

Ui Ual 



20-21 

39 



31* 25 25 26 27 25 



35-36 



37 



35 

36-37 
38 



32 



26-27 



28 



26-27 



27-28 



29 



33-3^ 30-31 
35 32 



39-Uo 
hi 

1*2 

ks 

U2 

1*3 

U6 
U7 



36-37 
38 

39 
39 
39 
Uo 

Ul 
U2 
"+3 
l»l* 



33-3'* 
35 



38 



39-iw 
1*1 



28 



29 



2U 



Ul 1*2 



28-29 



29 



30-31 
32 



1*2-1*3 

i*U 



30-31 

32 



30 

29 



30 



31 



26-27 25-26 



33-3"+ 

35 

36 

36 
37 

38 
39 

1*0 

1*1 



33-3^ 
35 

36 
37 

38 
39 



28 



29 



39 



25-26 22-23 



2U 



27 



28 



31-32 

35-36 
37 



36-37 



30-31 29-30 
32 31 



27 



28 



25 



50-55 



1*3 U5 
1*3 1*5 



U7-52 



W*-i*9 



{Continued on following page) 



53-58 



1»1*-149 



i*i*-i(9 



1*6-51 



38 

39 
39 
39 
1*0 

1*1 
1*2 



1*7-52 



33 
3U-35 

36 



32 

33-3^ 



29-30 
31 
32 

33-35 



26-27 

28 

29 

30-32 



37 
37 
37 
38 

39 
1*0 
1*1 
1*2 



1*5-50 



35 

35 

36 

37 
38 
39 
1*0 



>*3 
'*3 

Ui*Jit9 



1*1* 
1*1* 

U5^50 



33 
33 



36 
37 
38 



1*1 

1(1 

i*2-U7 



Bulletin of the Treasury Department, April 1943 
Cumulative Table of Contents - (Continued) 



'II- Prices a nd yields of Government securities (includ ing seourl- 

tles Issued by Federal aRenclesF" 

Over-the-counter closing quotations and price history for public 
marketable securities issued by the U. S. GoTernment and by 
Federal agencies, as of: 

The 15th of the month of publication 

The month-end preceding month of publication !!!!'.!!!.'.' 

Chart showing yields of indirtdual Issues of Treasury bonds and notes.. 
Average yields of long-term Treasury bonds and high-grade corporate bonds:! 

Discussion of composition of averages 

Yields beginning with: 

January 19 3** 

January 1935 [[\[ 

:il- Government corporations and credit agencies of the United St ate 
Assets and liabilities and proprietary interest: 

March 3I, 191+2 

April 30, 191+2. 

.May 31 , 191+2 ][ 

June 30, 191+2 

July 31, 191+2 \''[ 

August 31, 191+2 •.."'.'.".'.'"'.!!.!!!.'.'.'.".' 

September 30, I9I+2 .*.'.' 

October 31 , 191+2 ." i !.'."!'.'!!!!!!!."!.*!!!! ! 

November 30, I9I+2 | 

December 31, 19I+2 *.'.!!!!! !i!'.!i" 

January 31 . 19'+3 ...!!.*.'!! 

February 28 , 191+3 " " 



Issue and page number 



I9if3 



Apr. 



Sources and uses of funds: 

Fiscal year to date 

From inception of organization 

Amount of obligations outstanding guaranteed Ty the United States 
by agencies ' 

Financing operations In securltieB guaranteed by the United States 
beginning with I93I+ _ ' 



■X. Internal revenue stat istics 
Collections of internal revenue: 

Summary data 

Comparative details for current periods. 



X- Sold and sliver stat istics 

Bold assets and liabilities of the Treasury 

Increment from reduction in weight of gold dollar, cumulative to: 
December 31 , 19!+! 

June 30, 191+2 ^ . i .!!'!!! I !!!!!!! ! 

September 30, 191+2 ..'.'.'..'.".'.'. - 

December 31, 1942 '.'.'.'.'...'.'. 

March 31, 191+3 .'.'.'.'!.'!.'!!.*!.".*.'!! 

Treasury gold receipts, for recent qiaarterly periods 

Monetary stocks of gold and silver 

Components of silver monetary stock 

Silver of specified classifications acquired by mints and assay offices. 

Seigniorage on silver, by types 

Silver production, by countries 



!• Other Treasur y statistics 

Balance sheet of the Exchange Stabilization Fund: 

March 31, I9I+2 

June 30 , 191+2 ' ' . , 

September 30, 191+2 !!!!!!! 

December 31, 191+2 .".'!!.'!.'!.*!! 

^^^Oapltal movements between the United States and foreign oountriea. 



te: 



57-59 
60 

61 



Mar. 



Feb. 



62-63 



57 



58-59 



51-53 
54 



Jon. 



191+2 



Deo. 



55-56 



65-66 

67-68 
69-70 

27 



61-62 



63-6I+ 
65-66 

25 



72-73 
7^* 



76 



58-59 



60-61 
62-63 

22 



60-62 
63 



6U-65 



51-53 

5^ 



Nov. 



51-53 



55-56 



-69 65-66 
70 67 



72 



76 



67-68 



69-70 
71-72 

30 



5k 



55-56 



Oct 



53-55 



56 



Sept 



5>*-36 



57 



58-59 



6o-6i 
62-63 

22 



7l+_75 65-66 65-66 
76 67 67 



80-81 
82 



IVTolll sSoZn'^' " '' '""^'"^''^ *^** **^^ '^S-- -« — ^e* to a 



76 



69 



78 



78 



73 



82-83 
81+ 



58- 



60-61 
62-63 



57-58 58-59 56-57 



60-61 



Aug. 



52-51+ 



55 



July 



June May 



51-53 



^ 



61-62 



62-63 
6I+-65 



69 



76 



69 



69 
69 

9-70 
71 
71 

72 

72 



67-68 

69 



71 



55-56 



59-60 



52-51* 



55 



1+9-51 



52 



56-57 53-5I* 



58-59 



63-61+ 61-62 
65-66 63-61+ 



2i+ 



71+ 



71-72 
73 
73 
71* 
71* 



76-77 



6S-69 
70 



75 



22 



66-67 
68 



70 



59-60 



60-61 
62-63 

61* 

61+ 



66-67 



56-57 



78 



75-76 
77 
77 
78 
78 



70 



70 
7&-71 
72 
72 
73 
73 



70 



70-71 
72 
72 
73 
73 



75-76 



61-62 
63-6I* 

65 
65 



67-68 
69 



71 



71-72 
73 
73 
71* 
7"+ 



58-59 
60-61 

62 

62 



6I+-65 
66 



77 76 



73 



given unit, the details will not necessarily add to 



I^tt* 



SPEC lAL ARTICLES 



-1- 



m 



comparison of Various I^atures of Treasury Securities Offered to the Public 
During the Second War Loan, April 1043 




Interest. 



Accrues to prorlde 
approximately 2.9^ com- 
pounded semi-annMally If 
held to Baturlty: lesser 
yields If redeemed at 
earlier dates 



Accrues to proTlde 
e5)proximately 2. 53^ com- 
pounded semi-annually 
if held to maturity; 
lesser yields if re- 
deemed at earlier dates 



aj^ per annum, paid 
semi-annually. Hedemp- 
tlon values cut hack 
below 100 to proride 
lesser yields if re- 
deemed hefore maturity; 
hut redeemahle at par 
In event of death 



Accrues at rate of 

l5 cents monthly per 

$100 principal amount 

(approximately 1.92? 

per annum) if used for 

payment of taxes; 

otherwise none 



00 plus accrued Interest 
1/ 



Accrues to provide 
approximately 1.07^ com- 
pounded «eml-annually if 
held to maturity; lessar 
yields if redeemed for 
cash or tendered in pay- 
ment of taxes at 
earlier dates 1/ 




(Continued on following page) 



Comparison of Various Features of Treasury Securities Offered to the Public 
During the Second War Loan, April 1943 



rastru-a 


Other securities offered during April igUj 6/ | 


Treasury bills 


7/85f certificates 


2)( bonds 


2-l/25{ bonds 


Issue date 


Weekly 


April 15, igljj 


April 15, I9U3 


April 15. I9U3 


Maturity 


91 days 


April 1, 19l(J* 


Sept. 15. 1952 


June 15, 1969 


Issue price 


On discount basis at jirlces 

determined by competitive 

bidding 


100 plus accrued Interest 


100 plus accrued Interest j/ 


100 plus accrued Interest jj 


Maturity value 


100 


100 


100 


100 


Interest 


Accrues to par from discount 

pdoe detanslned by cOBpatltlTe 

bidding 


7/S56 per annum payable seml- 
annually 


2$ per annua payable seal- 
annually 


2-l/256per animm payable semi- 
annually 




CallaMllty by 


Hone 


Kone 


Sept. 15. 1950 


June 15, I96U 




Eedeematillty >y 
ovner prior to 


Bone 


Hone 


Hone 


Hone, except that bonds owned 
by decedent at time of death 

are redeemable at par and 
accrued Interest for the pur- 
pose of p^lng Jederal estate 
taxes 




Begotiakllity 


Complete 


Complete 


Complete 


Transferable, but coinnerolal 

banks may not purchase until 

April 15, 1953 y 


Sliglblllty as col- 
lateral for loans 


Complete 


Oomplsta 


Complete 


Complete 


Bearer or regis- 
tered 


Bearer - no coupons attached 


Bearer - coupons attached 


Bearer - coupons attached, or 
registered 


Bearer - coupons attached, or 
registered 




Class of purchasers 
who asy su'bscrl'be 


All 


All 


All 


All except commercial banks 1^ 


Limit on innr^a^ 
porchaSM 


Hone 


Hone 


Hone 


Hone 


Mlnlunm danomina- 

tlOB 


$1,000 


♦1.000 


♦500 


♦500 




Method of offering 
to nonbanUng In- 
Testors 


By revest for tenders 


By cash subscriptions allotted 

In full; books open April 12 

until close of drlre 


By cash subscriptions allotted 

In full; books open April 12 

until close of drive 


By cash subscriptions allotted 

In full; books open April 12 

until close of drive 




Method of offering 
to eoDjiierclal 
banks 4/ 


By request for tenders 


By cash subscriptions allottad 

In full up to f 100, 000, with 

fractional allotment on larger 

subscriptions so that total 

allotments will equal about 

♦2,000,000,000; books open 

April 12-ll> 


By cash subscriptions allotted 

In full up to 1100,000, with 

fractional allotment on larger 

subscriptions so that total 

allotments will equal about 

$2,000,000,000; books opan 

April 28-30 


Hot offered 





2/ 



If Inscribed In the name of a bank accepting demand deposits, 
cash payment at or before maturity will be made only at par. 
However, If a note Is acqdlred by any such bank through for- 
feiture of a loan, cosh payment will be made at par plus accrued 
Interest to the moat In which so acquired. 

The notes may be transferred by a corporation to its subsidiary 
providing that It owns at least 50 percent of the stock with 
voting power of such subsidiary. 

These notes are not registered but the name and address of the 
purchaser are inscribed thereon. 



Ji/ A commercial bank is defined for the purposes of this table as 
one which accepts demand deposits. 

5/ This limitation applies separately to husband and to wife on a 
Joint return, and to an owner before death and to his estate 
for the balance of the saju year. 

6/ Bxcludes offering on April 20 (outside of the Second War Loan,) 
of a 7/g^ one-year certificate of Indebtedness, in exchange for 
securities maturing on May 1. 

1/ On individual subscriptions of $1,000 or less, no accrued in- 
terest will be charged during the period of the drive. 



Mi^ 
wB^ 



SUMMARY OF FISCAL STATISTICS 



-6 



Reoipta: 
Internal revenue: 

Income and profits taxes ^ 

Aoployiiient taxes 

Mltcellaneous Internal reTenae U/, 

Cttstoot 

Other receipts 



Total receipt* 

less: 

Amovrnts transferred to Federal Old-Ago 
and SuTTlTora Insurance Trust Fund ^ . 

Post-war credits for excess-profits tax, 
Tlctory tax, etc 



Bet receipts 

Expenditures: 6/ 
War actlTltles: 

War Department 

Navy Department 

Hiseellaneous war actlrlties 7/. 

Total war actlTltlee 



Veterans' Administration g/ 

Public Works 3/ 

Aid to apiculture 10/ 

Social Security program 12/ 

Direct and work relief: 

Work Projects Administration and 
National Youth Administration \}J 

Federal Emergency Relief Acmlnistration 

and ClTll Works Administration 

OlTlllan Conservation Corps 

Interest on the public debt 

Other ll»/ 



Total expenditures 6/. 
Net budget deficit 6/... 



Budget Receipts and Expenditures 

(In millions of dollars) 



First 9 months, 
fiscal years igUl to I9U3 



ig"*! 



igUs 



2, 1*15 

6S7 

2,201* 

263 

279 



5.81*8 



5.322 

881 

2,97't 

299 

201 



19U3 



Change 

19U2 

to 

191*3 



9.678 



1+76 



5.372 



2,191 

1.1*65 

ITU 



629 



10.31*9 
1,111 
3.1*95 

222 
31*1 



15. 519 



+5.027 

+230 
+521 

-77 
+11*0 



Actual 



Complete fiscal years, 191*0 to igUl* 



191*0 



+5,81*1 



9.oi*9 



3.830 
1*11* 
593 

8l*7 

1*76 
1.033 



198 
6s6 

61*9 



8.619 
it.863 
1,903 



8,726 



3.35^ 



15.385 
1*15 
517 
986 
511 



766 



800 



It. 719 



31.257 

13.556 

5.761 



+171 



+5.670 



138 
771* 
608 



20, 160 



11,112 



50,571* 

^53 
1*1*1* 

878 
588 

278 



-3 

1,068 

671 



+22, 638 
+8,693 

+3.858 



191*1 



2.125 

833 

2,31*5 
31*9 

273 



5.925 



19U2 



3.1*70 
925 

2.967 
392 

515 



8,269 



53s 



+35.189 

+38 
-73 

-108 
+77 



-1*88 



5^.951 



1*0,232 



Dally Treasury Statements, except as noted. 
Estimates as shown In the 19!*!* Budget. 



-ll+l 

+291* 

+3 



5.387 



557 
891 

99 



661 



7.960 

1,186 

3.81*7 

389 

286 



13.668 



869 



7.607 



12.799 



3.678 

2.313 

310 



1.657 6,301 



+31*. 791 



+29,120 



Source : 

1/ _.. 

2/ Does not Include proposal for $16,000,000,000 additional funds from 



557 

950 

1.559 

513 



1.572 



283 
,01*1 
866 



563 
738 
93711/ 
588 

1.371* 



257 
1,111 

81*1 



ll*,070 
8,580 
3.362 



8,99s 



3.611 



12.711 



5.103 



new legislation for the fiscal year 191*1*. 
3/ Includes unjust enrichment tax and victory tax. 
y Includes chiefly alcoholic beverage taxes, tobacco taxes, manufac 

turers' and retailers' excise taxes, and estate taxes. 
5/ for explanations, see tables in next chapter on Social Security 

program . ' 

6/ 



10/ 

11/ 
12/ 



26,011 

556 

680 

1.225 
659 



970 

163 

1.260 
873 



32.397 



19.598 



Estimated 1/ 



191*3 



17,571 

1.1+62 

t.516 

253 

751 



2l»,552 



1,076 



500 



22,976 



1*1+, 000 

17.500 
12,500 



7l*,000 

617 

666 

1,11*2 

755 



300 

16 
1.S50 
1,036 



80,1*32 



57.1*56 



191*1* 
2/ 



27.61*5 

1.971 

I+.936 

20I* 

651 



35.1*07 



1.525 

800 



33.081 



62,000 

22,000 
13.000 



97.000 

885 

1*03 

1.015 

786 



3.000 
1.035 



10l*,12l* 



71.01*3 



Change 



Actual 

191*2 to 

estimated 

191*3 1/ 



+9.611 
+276 
+669 
-136 
+1*65 



+10,884 



+207 
+500 



+10,177 



+29.930 

+8,920 
+9.138 



+1*7,989 

+61 
-11* 
-83 

+96 



-670 

-11*7 
+590 
+213 



+1*8,035 



+37.858 



Estimated 

191*3 to 
estimated 
191*1* 1/ 2/ 



+10,071* 

+509 

+1*20 

-1*9 

-100 



+10,855 



+1*1*9 
+300 



+10,105 



+18,000 

+i*,500 
+500 



+23,000 
+268 

-263 
-127 
+31 

-300 

-16 

+1,150 

-51 



+23.692 



+13.587 



2/ 
5/ 

2/ 



Excludes expenditures for public debt retirements which are charge- 
able to the slnidng fund, etc. under special provisions of Jaw. 
Includes expenditures made ty Office for Emergency Management, War 
Manpower Commission (U. S. Employ^uent Service). =ee euL, »ar 

Includes expenditures classified as traasfers to trust accounts, 
s.^;. M , •'""*^* Service Certificate Fund and the National 
Service Life Insurance I\ind. 
Includes Public Works transactions classified as Revolving Funds (net). 



12/ 
11*/ 



Includes Aid to agriculture transactions classified as Revolving Funds 
Uet; emendlturee of the Department of Agriculture classified as 
Departmental in the Dally Treasury Statement, and Agricultural 
Marketing Administration transactions classified as transfers to 
trust accounts, etc. 

Represents gross expenditures of $1,252 millions lees repayments of 
U. S. investments in capital funds aggregating $315 millions. 
Includes expenditures classified as transfers to trust accounts, etc. 
for the Railroad Retirement Account and the Railroad Unemployment 
Insurance Administration Fund. Excludes expenditures made by Office 
for Emergency Management, War Manpower Commission (U. S. Employment 
Service) under authority of the Social Security Act 
Beginning July 191*2 expenditures for National Youth Administration 
are shown under War activities. 

Includes departmental expenditures not otherwise classified and 
expenditures classified as transfers to trust accounts, etc., for 
irovernment employee retirement and Insurance funds 



Public Debt and Guaranteed Obligations Outstanding 

(In millions of dollarB) 



SeeMrltle« iBeued ty the Onlt ed Statee 
Interest-bearing dett: 



Public iBtniee: 

Marketable 

Non-narketable 

Total public iBBues 

Special iBsueB 

Total Intereet-bearlng debt. 



Matured debt and debt bearing no 
Interest 



Total public debt outstanding. 

Securities guaranteed by the 
United Stetes 'jj 

Interest-bearing debt: 

Public Issues: 

Marketable 

Bon-marketable 

Total Intereet-bearlng debt. 



Ind of first 9 months, 
fiscal years I9U1 to 1^1 



Mar. 31. 

I9U1 



37.05^ 
3.gUi* 



1(0,898 

5,683 



U6,581 
592 



1*7,173 



Matured debt 

Total guaranteed securities outstanding 

Total publi c debt and guaranteed 
securities outstanding. 



5.905 



5.905 

11 

5.916 



Mar. 31. 
19U2 



'*3.329 
11,278 



51*, 606 
7.333 



61. 91*0 

1*80 



62,1+19 



5,666 



5.666 

2U 



5,690 



Mar. 31. 
191*3 



53,088 68,109 



79.662 

2l*,622 



Change 
Mar. 31. 

191*2 to 
Mar. 31. 

191*3 



10l*,2gl* 
10,00l* 



111*. 287 
1.219 



115.507 



+36.333 
+13,31*1* 



+1*9 . 678 
+2,671 



.+52.3'*7 

+739 



+53,088 



End of fiscal years, 191*0 to igl*!* 



Actual 



June 30 1 
191*0 



1*,272 
78 



1*,350 
11 



i+,36o 



119,867 



-1,39'* 
+78 



-1,316 
-13 



-1.330 



+51.758 



3U.U36 
3,166 



37.602 
1*.775 



June 30 
191*1 



June 30 
191*2 



37.713 
'*,555 



1*2.376 
591 



1*2,968 



1*2,267 
6,120 



1*8.387 
571* 



50.573 
13.510 



Estimated 1/ 



June 30. 
19^*3 



June 30. 
191*1* 



Change 



Actual 
June 30. 191*2 
to estimated 
June 30, 191*3 
1/ 



Istimated 
June 30, 191*3 
to estimated 
June 30, 191*1* 
1/ 



61*, 083 

7.885 



1*8,961 



5,1*98 



5.1*98 
31 



5.529 



1*8,1*96 



6,360 



71.968 
1+5I+ 



72.1*22 



131*, 830 



6,360 
11 



6,370 



55.332 



i*,5i*9 



i*,5ii9 

20 



i*,568 



76,991 



ao,5U9 



2/ 



2/ 
2/ 



3.910 



i38,7'*o 



+62,1*08 



1,195 



211,71*5 



-658 



+61. 7^*9 



1/ 



2/ 
JL 



1/ 
1/ 



+75.719 



2/ 



2/ 
2/ 



-2.715 



+73.005 



Source: tolly Treasury Statement, except as noted. 

1/ Based upon estimates as shown in the 191*** Budget. 
2/ Details not available. 



ll Excludes guaranteed securities which were sold directly to the 



Treasury . 



Amount required to be financed: 



Het budget deficit 2/ 

Bet Increase in General Ftond balance.. 
Bet expenditures In truet accounts, 
increment on gold, etc. j/ 



Total amount required to be financed... 



Means of financing: 



Increase In public debt 

Het decrease In Oeneral Pond balance. 
Met receipts in trust accounts. 

Increment on gold. etc. j/ 

Total amount f 1 nanced 



Means of Financing Cash Requirements 

(In millions of dollars) 



riret 9 months , 
fiscal years I9UI to 191*3 



191*1 



3.35^* 
82l* 

27 



1*.205 



1*.205 



1*.205 



I9U2 



11.112 

859 

1,1*87 



13,1*58 



13,1*58 



13.1*58 



19U3 



Source: Dally Treasury Stetements. 

1/ Based upon estimates as shown in the ig"*** Budget. 
1/ Excludes amounts for public debt retirements which are charge- 
able to the sinking fund, etc. under special proTlsions of law. 



1*0,232 
1,188 

1,661* 



1*3.081+ 



1*3,081* 



1*3,081* 



191*0 



3,611 



3,611 



2,528 
9U7 

136 



3.611 



Complete fiscal years, I9U0 to \°i^ 



Actual 



I9UI 



5.103 
71*2 

ll*g 



5.99'* 



5.99'* 



5.99'* 



191*2 



19.598 
358 

3.506 



23.1*61 



23,1*61 



23,1*61 



Estimated 1/ 



191*3 



57.'*56 
5.053 



62.510 



191*1* 



7I.OU3 
'*.739 



75.782 



62,1*08 
102 



62.510 



75.719 
63 



75.782 



3/ Comprises trust accounts, checking accounts of OoTernment agencies. 
^ etc . increment on gold, seigniorage on sliver, and miscellaneous 

funds and accounts. Increment on gold excludes expenditures for 

national bank note retirements. 



iJ 77K- 



f 



RECEIPTS AND EXPENDITURES 

AND 
APPRO PRI AT IONS 



-9- 



10 

Appropriations and Net Contract Authorizations for the War Activities Program 

As of March 31, 1943^ 



Data 
approT«d 



Mar. 25, 


1<^ 


Apr. 18. 


19^*0 


May lU, 


19W> 


June 11 . 


19»tO 


June 13. 


i9'»o 


June 18, 


19»«0 


June 2U, 


iguo 


June 26, 


19UO 


June 26, 


191*0 


June 27, 


i9'*o 


July 18. 


19UO 


July 19, 


191*0 


Sept. 9. 


igito 


Sept.2U, 


191*0 


Oct. 8. 


191*0 


Oct. 9 


191*0 


Oct. lU. 


19140 



Jan. 31, 

Teb. 6. 

Peb. 13, 

Mar. 1 . 

Mar. 17. 

Mar. 27, 



Apr. 
ipr. 
May 
May 
May 
May 31. 
June 28, 
June 28, 
June 30, 
July 1. 
July 3. 
Aug. 25. 
Oct. 28, 



I9UI 
191*1 
191*1 
191*1 
191*1 
191*1 
191*1 

igui 
191*1 
191*1 
19U1 
191*1 
19U1 
191+1 
191*1 
191*1 
191*1 
191*1 
19U1 
191*1 



Dec. 17, 191*1 
Dec. 23. 191*1 



Jan. 30. 


191*2 


Tab. 7. 


191*2 


?eb. 12. 


191*2 


Tab. 21, 


191*2 


Mar. 5. 


191*2 


Apr. 28, 


I9U2 


Apr. 28, 


191*2 


June 5> 


191*2 


June 19, 


191*2 


June 23, 


191*2 


June 27, 


191*2 


July 2, 


191*2 


July 2, 


191*2 


July 2, 


191*2 


July 2. 


191*2 


July 2, 


191*2 


July 2. 


191*2 


July 2. 


191*2 


July 25 


191*2 


Aug. 6 


191*2 


Oct. 26 


191*2 



Public 
I«v Bo, 



Title of act 



76th Congreaa. Third Seseion 



Ult2 
1*59 
5O8 
588 
611 
61*0 
653 
667 
88 3/ 

668 

91*2/ 

757 
781 
99 2/ 

800 
812 
1062/ 



U 
5 
6 
9 
13 
23 

25 
28 
29 
U« 
71 

73 

88 

135 
136 
13? 

1U6 
150 
2U7 

282 



353 
371 



1*22 
W*l 
1*52 
1*63 

U7i* 
527 
528 

616 
(el 

m 

9*5 
61*6 
6U7 
6U8 
6U9 
650 
678 
700 
763 



Treaeury Departnent Appropriation Act, 191*1 

Independent Offlcee Appropriation Act, 151*1- •••••••• •;•;• 

Departaent of Juetice impropriation Act, 19l*l (Title III) 

HaTy Departnant Appropriation Act. 19l*l 

Military Appropriation Act, I9W • 

Interior Departaent Appropriation Act, 191*1 

War Department ClTil Appropriation Act, 191*1 •••■ 

CiTil ActlTltiee Hational Defense Appropriation Act, 19'*1 

toergency Eelief Appropriation Act. I9UI (refugee relief) 

Second Deficiency Appropriation Act, 191*0.. 

Public Heeolutlon (War Blek Insurance fund) 

Public Law (naTal expansion progran) ,' ' ' ' I ' I ' ',' Ai'.i ' 

Second Smjplemental Hational Defense Appropriation Act, l'"*!- •■••••-••• ••• 

Public Heaolutlon (War Department - military posts and acquisition of land) 

Third Si^plamental Hational Defense i^ropriation Act , 191*1 

rirst Si^plemental Civil runctions Appropriation Act, I9W 

Public Resolution (national defense housing) 

Total, 76th Congress, Third Session 



77th CoBgreas, first Session 



Total, 77tli Congress, Tirst Session. 



77th Congrese. Second Session 



Appropriations 



^'et contract 
authorisations 2/ 



$ 53.965.035 

11*9,500,000 

2,1*88,000 

1,308,171,138 

1,499,323,322 

U95,000 

15,000,000 

1,U7U,901,057 

50,000,000 

17,656,900 

1*0,000.000 

2,1*97.016.392 
338,263.902 

1,323,1*1U.082 

1U8.821,000 

75,000,000 

$ 8,99l*.015,828 



Public Law (naTal expansion program) • ^ 

Joint Resolution (emergency ship construction) • 

Joint Resolution (clothing and equipage - War Departmant) 

Urgent Deficiency ^propriatlon Act , 191*1 • • • •••:,•• 

Jourth Sxqjplemental Hational Defense Appropriation Act , 19H1 

Defense Aid Supplemental impropriation Act, 19^1 

Plrat Deficiency Appropriation Act , 1941. 

Independent Offices Appropriation Act. 1942 • • • • 

Fifth Supplemental Hational Defense Appropriation Act, ig'H 

Ha-»y Department Appropriation Act , 191*2. 

War Department Civil Appropriation Act , 19^2 • • 

Additional Urgent Deficiency Appropriation Act, 1941 

Treasury Department impropriation Act, 1942. ■"l."";!:' 'iAii; 

Departments of Justice, State and Comnerce Appropriation Act, 1942 

Interior Department Appropriation Act, 191*2 

Military Appropriation Act, 19^2 ••• • 

Labor - lederal Security Appropriation Act, 1942 

Second Deficiency Appropriation Act, 1941 :'"y:":o{,'~ 

?irst Stqpplonental Hational Defense impropriation Act, 1942. 

Second Supplemental Hational Defense Appropriation Act. 1942: 

(Title I) 

(Title II) • • • • yy'';' 

Third Supplemental Hational Defense Appropriation Act, 1942... 

Joint Resolution (War. Philippine relief, and defense housing) 



313. 

175. 

6, 

1.376 

7,000 

111* 

399 
2,293 
3M5 

168 

62 

129 

2 

10,381* 

173 

998 

6,580 



500.000 
000,000 

01*7,775 
M6k.6o2 
,000,000 

,U58.1t68 

,360.000 

,227,920 

,521.750 

,920.370 
,556,000 
.193.150 
.227,750 
035,000 

,821.621* 

,168,500 
,891*, 561 

,012,1*1*8 



5,985,000,000 
159.005,585 

9,112.021,91*7 
510,000,000 



$ 1*9.396,1*37.1*50 



fourth Si^^lemental Hational Defense Appropriation Act, 19l*2 

Haval Appropriation Act , 191*3 §J • 

Joint Resolution (financial aid to China) 

first Deficiency Appropriation Act, 1942. :'l"iki,L 

fifth Supplemental Hational Defense Appropriation Act, 1942 

War Department Civil Appropriation Act, 1943 •• 

Sixth Si^plemental Hational Defense Appropriation Act, 1942 

Joint Resolution (War Risk Insurance fund) 

Joint Resolution (education and training) I" : ' 'JAi'.i'v/' '■ 

Seventh Supplemental Hational Defense Appropriation Act, 1942 JJ... 

Independent Offices Appropriation Act. 1943. I •:; " * ■;i;",'Qui' 

Departments of Justioe, State and Commerce Appropriation Act, 1943, 

Department of the Interior Appropriation Act, 1943 

Public Law (federal Works Agency - public roads) 

Labor - federal Security impropriation Act, 1943 

Second Deficiency Appropriation Act, 191*2 

Military Appropriation Act. 19l*3 ■•.":' 1' 'yai,'-, 

War Housing and Public Works Appropriation Act. 194Z • 

first Supplemental Hational Defense Appropriation Act, 1943 

Public Law (public works - Havy) :i'."",'l."',;^',',"a)"' 

Second Supplemental Hational Defense Appropriation Act. 1943 8/... 

Total, 77th Congress, Second Session. 

(Continued on following page) 



12.525. 

23.738. 
500 
135 

30.1*12, 

57 

18,932 

210 

9 

655 

1.052 

261 

8 



872,1+71* 
865.1*71* 
000.000 

,203.321 
.737.900 

,886,985 
,121*. 093 
,000,000 
,500,000 
,071*, 71*0 
,812.00U 
,908,180 
977,370 



227,726,861* 

10.1*15,078 

1*2,820,003,067 

32,500,000 

1,845, 231*. 990 

6,299,361,1*1*8 



n39. 736,203,988 



t 1.859.717.1*16 r U/ 



$ 1,859,717.1*16 r 



t 1*00.000.000 U/ 

58,000,000 U/ 



600.000,000 3/ 
ifio. 150.000 p 



$ 1,158,150.000 p 



$ 1»,100,000.000 r !*/ 

1,375,206.072 r 
UO, 1*00, 000 r 



3,112,500,000 kj 
90,000,000 



110,000,000 



676,331*. 000 r 

9,510,000,000 u/ 

♦19, oil*, 1*1*0,072 r 



11 



Appropriations and Net Contract Authorizations for the War Activities Program 
As of March 31, 1943^- (Continued) 



Qat« 
approved 


Public 
Law No. 


Title of act 


Appropriations 


Net contract 
authorizations 2/ 


78th Congress. First Session 


Mar. 2. 191+3 
Mar. 18. 191*3 
Mar. 31. I9I+3 


3 
11 
20 


Urgent Deflciencj' Appropriation Act, 191+3 

First Deficiency Appropriation Act. I9I+3 

Supplemental NaTel Appropriation Act, 191+3 

Total, 78th Congress, First Session 


$ . 21,160.000 
U,062.7Ua.98l* 2/ 
3.836,176.119 10/ 


$ 2,173.719.51*5 
1*1*9,71*0,1*00 




$ 7.920,085,103 


$ 2. 623. 1+59. 91+5 




Pending 11/ 

War Dopartmont Ci-iril Appropriation Bill . 191+1+ 

Independent Offices ^proprlatlon Bill, 191*1+ 

Farm Labor Appropriation Bill, 191+3 




$ 833.1+83 

1.395.013.569 

26,100,000 


$-1,377,780,000 12/ 




$ 1,U21, 91*7, 052 I3J 


$-1,377,780,000 12/ 






Summary 






Total, 76th Congress, Third Session 

Total , 77th Congress , First Session 


$ 8,99^.015.828 

1+9.396.1*37,1*50 

139.736.203,988 

7,920,085,103 

102,081*, 501* 


$ 1,859.717.1+16 r 
1.158,150,000 r 
19. OII+, 1+1*0, 072 r 
2.623.1+59.91+5 




Total , 77th Congress , Second Session 




Total, 78th Congress, First Seselon 

Permanent appropriations and net transfers from other than war activities 
appropriations II+/ 




$206,11+8,826,873 

1.1+21,91*7,052 

-1+67,872,81*6 


$2U, 655. 767.1+33 
-1.377.780.000 12/ 




Total pending, 78th Congress. First Session 




Liquidations of 191*0 and prior contract authorizations 




Total approved and pending 




$207,102,901,079 


$23,277,987.1+33 



r Bevised. 

1,' Consists of appropriations and net contract authorizations available on 
and after July 1. 191*0. Excludes: (l) authorizations of the Recon- 
■truetion Finance Corporation and its subsidiaries for war purposes, and 
(2) unexpended balances of appropriations on June 30. 19I+O available for 
expenditure in the fiscal year I9IH. 

2/ Contract authorizations have been reduced by later appropriations which 
were earmarked in authorizing acts for this purpose. 

3/ Public resolution number. 

5/ Unappropriated contract authorizations for the naval expansion program 
are as follows: 

Public No. 757 (Estimated) $ 1.859.717.1+16 

1+ UOO.OOO.OOO 

13 58.000.000 

1+Ul 1+. 100. 000. 000 

626 ( Estimated) 2 .962 .5OO ,000 

763 (Istlnated) 9,510.000,000 

$18.890.2I7,Ul6 

5/ Bepresents the net amount of contractual authority that the President may 
authorize the head of any department or agency of the Government to enter 
into for the procurement of defense articles. Information or services for 
the government of any country whose defense the President deems vital to 
the defense of the United States. 

6/ Includes $9,693,525,500 appropriated for the fiscal year 191+2. 



1/ 



10/ 



12/ 
U/ 

lU/ 



Includes $650,000 for the fiscal year I9I1I and $209,1*1+0,000 for 
the fiscal year 191+3, of which $1*1*0,000 was made immediately 
available. 

Includes $7,851,1*60 appropriated for the fiscal year 19l*2. 
Includes $963 . 719 .5'*5 f" liquidation of prior contract authori- 
zations, and $3,076,280,1+55 for liquidation of contracts made 
available in this act. 

Includes $1,225,300,000 for the liquidation of prior contract 
authorizations. 

Pending appropriations, as used herein, represent war legislation 
reported from the Committee on Appropriations to the floor of the 
House. 

Represents pending liquidations of contract authorizations. 
In addition. Public Law 19, approved March 26, 191*3, authorizes 
the appropriation of $1,256,607,000 for naval public works. 
Includes actual transfer of balances of the Bureau of Marine In- 
spection and Navigation from the Department of Commerce to Coast 
Guard, Navy, in the amount of $1,153,802 in accordance with 
Executive Order 9O83 , dated February 28, 19l*2. Also includes 
$2,61*1.560 received as war contributions under authority of the 
Second War Powers Act; deposits of advance payments made by 
foreign gov.ernmenta to the Defense Aid Special Fund for the pro- 
curement of defense articles amounting to $32,281*, 626, and de- 
posits of $3,918,500 to compensate owners of foreign merchant 
veesela acquired by the Covernment of the United States in 
accordance with section 902 of the Merchant Marino Act of 1936. 



12 



Budget Receipts and Expenditures 
Table 1.- Summary by Major Classifications 



(In ■illloni of dollar*) 



ri*c«l y»ar 
or aonth 



1933 

193>» 

1935 

1936 

1937 

1938 

1939 

iS&o 

W'n 

19U2 

igUa-March 

ippll 

KV 

Juna 

JtiIj 

August 

Septealwr. 

October. . . 
BoTenbor . . 
Decenbcr. . 

19l»3- January . . . 
Te\>raaTj. . 
March 



Receipts 



Oroee receipts 



Total 
receipts 



2.080 
3.116 
3. SCO 
U.II6 
5.29>* 
6.2U2 
5.668 
5.925 

8.269 

13,668 
3.5»« 

732 

76U 

2. Its'* 
79U 

797 

2,528 
6U8 
830 

2.702 
821* 

1.190 

5.207 



Internal 
revenus 

2/ 



I.60U 
2.6UI 
3.278 

3.513 

U.597 
5.67'» 
5,161 
5.303 
7.362 
12.993 

3.'*93 
68U 
7O8 

2,U2U 

7't2 

7U8 

2,»t76 

603 

78ii 

2.6U9 

72<» 

1,075 
s.is"* 



CustoBS 

2/ 



251 
313 

31*3 

387 
U86 
359 
319 
31*9 
392 
389 

33 

32 
30 
28 

2U 
22 
20 
2U 

II 

32 



other 
receipts 



Lese net amounts 

transferred to 

Tederal Old-Age 

and SurrlTors 

Insurance Trust 

Fund k/ 



225 
162 

179 

216 

210 

208 
188 
273 10/ 

515 11/ 
286 VJ/ 

22 

16 

26 

U2 

28 

26 

31 13/ 

20 

22 

28 

75 
89 
21 



265 

387 
503 
538 
661 
869 



37 
201 

1 

'♦7 

209 

1 

kl 

229 

1 

35 

235 

1 



Het 

recalpti 



2.080 
3.1X6 
3. 800 
U.II6 
5.029 
5.855 

5.165 

5.387 

7.607 

12.799 

3.5^7 

695 

563 

2,1*92 

71*7 
587 

2.527 
607 
601 

2,701 

788 

955 

5.20b 



Total 
expenditures 



Source: Bally Treasury Statements. 
• Less than $500,000. 

Ixcludes amounts for public debt retirement which are cbarge- 

abl* to the sinking fund, etc. under special prorlslons of law. 

Tor further details, ses Table 2. 

7or further details, see chapter on Customs Statistics In 

December 19'*1 "Treasury Bulletin". . . , o .♦, 

Tor explanation see tables which follow on the Social Security 

prograa. 

?or farther details, see Table 3. 

Tor further details, see Table U. ^ . ^ u/ .. c/ 

Tor further details, see Table 5- •'^•o •" footnotes i*/ and 5/. 

Total expenditures less net receipts. 

Sepresents expenditures for public debt retirements which are 

chargeable to the sinking fond, etc. under special prorisions 

10/ Incites partial return of sBonnts paid to the Commodity Credit 
Corporation for the restoration of capital impairment - 
$W» ■llllons- and the retirement of Treaeury inrestment in 
Tederal sarings and loan association shares - $10 millions. 



1/ 

i 

I 

2/ 



lir 



12/ 



3.861* 
6,011 
7.010 
8.666 
8.177 
7.239 
8,707 
8.998 
12.711 
32.397 

3,421 

3.753 
3.953 
H.SSO 
5.160 
5.215 
5.931 
5.937 
6,363 
6,500 

6.372 
6,U9 
7.35»» 



I:q)endltures 1/ 



Oeneral 

5/ 



War ac- 
tlTitles 

6/ 



2.981 
U.9O8 
5.900 
5.935 
6.U37 
5.86U 
7.221 
7.055 
6.215 12/ 

5.986 

591 
1*67 
393 
700 

'*13 

312 

5i*U 
1*01 

320 
65^ 

'3^ 
601 



680 

689 
900 
929 

1.029 
1.206 

1.657 

6.301 

26.011 

2.869 

3,238 
3,560 

3,829 
1*,U98 
l*,88l* 

5.381* 

5,'*81 
6,0l*2 
5,825 

5.9^7 
6,7i»»* 



Revolving 

funds 

(net) 

1/ 



Transfers 
to trust 
accounts, 
etc. 
1/ 



7U 
U96 
3U5 

11 
20U 
121 

92 

s** 

-136 12/ 
18 



-1 

1 



-3 

* 

-2 

-1* 

* 
1 

7 



129 
77 
76 

1.820 
6O8 
225 
187 
232 
331 
381 

22 

1*8 

• 

X 

2U9 

19 

5 
56 

3 
25 

35 
2 

1 



Set 
budget 
deficit 



8/ 



1.78U 

2.896 

3.209 

.U.55O 

3.1'*9 
l,38U 
3.5'»2 
3,6ix 
5.XO3 
X9.598 

-X26 

3.058 
3,39X 
2.037 

i*.'+X3 
U.628 
3,Uoi* 

5.331 
5,761 
3.799 

5,58;* 
5,161* 
2, 11*7 



PubXlo 
debt 

retire- 
ments 

2/ 



U62 
360 
57U 
1*03 
IQl* 
65 
58 
129 

61* 

95 

X5 

2 

2 
X 



12/ 



Includes recoveries of U. S. investments in capital funds as 
follows: Reconstruction Tinance Corporation stock retired - 
$175 mllllone; Tederal Home Loan Bank stock (resold to Hecon- 
Btruction Tinance Corporation) - $125 Billions; retirement of 
Treasury inveetmat In Tederal savings and loan association 
shares - $10 millions; sale to Beconatruction Finance Corpora- 
tion of bonda held by Public Works Adminlatration - $9 mllllona. 
Receipts from capital stock and paid-in surplae reductions that 
are available to be reissued under existing law are not re- 
flected under receipta, but rather are included aa negative 
items under expenditures. During the fiscal year ig"*!, reduc- 
tions in capital In this manner were as follows: Under general 
expenditures: Banks for cooperatlvea - $60 miXXlons. and 
Federal land banka - $100 millions; under revolving funda: 
Tederal Tarm Mortgage Corporation - $100 millions. Tederal In- 
termediate credit banks - $1*0 millions, and production credit 
corporations - U5 millloni; a total of $315 millions. 
Includes $18 mllllona in the fiscal year 191+2 and $10 mllllone 
in the month of September 19U2 repreaentlng partial return of 
amounta paid to the Commodity Credit Corporation for reatoration 
of capital Impairment. 



Table 2.- Analysis of Receipts from Internal Revenuei/ 



(In ■llllons of dollars) 



risoal year 

or month 



1933- 
19y+- 
1935. 
1936. 
1937- 
1938. 
1939. 
191*0. 
191*1. 
191*2. 



Total 



19l*2-Mareh 

April 

Mar 

Jua* 

July 

August .... 
September. 

October. . . 
Hovember . . 
December. . 

19 U3- January. . . 
Tebruary . . 
March 



laeea* 

and 
proflte 
taxes 2/ 



1.60l* 
2.6UI 
3.278 
3.513 
U.597 
5.67U 
5.161 
5.303 
7.362 

12,993 

3.U93 
68U 
708 

2.1*21* 
7U2 
71*8 

2,'*76 

603 

78U 

2,61*9 

72I* 
1,075 
5.15"* 



7U6 
818 
1.099 
I.U27 
2.163 
2.61*0 
2.189 
2.125 

3. 1*70 

7.960 

3.083 

335 
216 

2,086 

273 

155 

2.126 

206 

199 

1,972 

306 
380 

U.732 



Bq)loyment taxes 



Total 



Social security taxes j/ 



Tederal Insurance 
Contributions Act 
( Old-age insurance) 



253 

755 
71*0 
833 
925 
1.186 

U6' 
1*3 

222 

1*0 

53 

1*8 

21*8 
'*7 

'i 



191* 
511* 

6o>* 
691 

896 



39 
20I* 

1* 

1*9 

212 

3 

i*U 
231 

u 

37 

237 

3 



Federal Unemployment 

Tax Act 

(Unemployment insurance) 



58 

90 

101 

108 

98 

120 



3 

9 
1 

3 

8 
1 

3 
9 

1 

li* 

99 

3 



Carriers' Taxing 

Act of 1937 

(Railroad 

retirement) 



MiacellaneouB 
internal 
revenue 

!t/ 



858 
1,1*70 
1.657 
2,010 
2.181 



150 
109 


2.279 
2.232 
2.31*5 


121 


137 


2.967 


170 


3.8H7 


1*2 


36I* 


1 


305 


9 


270 


35 


298 


1 


U16 


11 


362 


36 


309 


1 


350 


8 


337 


1*3 


630 


1 


365 


7 


352 


U2 


371* 



Agricultural 

adjustment 

taxes 



353 
521 

77 



Source: Dally Treasury Statemente. 

• Less than $500,000. .»..,.»< ^. 

1/ Tor further details, see chapter on Internal Hevenua Statlatica. 

2/ Includea unjust enrichment tax and victory tax. 



^/ Tor the period prior to September 1939, t"" «*»» i° **". ,.. 
^ columns Entitled Tederal Insurance Contributions Act "^ '«*- „ 
era! Une«ploy««it Tax Act represent collectlona under Title. TIH 
«id IX, respectively, of the Social Security Act. 
kj Includes chiefly alcoholic beverage taxes, tobacco taxes. »anu 
facturers' and retailers' excise taxes and estate tax. 



13 



Budget Receipts and Expenditures - (Continued) 
Table 3.- Analysis of General Expenditures 

(In ■llllon* of doUart) 



n«e»l /ear 
or BODth 



1933 

193'* 

1935 

1936 

1937 

1938 

1939 

19IK) 

X9U1 

19'»8 

19U2-M»pch 

Iprll 

HV 

June 

July 

August. .. 
September 

October. . 
HoTeober . 
December . 

I9U3. January. . 
February. 
March 



Total 



2.981 
l«,908 
5.900 

5.86U 

7.221 
j.055 

6.215 
5.986 

591 

U67 

393 
700 

Uij 

312 

5U4 
itoi 

320 

654 

391 
31*6 
601 



Vaterana' 
AdBlnla- 
trat 1 on 

1/ 



763 
507 
557 
578 
581 

582 

557 
557 
553 

555 

1+6 
1+6 
»»7 
t7 

1*7 

)*9 
1+7 
'*7 

hi 
ks 

1*9 



Public 

Vorka 

2/ 



U42 
5U9 

679 
6«5 
8O3 
670 
900 
890 
715 
669 
'*7 

5"* 
51 
57 

9* 
58 

^ 

59 
39 
52 
36 

'*5 
1*9 



Aid to 
agri- 
culture 

2/ 



102 

1*29 

930 
966 

988 

866 
l.g7 

i!oo6 ^ 
1.091 
loU 

86 
86 

51 

7t 
t7 
97 

67 
83 

89 

111 
111 
127 



Social 
Seeurl ty 
prograa 



335 
3U7 
392 
"♦57 
515 
33 

12 

80 
1*3 

22 
6U 
Uo 
31+ 

56 
26 

38 



Slraot and work relief 



Vork Projecta 
Admioiatratlon and 

Hational Tcuth 
AdBlniatratlon ^ 



i,2eu 

1,896 
1,1*72 
2,2l+0 
1.572 
I.37I* 
970 

79 

76 
68 

61 

8 

35 
31 

28 
28 

2k 
19 
16 



Tederal IsergeQcy 

Belief AdBldatra- 

tion and Clril Vorke 

Adalniatration 6/ 



336 

1.513 

1,831 

»t95 

-1 

k 

2 

1 



Civilian 
Conser- 
Tatlon 

Oorpa 



lU 
332 
'♦36 

1*86 
386 

326 
290 

283 
257 
163 

11 

10 
8 
7 

7 
5 
1 



-18 
2 



Interest 

on the 

public 

debt 



757 

821 

71(9 

866 

926 

9U1 

l.oUl 

1.111 

1.260 

205 

77 

19 

390 

35 

7 
221* 

70 
28 

353 

9* 

35 

262 



Other 

depart- 

Bental jj 



357 
313 
36I* 
U2l* 
510 
1*81 
517 
51*6 
g5 

51 
1*1* 

u 

1*3 
1+6 
52 

1*5 
1*5 
Ug 

1*3 
1*5 
50 



other 
gene rail 
expendi- 
ture a 8/ 



278 
509 
283 
258 
223 
200 
191 
227 
216 
220 

17 
21* 
ll* 
29 

19 
16 
12 

16 
11 
22 

17 

IS 
10 



Source: Qally Treasury Statements . 

• Less than $500,000. 

1/ Includes public works undertaken by the Veterans' Administration. 

Additional expenditures Included in Table 5, for the Adjusted Serv- 5/ 
ice Certificate Fund and the national Service Life Insurance I^md. 

2/ Includes public buildings, public highways (including forest roads 

and trails), river and harbor work and flood control, Tennessee 5/ 
Valley Authority, Federal Public Housing Authority (formerly U. S. 
Bousing Authority), reclamation projects and the Public Works 7/ 
Administration. Excludes certain expenditures for public works 
In connection with war activities by the Tederal Works Agency, 
beginning July 191*1. Additional transactions are included under 8/ 
Eevolvlng funds, Table 5. 

1/ Comprises Agricultural Conserratlon and Adjustment Administration, 
Agricultural Marketing Administration, Commodity Credit Corpora^ 
tlon, Term Credit Administration, Jederal Ilarm Mortgage Corpora^ 
tloa, Fsderal land banks, Harm Security Administration, Farm 
Tenant Act, Eural Electrification Administration, and Department 
of Agriculture departmental expendlturee. Additional transactlooB 
are Included under Revolving funds. Table 5. 

J*/ Includes railroad retirement and railroad unemployment activities 

and excludes expenditures made by Office for JSmergency Management, 9/ 
War Manpower CommisBlon (U. S. Bnployment Service) under authority 



of Social Security Act. Additional expenditures included in Table 5. 
Ibr further details, see tables which follow on the Social Security 
program. 

Work Projects Administration was formerly Works Progress Administration. 
Beginning with July 191*2, expenditures for the National Youth Adminis- 
tration are shown in Table 4. 

Includee expenditures of the Eeconstruetlon Finance Corporation for 
relief throu^ loans and grants to States, municipalities, etc. 
Excludes expenditures for the U. S. Warltimo Commission, departmental 
axpendltniree under the Social Security progran and the Department of 
Agriculture departmental expenditures. 

Includes expenditures for the following: Office of Education, and 
Public Health Service of the Federal Security Agency; refunds of 
taxes and duties by the Treasury Department; Post Office Department 
postal deficiencies; the Panama Canal; Federal Housing Administration; 
and Treasury Department investments in Federal savings and loan asso- 
ciations. Also includes expenditures for capital stock of the Inderal 
Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal 
home loan banks , and Disaster Loan Corporation. The Federal contribu- 
tions to the District of Columbia (United States share) have been 
transferred to the classification "Transfers to trust accounts, etc.". 
Gross expenditures have been reduced $l6o millions representing the 
repayments of capital funds by certain government agencies. 



71 seal year 
or month 



1933 

iVk 

1935 

1936 

1937 

1938 

19^9 

19W 

191*1 

19U2 

19>*2-Harch. 

Itajr... 

June.. 



July 

August . . . . 

September . 

October. . . 
November . . 
December . . 

19l*3-Janu«ry... 
February . . 
March 



Total 



680 
531 

689 
•900 

929 
1.029 
1,206 

1.657 

6,301 
26,011 

2,809 

3.238 

3.560 

3,829 

1*,1*98 
l*,8gl* 

5.381* 

5,1*81 
6,0l*2 
5.825 

5.91*7 
5.770 

6,71*1* 



Table 4.- Analysis of Expenditures for War Activities 

(In nilliona of dollar*) 



War 
Depart- 
ment 

y 



302 
21*3 

273 
383 
378 

1+32 

1*90 

667 

3.678 

iU,070 

1.1*32 

1.59I* 
1.850 
2.007 

2, 861 

2,875 

3.519 

3.1»17 
3.538 
3.770 

4.053 
3.239 
3.985 



Havy 

Depart- 
ment 



350 
297 
1*36 
529 
557 
596 
673 
891 
2.313 
8.580 

91*6 
1.101 

1.307 
1.309 
1,103 
1,376 
1,291* 

1.596 
1,478 

1,380 

1,271* 

2,002 

2.053 



Total 
miscel- 
laneous 
war ac- 
tivities 



29 
-10 

-a 

-12 

-6 

1 

1*1* 

99 

310 

3.362 

«30 

51+3 
1*02 
513 
531* 
633 
572 

1*67 

L.025 

676 

620 
528 
705 



Agricul- 
ture 
Depart- 
ment 



69! 

105 

65 
SO 
119 
90 
61 
91+ 

1*33 
21 

18 
12 

17 



Source: Dally Treasury Statements. 

• Less than $500,000. 

1/ Excludes Selective Service aioilni strati ve expenses. 

2/ Includes war public housing functions. 

i/ Includes emergency ship construction, beginning March 



Miscellaneous war activities 



Federal 
Security 
Agency 



62 
111 

8 

7 



28 

13 
1* 

21 

16 
6 

17 

12 



'sderal 
Worica 
Agency 



62 

10 

ll* 

10 
8 

12 

17 
13 
17 
15 
19 
17 

12 

17 



Hational 

Bousing 

Agency 

2/ 



1*5 

297 



22 

17 

21 
26 
1*2 

1*5 
1*8 

50 
50 
1*1+ 
39 
55 



Selective 
Service 

(adminia- 
tratlve) 



IS 
33 



Treaaury 
Depart- 
ment 



2U 
519 

63 

63 
83 

99 

95 
110 

102 

110 
81 
83 

95 

79 

103 



United 

States 

Maritime 

Conmlaalon 

3/ 



29 
-10 
-21 
-12 

-6 

1 

1*4 

99 

51 

929 

121 

98 
130 

150 
igi* 

211 
11*1 

1*6 
271* 
275 
331 

223 
285 



War 

Shipping 
Adminis- 
tration 



132 

16 
1*2 

33 

39 

51* 

99 

113 

111 

85 

127 

Vs 

103 



Aid 

to 

Chlni 



Other 

war 

activities 

e:qpend- 

ttures k/ 



108 
382 

86 

29 

ll 
1*2 
76 
56 

60 
68 
88 

18 

59 
98 



191*1. 



U/ Similar Items for periods prior to flscsd year I9U1 are classified 
under Other departmental and Other general expenditures in Table 3. 
Includes expenditures of Civil Aeronautics Administration, Panama 
Canal, end Office for Snorgency Management, War Manpower Commission 
(U. S. Employment Service). 



1^ 



Budget Receipts and Expenditures - (Continued) 
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts. Etc. 

(In Billion* of dollara) 



riteal T—x 
or Bonth 



1933- 
193»». 
1935- 
1936- 
1937. 

1938. 
1939- 
19U0. 
19U1. 
191*2 ■ 



igUS-Harch . 

April. 
Kay... 

Jime. . 



July 

Au^st . . ■ . 

September . 

October. . . 
NoTember. . 
Becember . . 

19l*3-JBnuBry. . . 
Febmary. . 
March 



BaTolTln« f\ind» (net) 1/ 



Total 



Aid to 
agrlcultnre 

2/ 



tl 

11 

121 
92 

-136 
18 

-1 
-1 



-2 



Pablle 
works 

2/ 



1^ 
31*6 
iHi 
-33 

-18 

-13 

-8 
-6 

-159 i/ 
7 



221 

IS^* 

101 

59 
23 
11 



-2 



Total 



129 

77 

76 

1.820 

6O8 

225 
187 
232 
331 
381 

22 



2U9 
19 

5 
56 

3 
25 

35 

2 

1 



Tranafers to tmat accounts, etc. 



Veterans' 
AdBlnls- 
tratlon 

!i/ 



Social 

Security 

prograa 5/ 



100 

50 

50 

1.773 

557 



10 
1 



Source: Dally Treasury Statements. 
• Lees than $500,000. 
1/ Additional transactions on Aid to agriculture and Public works 

are shown in Table 3- 
2/ Farm Credit Administration. 

3/ Public Works Administration. 

%l Comprises Ad,t<isted Serrlce Certificate J^Jnd and the National Serrlce 
Life Insurance Fund, administered by the Tetersns' Administration. 



Ilt6 
107 
121 
132 
IH5 



32 



113 

6 



3"* 
3'» 



OoTenuient 
esployees' 
retlrecent 

funds 
(U. S. share) 



21 
21 
21 
Ul 
1»7 

73 
75 
87 
93 
103 



107 



A^lealtural 

Marketing 

Adalnistratlon 

( surplus eoBBOdlty 

staiips) 



Federal 

contribution to 

District of 

Columbia 

(U. S. share) 



18 

91 

126 

22 
17 



19 
7 
2 

20 

• 

23 



5/ Includes railroad retirement and railroad unemployment actlT- 
Itles. For further explanations see tables which follow on 
Social Security program. 

6/ Eeflects reduction of expenditures through recorerles of In- 
Testments in capital funds of Oovemoental agencies aggregat- 
ing $155 nillions. 



Table 6.- Totals by Months, Beginning with 1934 



(In millions of dollars) 



Het budget receipts 1/ 

193"+ 

1935 

1936 

1937 

1938 

1939 

191*0 

191*1 

191*2 

191*3 



Budget expenditures 2/ 

193'+ 

1935 

1936 

1937 

1938 

1939 

I94O 

191*1 

19U2 

191*3 



Bet budget deficit iJ 

1931* 

1935 

1936 

1937 • 

1938 

1939 

igito 

19U1 

19U2 

191*3 



Jan. 



Feb. 



211 
203 
228 
23? 
291* 
271 
315 
3UO 

578 
788 



695 

)*82 
521 

492 
656 
712 

1,111 

2,628 

6,372 



U8U 

279 

293 
300 
198 

385 
398 

771 
2.050 
5.581* 



206 

2lU 
218 
230 
3O8 
367 
1*W* 

51*1 

758 
955 



631* 
528 
i*80 
51*6 
i*7U 
612 
668 
,075 
,629 
,119 



1*28 
311* 
262 
316 
166 
2l»5 
22l* 
531* 



Apr. 



1*20 
601 
752 
967 
916 
687 
79? 
1,566 

3.51*7 
5.206 



573 
570 
§36 
766 
705 

820 
822 

1.399 

3.1*21 

7. 351* 



153 

-31 

-116 

-200 

-212 

132 

22 

-167 

-126 

2.11*7 



182 
228 
231 
318 
262 
213 
30U 
565 
695 



61*3 
999 
631 
695 
631 
730 
783 
1.315 
3.753 



U61 

1*00 

369 
517 
579 
750 
3.058 



May 



256 
290 
373 
31*7 
Uoo 
391* 
563 



1*81* 
527 

686 
511* 
566 

i,li*i 
3.953 



2i*7 

281 
1*30 
22l* 
193 
31*8 
2l*7 

71*7 
3.391 



529 

828 
771* 

557 
6U9 
.276 
,1*92 



61*3 
693 
2,1*27 
1.253 
930 
895 

887 
1.528 

i*,530 



252 
230 

1,898 
1*25 

156 
339 
237 
252 
2.037 



July 



218 
279 
291* 
367 
273 
265 

U13 
71*7 



611 
561 
656 
635 

]'^ 

818 

1.598 

5,160 



393 

282 

362 
268 
1*51 

1*99 
1*87 

1,185 

i*.Ui3 



Aug. 



Sept. 



286 
299 
31*3 
1*12 

1*1*9 
372 
1*1*7 
397 
587 



561 

1*21* 

571* 
517 
6U5 
771* 

706 

1.529 

5.215 



275 
125 
231 
105 
195 
1*02 
258 
,133 

,628 



1*1*9 

1*21 

1*99 
7'*7 
678 
676 
711 
1.135 
2.527 



51*1* 

676 
632 
718 
71*1 
759 
1,871* 
5.931 



?5 
1U9 

177 
-115 

1*0 

65 
1*8 



Oct. 



m 



Hot. 



260 
235 
272 
292 
300 
279 

UU5 
607 



701 
632 
677 
565 
737 
721 
869 
2,083 
5.937 



UUl 
397 
U05 
273 

UU2 

536 

1,637 

5.331 



21*7 
231* 

286 

350 

361* 
362 

1? 
601 



559 
1*89 
56i* 

6^6 

61*8 

817 

1,858 

6,363 



312 
255 
331 
171 
296 

281* 

1*55 
1,291* 
5.761 



Use. 



517 
823 
672 

521 

7U0 

1,212 
2,701 



636 

607 

716 

635 

830 

832 

1,172 

2,51*2 

6,500 



251 
173 
199 
-188 
157 

1*32 
1.329 

3.799 



Total 



3.1*92 
3.857 
'♦.372 
5.798 
5.650 
U,918 
5.85" 
8,81* 
16,1*03 



7.281* 
6.682 
9.211'* 
7.75l« 
8,097 
8,885 
9.657 
19.053 
56,020 



3.792 

2.825 
U,872 

1,956 

2.1(1*7 

3.967 

3.823 
10.204 
39.618 



Sourca: Daily Treasury Statements. 

1/ Total receipts less net anounts transferred to Federal 
Old-Age and SurrlTor* Insurance Trust Fund. 



i 



Jxcludes public debt retirements. 
Total expenditures less net receipts. 



15 



BUDGET RECEIPTS AND EXPENDITURES 



1938 



1939 



1940 



1943 



DOLLARS 
Billion 



Net Budijet Receipts 




HhThTtiTt 



iil.riithrtliffillillii 



JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN 







Bud^Jet Expenditures 






























1 










J 








Mo 


0* AAonth 




- 




— -Jk 


^^ 




iTniliiiiil 


iiiiiliiiiil 


illlllllllll 


i 





J M M J S N 

6r 


JMP^J SNJKAMJSNJMMJ S NJM^AJ 

Net Budget Deficit 

Nz^ativ f/yuras represent Net Budget Surplus 

1 1 


SNJMMJSN 


A 








1/ ^ 


o 






/ 




O 














3 






1 

ei.4»^ili-|T. 


frrhrtrrin 


lY-fntr+n 


thtCl 1 




1 1 1 1 1 1 1 1 1 1 J 1 1 


Mill! 1 II 1 II 


Illlllllllll 


1 « 

1 1 1 1 1 1 1 1 1 1 : l! 1 1 1 1 : 1 1 


1 
1 ! 1 1 111 1 1 1 1 1 1 1 1 1 1 1 



J M M J S N 
1938 



vJ M M J S N 
1939 



J M M J S 
1940 



N J W M J S M 
1941 



1942 



N J M ^A J 
1943 



16 



Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc. 



Table 1.- Trust Funds 

(In BiUlOM 8f dollar*) 



7igcal year 
or aonth 



1933- 

1935. 
1936. 
1937. 

1938. 
1939. 
19U0. 
19U1. 

igi*2. 



19U2-Marcii. 
April. 
May. . . 
June. . 



July 

August . . . . 
September . 

October. . . 
Hovember . . 
December. . 

1914.3- January. . . 
February . . 
March 



Total 

trust fund*, 

net receipt* (♦) 

or net es>endl- 

ture* (-) »•* 



federal Old-Age and 

SurTlTore Ineurance 

Trust Fund 



-5 
+2U 

♦6U 
+3U 
♦19 

♦11 

♦29 

*37 
+37 
♦66 

-172 

♦47 

+181 
-205 
♦55 
♦197 
-227 

+60 
+27'* 
-290 

♦2U 
♦222 
-260 



Baceipte 



+1 
♦1 

+3 

♦10 
+9 

-171 

+37 
+177 
-215 

+1^6 
+193 
-229 

♦Us 

♦227 
-273 

*^ 
+236 

-272 



Ixpendl- 
txires 



267 

1*02 
530 
580 

717 
91*0 



37 

202 

70 

^7 

210 
1 

H2 
229 

2 

35 
235 

2 



Unemployment 
Trust Fund 



267 

UOl 
529 
577 
707 
931 

173 



25 
285 

1 
16 

230 
• 
2 

271* 

2 

« 

27'> 



Het 



Source: Dally Treasury Statements. 
• Less than $500,000. 
1/ Includes Government Insurance and retirement funds, etc. 



Bacelpt* 



♦12 
♦1 
♦1 
-1* 



♦1 

-5 

♦2 
-2 

+3 
-1 
-U 

♦1*0 

-36 

-2 
-2 

+1 



Izpendl- 
ture* 



Ballroad 
Betlrensnt Account 



19 
291* 

763 
838 
95? 

i.m 

1.2U1* 

29 

U3 

220 

61* 

52 

223 

29 

243 

73 

Ho 

262 

3'* 



29U 

751 

837 

957 

1.118 

1.2'»3 

33 

1*2 

225 

62 

5^ 

220 
30 

54 
203 

109 

1+2 

261* 

33 



Hat 



♦2 

♦2 

-2 

♦11 



Beceipts 



-1 



Expendi- 
tures 



IU8 
109 
123 
127 

11*1* 

32 

• 

2 
113 

* 

3't 

« 

3"* 



11*6 
107 
125 
116 
11*1* 



32 

ft 

1 
111* 



3'* 



other 
trust accounts 1/ 



Bat 



Bsceipts 



-5 
♦2l* 

♦61* 
♦3U 
♦20 

-J* 

♦2U 

+35 

♦20 

♦57 

+3 

+9 
+9 

+7 

+13 
♦1 
+2 

♦22 

♦6 

♦19 

-8 
-11 
♦11 



Expendi- 
tures 



280 
233 
301 
.053 
858 

323 
31*9 
366 
1*09 
512 

U2 

33 
36 

96 

160 

1*1 
68 
61* 

^ 
66 

66 
1*7 

82 



285 
210 
237 
2,020 
838 

327 

325 

331 

389 

U55 

39 

29 

27 

89 

1U7 
1*1 
66 

1*2 
1*8 
1*8 

7"+ 
58 
71 



1933- 
193'i- 
1935- 
1936. 
1937. 

1938. 
1939- 
191*0. 
19U1. 
191*2. 



Table 2.- Other Funds 

(In million* of dollars) 



Traosaotlons in ohaeklng accounts 
of OoTsmment a^nclas, etc. 



Fiscal year 
or month 



Total all 
trans- 
actions 



19l*2-March. 
April . 
May... 
June. . 



July 

August. . . . 
September. 

October. . . 
November . . 
December. . 
191*3- January. . . 
February. . 
March 



-818 
-73'» 
♦637 
♦108 
♦31I* 

♦20l* 

♦768 

♦31* 

-217 

-3.625 

-75 

-189 

-1*30 

-1,1+17 

-78 
-262 

-25 

-583 

♦1*1*9 
-51*8 
-186 

-370 
-300 



Issuance 
of obliga- 
tions 1/ 



♦1,106 
♦288 
♦852 

-1,809 

♦17 
-12 

-2 

-1,120 

♦12 

+9 
-23 

•451 
-5 

-8 

-25 

-11 



Other 
trans- 
actions 



Source: Daily Treasury Statement*. 
• Less than $500,000. 

1/ Bet receipts in thie column constitute net 
expenditures constitute net redemptions of 



I 

2/ 

-337 

-25I* 

-1,069 

-1,815 

-92 
-176 

-1*28 
-296 

-91 

-271 

-2 

-272 
-2 

-5^3 

-178 

-3U5 

-289 



Increment on gold 



Net 



♦811 

-111 

-1*03 

-99 

-51 

-5 



Receipts 



2,811 
2 
1 
2 



sales, and net 
obligations. 



Szpendi- 
tures 



2.000 
113 
l*0l* 
101 

52 
5 



Seigniorage on »ilTer 



Net 



♦iHO 

+176 

+1*0 

+90 
+90 
+49 
♦20 
♦lU 

+1 
♦1 



Heeeipts 



ll*0 

176 

1*0 

90 

20 
11* 

1 

1 



Expendi- 
tures 



Miscellaneous funds 
and accounts 2/ 



Net 



♦2 
+16 
+11 

+39 

+12 
+15 

+20 
+10 

+6 

+27 
+1*4 

+27 

+26 
+11 



Beceipts 



'•3 
21*1+ 
331 

Ul 

3H 
17 
ll* 

33 

20 

ll* 
32 

10 

33 



Expendi- 
tures 



-2 
27 

233 

292 

29 

,?6 

28 

13 

10 

8 

5 

-2 
-11 

-19 

-21 
-11 



2/ Comprises PWA revolving fund, and special deposits (net) 

Also Includes Agricultural Martoting Administration commodity 



1/ 



food stamp transactions. 
Details not available. 



17 



Means of Financing Cash Requirements 

(In oillloas of dollars) 



n*cal yaar 
or month 



1933- 

las'*. 

1935- 
1936. 
1937. 
1938. 
1939- 
19I10. 
19U1. 
19'»2. 



19>(2-Hareh. 

April. 
May... 
Jose. . 



July 

Jatgaat... . 
SBptember. 

October.. . 
Hovember . . 
Bscember. . 



19U3-Jann«ry. . 
J^bruary. 
Haroh 



ABOunt required to be financed 



Total 
amount 

to be 
financed 



3.052 
lt,6l6 

3.209 
5.390 
3.149 
1.38'* 
i*.i6U 
3.611 
5.99'» 
23, Wi 

108 

3.i«i* 
3. 61*8 
3.852 

»*.683 
'*.798 

6,420 

5.761 
12,051* 

5.719 

5.286 

2,696 



Bet 

bud^t 

deficit 

1/ 



1.781* 
2.896 
3.209 
'^.550 
3.l'<9 
i,38U 
3.5^2 
3.6u 
5.103 
19.598 

-1261/ 

3.058 
3.391 
2.037 

'*.iH3 

1*,628 

3,Uo4 

5.331 
5.761 
3.799 

5.581* 
5.16U 
2,11*7 



Source: Daily Treasury Statements. 

1/ Excludes amounts for public debt retirement 
chargeable to the sinking fund, etc., under 
proTislons of law. 



Net 

increase 

in General 

TUnd 

balance 



which are 
special 



1*1*5 
1.720 

81*0 



622 



71*2 
358 



179 
296 



1,11*8 
591* 

7.1*61 



Het 

expeiidltu^s 

in trust 

accounts, 

increment 

on gold, 

etc. 2/ 



823 



lUS 
3.506 

231* 

126 

257 

1.635 

1* 

5U 

2U5 

1*96 

791* 

135 
122 
51*9 



Total 

amount 

financed 



3.052 
l*.6l6 
3.209 
5.390 

s.iitg 

1.381* 

U,i6i* 

3.611 

5.99** 

23.1*61 

108 
3.181* 

3.61*8 
3.852 

i*.7li* 
'*.683 
1^.798 

6,1*20 

5.761 

12,051* 

5.719 

5.286 

2,696 



Means of financing 



Increase 

in 

public 

debt 



3.052 
1».51'* 
1.61*8 
5.078 
2,61*6 
71*0 
3.275 

2.528 

5.99'* 
23.1*61 

39 
2,51*2 
3.609 
3.852 

i».7i't 
i*,5l*9 
"+.798 

6,1*20 
3.212 

12,051* 

2.899 
2,954 

1,1*83 



Het 

decrease 

in Qeneral 

Tund 

balance 



71*1 

128 
338 

91*7 



69 
61*2 

39 



131* 

1,811* 

2,819 
2,331 
1,213 



Bet 

receipts 
in trust 
aceoimt s , 
Increnent 
on gold, 
etc. 2/ 



101 
821 
312 

37'* 
306 
890 

136 



736 



2/ Comprises trust accounts, checking accounts of floTemiBent 
agencies, etc., increment on gold, seigniorage on silver, 
and miscellaneous funds and accounts. Increment on gold 
excludes expenditures for national bank note retirements. 

2/ Het budget surplus. 



18 



Social Security Program 
Section I.- Budget Receipts and Expenditures 



Table 1.- Social Security Act 

• (In nillioDs of dollare) 



Fiscal year 
or month 



I93S. 

i'>31. 
iguo. 
nui. 

19-:- 



igitg-Harcb- 

April. 
May. . • 
Juc«. . 



July 

August . . . . 
September . 

October. . . 
Hoveaber . . 
December . . 

I9U3- January . . . 
Februery . . 
Karch 



riBcal year 
or iso&th 



1936.. 
1937.- 
1938.. 
19?'3.. 
19«0.. 
I9''l.. 
19'*2. . 



13U2-Harch. 
April. 



May. 

June 

July 

August . . . ■ 
September . 

October. . . 
Uovember. . 
December . . 

19U3-Janu«ry . . . 
Febru&ry . . 
Haxeh 



Receipts 



Gross receipts 



Total 



252-2 

60U.U 
631.2 
712.2 
788.2 
.015.6 

h.e 

kZ.O 

213.0 

U.7 

52.2 

220.1 

I+.3 

1+6.6 

50.7 

335-8 
6.1 



Social Security taxes 



Federal Insurance 

Contributions Act 

(Old-age insurance) 

1/ 



19U.3 
51U.U 
530. U 
60U.7 
690.6 
895.6 

2.8 

39.2 

203.7 

3.7 

1*9. U 

211.7 

i-^ 

U3.9 

231.1 

3-5 

37.1 

236.7 

2.9 



Federal Unenployment 
Tax Act 
(Unemplovment insurance) 
2/ 



57.8 

90.1 

100.9 

107.5 

97-7 

119.9 

2.0 
2.9 

9-3 
1.0 

2.8 

8.5 

■ 9 

2.6 

8.7 

1.0 

13.6 

99.0 

3.2 



Less amounts credited 
Federal Old-Age and 
SuTTlvors Insurance 
Trust Fund J/ 



265.0 
387.0 
503.0 
537.7 
661.3 
868.9 

.6 

36.8 

201. U 

l.li 

U7.I 

209 .U 

1.2 

Ul.U 
228.5 

1.0 

35-3 

2314.9 

1.0 



Net 

receipts 



Expenditures 



Adminis- 
trative 
exnensee 



!i/ 



Grants to States 



Total 



28. IJ 
182.7 

332-5 

3''3.3 

38U.2 
UU9.U 
50U.U 

31-7 
U9.5 
53-2 
11.5 

78.8 

U1.7 

21.2 
63.2 
38.9 

3U.8 

58.9 

29-3 
U3.U 



.6 
15.8 
20.0 
21.3 
25.3 
31.5 
31.5 

2.8 

2.6 
2.5 
2.7 
2.7 

2.5 

2.8 
2.3 
2.7 
2.6 
2.8 
3.3 



27.8 
166.9 

271.5 
320-3 

356.5 

U15.2 

U69.6 

28.6 

U6.6 

50.2 

8.7 

75-9 
38.7 

18. 5 

60.1 

36.1* 

31-9 
56.1 
26.3 
39.9 



Social Security Board 



Old-age 
assist- 
ance 



Aid to 
dependent 
children 



19.7 
12U.8 
182.2 
208.8 
22''. 6 
2fe0.1 
299.1 

19-9 

28.8 

32.6 
i*.3 
1*7.2 
26.0 
11.0 

35.2 

24.8 
2l*.9 

30.9 
16.U 

27.2 



2.0 
IU.3 
25.5 
31.0 
i45.U 
63.2 
69. U 

U.2 

7.7 

6.3 

.9 

11.5 
6.8 
2.9 

8.2 

6.U 
2.7 

6.q 
i+.U 
3-2 



Aid to 

the 
blind 



1.0 
U.6 
5.2 

5- 

6.2 

7.1 

3.0 



.9 
.7 
.1 

1.3 
.8 

.U 

1.0 

.7 
.1+ 



Unemploy- 
ment com- 
pensation 
adminls- 
tretlon 



Public 
Health 
Service 



Public 

health 

vork 



9.1 

U1.9 
58.9 
58.3 
63.0 

70.3 

3.6 
U.U 
9.5 
3.2 

13.1 
3.3 

3.5 

12.1+ 
3.0 
2.0 

10.8 

.2 

1.7 



2.h 
7.8 
8.9 
8.0 

10.8 
11. U 

.1 
2.9 



2.6 

.6 



Department of Labor 



Maternal 

and child 

health 

services 



1.0 

3-1 
3.8 

5.5 
5.9 




Child 
welfare 
services 



2.1* 



2.3 



.2 

.1 

• 5 
.3 

.3 

• 5 

.2 

.3 
■5 
.1 



.2 
1.0 

l.li 

i.«; 
1.5 
1.5 
1.6 



Office for 
linergency 
Management 



War 

Manpower 

Commission 

(U. S. 
Employment 
Service) 



Refunds 

of 

taxes 



-12.8 
217. '-* 
128.2 
17U.5 
126.9 
IU6.7 

l*.l 

5-2 
11.7 

3-3 

5.1 

10.7 

3-1 

5.1 

11.2 

3.5 

15.1+ 

100.9 

5.1 



Sxcess 
of 
expendi- 
tures 5/ 



UI.06/ 
1.8 
2.5 
2.6 

3.1^ 



28. If 
195.5 
115.1 
215.1 
209.7 
322.5 
357.7 



1.3 

3-1 
3.8 
6.5 



• 3 


27.6 


.U 
.U 
.3 


1+11.2 

1+1.5 

8.2 


.3 
.3 
.3 


73-7 
31.0 
18.1 


.3 

.2 
.2 


58.0 
27-7 
31 .u 


.2 
.2 
.2 


U3.5 
-71.6 

38.3 



Source: 



Dally Treasury Statements. 

Less than $50,000. ,. . . 

Formerly Title VIII of the Social Seoirlty Act. 



y 



Formerly Title IX of the Social Security Act. Includes amounts 
llZrl'o appropriation, to^ Railroad Unemployment nsuranceAd^ln- 



istratlon Fund equivalent to amoun 

respect to the period from January 1936 to June 1939. 
from employers subject to the Railroad Unemployment I: 
Act (See Table 3 of Section I). 



of taxes collected with 

Inclusive , 
nsurance 



*p: or lo jZ^y 1. 19U0. flares "Present amoun^ transferred t^ 
the Old-Age Reserve Account. From January 1 to July 1. 19'*0 "ans 
f^s" wert made to the Federal Old-Age and Survivors Insurance Trust 
W. Subsequently receipt, have been d*P-i'%\^%^f„^°"f .I^' 
of th- Treasury and "appropriated" directly to the Federal Old-Age 
I^d s;u-v"orrinmu'ance TrSst F-ind. Amounts shown as transfers reflect 
^ducUoilmadeTr reimbursement to the General T^i «f-' *°^ 
cover adnlnlstratlve expenses, which are shown as expenditures In 
Section II, Table 1. 



Includes only expenditures from appropriations made specif! 
cally for administrative expenses relating to the Social 
Security Act; naively. Social Security Board, Department of 
Coerce, and Department of Labor; and admlnistralve expenses 
reimbursed to the General i^d of the Treasury "-d^^^""" 
201 (f) of the Social Security Act, as amended. Beginning 
July 1 191*0. includes also administrative expenses und" the 
Waiaerlpeyser Act. Excludes administrative expenses payable 
f^mother appropriations, principally for the f^^^"-'^^. 
agencies: B^eau of Internal Revenue of the Treasury Depart- 
^n?!^d Pu'Slc Health Service and Office of Education of 
the Feileral Security Agency. 
Covered by appropriations by Congress. 
Second Deficiency Appropriation Act, fiscal year 1938, 
annroved June 25, 1938. carried an appropriation or 
$C56l.88rfor mak'4 refund to certain States of P""ons 
o7Fede;al employers- tax for I936 collected under the Social 
Security Act . 



7.*' yJ 



^f 



19 



Social Security Program - (Continued) 



Section I.- BudRet Receipts and Expenditures - (Continued) 



Table 2.- Railroad Retirement Act 

(In nllllons of dollars) 



FlBcal year 

or month 



1936 

19?7 

1978 

1939 

19'tO 

191*1 

13^2 

igl+S-Maxch 

April 

May 

June 

July 

August . . . . 
September. 
Octotier. . . 
November . . 
December. . 
191+3-January. . . 
February. . 
March 



Seeslptt 



Carriers' Taxing 
Act of 1937 



•3 
150.1 
109.3 
121.0 
136.9 
170.0 

41.6 
1.2 
9.0 

35-0 

1.0 

11.5 

36.5 

1.1 

s.? 

ks.e 

1.1 
7.U 

U1.8 



Expenditures 



Total 



.3 

1-5 

IU9.0 

110.0 

123.3 

128.2 
lUg.5 

.7 
32.1 

.6 
.5 
113.2 
■ 7 
•5 
3U.0 
.5 
.U 

3"+. 



i 



Admlclstratlv© 
exoenses 

1/ 



Trannfers to 

Railroad Retirement 

Account (trust account) 



IU6.U 
lOT.l 

120.7 
12U.U 
ll«>.9 



31.5 
112.6 

33.5 

31*. 



Refunds 

of 

taxes 



Excess of 
expenditures 

2/ 



•3 

1.2 

-1.1 

.7 
2.3 

-8.7 

-21.6 

-40.3 

30.9 

-8.5 

112.2 

-10.8 

-36.0 

32.8 

-7.7 

-kz.k 

33-'+ 

-6.S 

-i;i.3 



Source: Daily Treasury Statements. 
• Less than $50,000. 



1/ Includes only expenditures from appropriations made specifically 

for adminiBtrative expenses relating to the Railroad Retirement Act. 
2/ Covered by appropriations from the General Fond of the Treasury. 



Table 3.- Railroad Unemployment Insurance Act^ 



(In Billions of dollars) 



Fiscal rear 
or month 



Receipts 



Railroad tmeoploTBent 

Insuranea eontrl- 

Wtlons Z/ 



Expenditures 



Total 



Administrative expenses 

(Railroad Unemployment 

Insurance Adjnlnie- 

tration I\ind) ^ 



Transfers to Railroad 

Unemployment Insurance 

Account, Unemployment 

Trust Tund U/ 



Excess of 

expenditures 

5/ 



1936. 
1937- 
1938. 
1939- 
igw. 
19U1. 
I9't2. 



19'+2-i"arch 

April 

May 

June 

July 

August . . . . 
September. 
October . . . 
Noveniber. . 
December. . 

19'*3-January. . . 
February. . 
March 



- 


.5 


U.9 


5.0 


6,8 


10.9 


8.5 


6.U 


2.2 


.2 


« 


.2 


.1 


.2 


2.2 


.3 


« 


.2 


.2 


6.2 


2.2 


.2 


• 


.1 


.1 


.2 


2.5 


.2 


• 


.1 


.1 


.2 


2.5 


.2 



• 5 
5.0 
3.U 
2.5 



7-5 
3.9 



6.0 



.5 
.1 

U.l 
-2.1 

-2.0 
.2 
.1 

.? 

6.0 

-2.1 

.1 

.1 

-2.3 

.1 

.1 

-2.3 



Source: Dally Treasury Statements. 

• Less than $50,000. 

1/ Operated as Railroad Unemployment Insurance Administra- 
tion Fund. 

2/ Represents 10^ of contributions under the Railroad Unem- 
ployment Insurance Act; the remaining 90^ is deposited 2/ 
in the Railroad Unemployment Insurance Account, Unem- 
ployment Trust Fund (See Section II, Table 3). Excludes 
amounts appropriated to Railroad Unemployment Insurance kf 
Administration Fund equivalent to amounts of taxes col- 
lected with respect to the period from January I936 to ^ 
June 1939, inclusive, from employers subject to the 



Railroad Unemployment Insurance Act, as follows (in millions): 
Calendar year I936 - $2.7, 1937 - $5.3, 1958 - $6.g, and for the 
first six months of the calendar yeai- 1939 - $2.9, aggregating 
$17.7. These amounts are included in Table 1 under Federal Unem- 
ployment Tax Act (unemployment insurance). 

Includes only expenditures from appropriations made specifically 
for administrative expenses relating to the Railroad Unemployment 
Insurance Act. 

Represents excess funds of the Railroad UneraplojTnent Insurance 
Administration Fond (under Act of Oct. 10, igllO). 
Covered by appropriations by Congress. 



20 



Social Security Program - (Continued) 

Section II.- Statements of Trust Accounts 

Table 1.- Federal Old-Age and SOrvlvbrs In8ut>ance Trust Fund^ 

(OvumilatlT* txoa ot^anliatlon - In allllop* of dollar*) 



Knd of fiscal 
yaar or Bonth 



1936 

1937 

193* 

1939 

19W 

19U1 

19U5 

19l»2-0ctober . . 
Horem^r . 
December. 

I9't}-Janiiar7 . . 
February. 
March 



Baoalpte 



Total 
receipt! 



267.3 

782.7 

1.199.6 

1.792-1 

2.536.2 

3.902.8 

3,812.2 
U.ot*3.'* 
»*.*7.7 
U. 085.0 
U. 322.0 

'♦.325.8 



Approprla- 
tlone b/ 
CoBcreie 



265.0 

765.0 

1.155.0 

1.705.0 

2.393.1 

3,288.8 

3.597.2 
3.828.3 
3.831.8 

3,868.9 

u. 105.7 

'♦.108.5 



Interest 



loTest- 
ments 



2.3 
17.7 

m.s 

87.1 
IU3.I 
21li.l 

215.0 
215.1 
215-9 
216.1 
216.3 
217.3 



Total 

ezpendl- 

txirae 



5.^ 

19.3 

1*7 .« 

138.6 

275-6 

330.7 
3'*5-l 
399.6 

373.8 

388.2 

1I03.6 



Ixpandltnree 



01d-a«e 
benefit 
paTsaatt 



5.'* 

19.3 

35.1 

99.5 

209.8 

255.1* 
267.3 
279.3 

291.7 
3OU.3 
317.9 



Be labor eeaent 

for 

adalnletratlTc 

eipentes 2/ 



12.3 
39.1 
65.9 

75-2 
77.7 
«0.3 

82.1 

83.9 
85.7 



Balaaoa 



Total 



267.2 
777.2 
1,180.3 
l.7'*'».7 
2.397.6 
3,227.2 

3.'«i.5 
3.698.3 
3,688.1 

3.711.2 
3.933.8 
3.922.2 



Inrest- 
■eate 



267.1 

662.3 

1.177.2 

1.738.1 

2,380.6 

3,201.6 

3.IW3.1 
3.393.1 
3.655-'» 
3.9»5.i« 
3,632.'* 
3.893.0 



Ibezpeadad balaaoa 



In Oeaaral 
fund 



.1 

113.0 

.1 

d 

5.2 

1*6.9 

275.7 

5-3 

'to. 8 

276.0 

'*.!* 



In disbar alac 

officer' I 

aceoont 



.1 

1-9 

3.0 

6.1 

10.8 

SOM 

31.5 

39.5 
27.1* 

25.0 



25.1* 

2t*.8 



ents. 



Sooree: Dalljr Treasury States 
• Lese than $50,000. 

1/ Includes transactions effected under the predecessor 
Old-A^e Besei-re Account. 



2/ 



tbder Section 201 (f) of the Social Security A«t anendneats 
of 1939. 



Table 2.- Railroad Retirement Act 

(CuBolatlre ftroa orgaaliatloa - In allllons of dollars) 



Xnd of fiscal 
year or aonth 



1936 

1937 

1938 

1339 

19MO 

19>*1 

1942 

1942-Oetober . . 
BoTember . 
December . 

19U3-January. . 
february. 
March 



Baoelpt* 



Total 
receipts 



1*6.6 

'*6.6 

ii*7.? 

268.S* 

390.8 
506.9 
650.9 

865.9 

866.1 

866.2 

866.1* 
866.6 
866.9 



Ipproprlatlons 
Iqr Confess 



1*6.6 
1*6.6 
11*6.5 
26U.8 
38U.9 
1*98.5 
639.'* 



85U.2 
851*. 2 
85U.2 

851*. 2 
851*. 2 
85l*.2 



Interest oa 
Inrestaaots 



1.1* 
3.6 

li 

11.6 

11.8 
11.9 

12.1 

12.3 
12.5 
12.7 



»»pendltures 



Baaaflt 
payaeats 



1*.0 

79.8 

I85.6 

298.7 

1*19.9 
51*6.1 

589.2 

599.9 
610.7 
621.5 

6^3.5 



Balaaoa 



Tcial 



laTestaaats 



66.2 
67.2 
79. >♦ 
7U.0 
91.5 

196.0 
I85.0 
175.0 

197.0 

187.0 
176.0 



na*:q>andad balaaoa 



In Oaaaral 
Toad 



1*6.6 
36.6 
.2 
13.2 
10.8 

u 

68.9 

68.8 
68.9 

31*. 9 
34.9 
3i*.9 



la disbar slac 
of floor's aoeooat 



6.0 
1.6 
2.3 
1.8 
10.5 
11.7 

11.9 
12.3 
12.7 
13.0 
12.1* 
12.5 



Source: 



Dally Treasury Statements. 
Less than $50,000. 



Table 3.- Unemployment Trust Fund 

(CumulatlT* froo organlxatloa - In nlVllpn* of dollars) 



Ind of fiscal 
yaar or aonth 



1936 

1937 

193« 

19?9 

19W 

I9i*i 

191*2 

19U2-October . . 
HoTeaber . 
Deceaber. 

19U3-J«nnary. . 
Tebruary. 
March 



Bocelpts 



Total 
re- 
ceipts 



18. 

313. 

1,076.2 

i,9ii».3 
2,857.9 
3.971.9 
5.215.5 

5.569.6 

5,812.2 
5.885.1 

5.925- 
6.187- 
6,221. 



state 

unanploy- 

Bsnt 

Insuraiusa 

aotlTl- 

tles 



Deposits 

by 

Statss 



18. 9 

310.6 

1.058.2 

1.869.5 



2.129.^ 
.717.3 



J. 521. 



5.01*3-7 

5,285.1* 

5.298-3 

5.338.3 
5.599.5 
5.610.7 



Ballroad Qneaploynant 
Insnranoa Account 1/ 



Ballroad 
unaoploy- 

ment 
Inturanoo 
contribu- 
tions 



1*4.2 
105.6 
181 .9 

203.7 

226.6 

226.7 
227.8 
250.5 



Trans - 
fere 
from 

Statec 

1/ 



1.8 
105.9 
105.9 

105.9 
105.9 
105.9 

105.9 
105.9 
105.9 



Tranafers 
froa Ball- 
road Unaa- 
ployaent 
Insuraaoe 
i.dalnlstra- 
tlon TundU/ 



11.1* 

17-1* 
17-1* 
17.1* 

17.1* 
17.1* 

17 .u 



Interest 

on 
InTost 
aeats 



.1 

2.8 

18.0 

U4.8 

82.6 

131.5 

198.9 

199.0 
199.0 
236.9 

236.9 
236.9 
236.9 



Izpendl tares 



ToUl 
ezpendl- 

turo* 



1.0 

192.0 

633.8 

1.133.1 

1,688.2 

2.065.1* 

2,161 

2,176.7 

2.187.1 

2,198.8 
2,210.2 
2,221. 



State uneaployaeat 
Insaranoa 
actintlaa 



With- 
drawals 

tor 
Statee 



1.0 

192.0 

633.8 

1,116.7 

1,550.0 

1 .918.0 

2,016. 
2,028 



-.1 
2.038.7 



2, 

2.061.5 

2.072 



.090. 
.061. 



Traasfers 
to Ball- 
road Daea- 
ployaent 
lasorane* 
Account 

2/ 



1.8 
105.9 
105.9 

105-9 
105-9 
105.9 

105.9 
105-9 
105.9 



Ballroad 
Unaaploy- 

aent 

Insoranoo 

Accouat 

1/ 



Benefit 
payaents 



14.6 

Hi 

42.2 
42.3 
42.5 

42.7 
42.8 
43.0 



Balaaoa 



Total 



18.9 
312.4 
884.2 
1,280.5 
1,724.9 
2.283.7 
3.190.1 

3,4o4.7 
3.635-5 
3,698.0 

3.726.3 
3.977.3 

4,000.0 



Invast- 
■eats 



I8.9 
312.3 
872.0 
1.267.0 
1,710.0 
2.273.0 
3.139.0 

3.397.2 
3,588.2 
3,687.0 

3.717.0 
3.970.0 
3.992.0 



balaaoa 



la 
General 

Vaad 
(Spaolal 
Deposit 
Accouat) 



.1 

12.2 

13.5 

13.4 

8.0 

7.8 

44!9 
8.7 
7.2 

5-3 

6.3 



la dla 
borslac 

offl 

cer' 
accoaat 

5/ 



1.4 
2.7 
3.3 

2.6 

2.4 
2-3 
2.1 

1-9 

1.7 



Source: Dally Treasury Stateaents. 

• Less than $50,000. 

1/ Izcludei adraaoe of $15 allllons from the Treasury and 

subsequent repayaent , both taldnc place In the fiscal year 
1940. 

1/ Bepresents 90f of contributions under the Ballroad Unem- 
ployment Insurance Jlct; the reaalnin< 10)1 is used for 
adalalstratlTe ezpenees. (See Section I, Table 3.) 



Eepresents amounts transferred from States to Ballroad Un«»- 
ployment Insurance Account equlTalent to amounts of taxes 
collected, with respect to period from January I936 to June 
1939 incluslTO, from employees and employers who come within 
the purrlew of the Ballroad Unemployment Insurance Act. 
Bepresents excess funds of the Ballroad Uneaployment Insur- 
ance Adalnlstratlon fund (under Act of Oct. 10, 194o). 
Tor railroad unemployment benefits and refunds. 



21 



Cash Income and Outgo of the Treasury, by Major Claself Icationsi/ 



(In mlllloni of dollars) 



CASH tlCOKC 

Badcot: 

Inter sal rarsima: 

IneoH and profit* tazai 

AtployBent taza* 

Mlacellacaous Istarnal revanna. 

Caitona 

Other 



Subtotal. 



fmst fund*, ate: 

UnaoployKnt tmst fund (dapoalta b^ State* 

and Ballroad Batlraaent Board) 

Tra*t accoiuit* Tj 

Subtotal 



Total caah incon* 

CASH OCTQO 

Bud^tt 
War actlTltlea 

Taterane' Adalnletretlon 

Public »orka 2/ 

Aid to apiculture J*,' 

Social Security program ^ 

Vork Frojecte Adaluietratlon and Hatlonal 

Touth Adalaietratlon 6/ 

Civilian ConeerTatioa Corps 

Interest on the pubile debt jj 

Other 



Subtotal. 



Trust funds, etc.: 
Baconstructlon Tlnasee Corporation: 

War aetlTltle* 8/ 

Other 

ComiEOdlty Credit Corporation 

Uneoploymeat Trust fund 

Federal Old-Ago and SurrlTors Insuranee 

Trust I^iad 

Ballroad Hetlrement Account 

Other 



Subtotal 

Eadaoptlon of adjusted serrica bonds 

Total cash outgo 

IXOSSS or CASH OOTOO 



r BsTlaed. 

• I«ss than $500,000. 

1/ These figures are not intended to reflect the budgetary position 
of the C.oTemjiieat, and will not agree »lth budgetary figures on 
receipts, eipendltures and deficit such as those appearing In 
the Dally Sroaeury Statement and In other tables in the "Treasury 
Bulletin". For an explanation of the revisions made In Itelly 
Treasury Statement figures to arrive at this cash series, see the 
"Treasury Bulletin", February 1939. 

2/ Includes sale of commodity food stsmps, Agricultural Marketing 
Administration. 

2/ Comprises Public BulldlEgs AdBlrdstratlon, Public Hoads Adminis- 
tration, Public Works Adainistratlon. Ilederal Public Houelng 
Authority, river and harbor work and flood control, Tennessee 
Valley Authority, forest roads and trails, and reclamation 
projects. 




hj Comprises Agricultural Conservation and Adjustment Administration. 
Agricultural Marketing Admiolatratlon, Commodity Credit Corporation, 
Farm Credit Administration, Ibdei-ta Farm Mortgage Corporation. 
Federal land banks. Farm Security AdalnistrEtlon, Taxa Tenant Act, 
Hural Electrification Administration, and Department of Agriculture 
departmental expenditures. Excludes Agricultural Karketlng Adminis- 
tration, reflected on IWJjr Trsasury Stateaent as i,r£..iefor to 
trust accounts. 

5/ Sicludoij transactloca under transfers to trust a4;couiit8, etc. 

6/ Beginning July I'^hz National Touth Adnlnlatratloc la Ic^uded 
In war activities expenditures. 

1/ Excludes accrued Interest on Dnitsd States savings bonds outstanding. 

5/ Expendlturee for war activities by toe Reconstruction Finance 

Corporation prior to October 17, igUr, wore included under "Other" 
fioconstruction Finance Corporation e:qpeaditures. 



Total Cash Income and Outgo, by Months 

(In Billions of dollar's) 




r fievised. 



Oct. 


Bov. 


Deo. 


Total 


395 


521 


757 


6.992 


399 


56? 


t " 


5,551 


^58 


655 


798 


7.569 


fill 


956 


1,288 


10,859 


770 


1.133r 


2,806 


19.2571 


829 


702 


895 


8,687 


781 


667 


9U7 


9.U83 


976 
2,1*39 


962 


1.2UU 


10,317 


1.973 


2.778 


20,8>*1 


6.203r 


5.9'*9 


6,996r 


57.959 


U3U 


ISl 


138 


1.695 


382 
518 


100 

306 


332 

1*5*6 


2.932 

2,748 


1,828 


1.017 


I.U90 


9.982 


5,i*3i* 


U,815 


lt,190r 


3S,70ii 



22 



CASH INCOME AND OUTGO OF THE TREASURY 



1940 




MJSNJMMJSNJMMJSNJ 



MMJSNJKAMJSNJMMJ SN 







Cash Outi^o 






















/ 








J 










1 

/ 










y 

y* 








3 Month 
Moving A verag e V 


y 


"■ 


[lllllllllll 

J M NA J S N 


lillllllllll 

J M M J S N 


lllllllllll 

J ^A M J S N 


J^A^AJSNJ^A^A 


1 III ill H , 1 1 r 

JSNJMMJSN 



Excess of Cash Out^o 

Nzgailvz figures re.prese.nt excess of Cash Income 



3 Month s. 
Moving Average^y 4 ,^^ 



I li I I r I I I I I I I il I I I I I I I lillllllllll 11 I I 




— 



JMMJ8NJMMJ8NJMKAJSNJM M J S N J M M J S N J ^A Wl J S N 



1938 



1939 



1940 



941 



1942 



1943 






GENERAL FUND OF THE TREASURY 



23 



2k 



Assets of the General Fund of the Treasury 

(In mllllone of dollars) 



Ind of fiscal 
year or month 



1933 

193" 

1935 

1936 

1937 

1938 • 

1939 

igw 

19U1 

igUa 

igUs-Harch 

April 

•tay 

June 

July 

August. . . 
SepteBl>er 

October. . 
HoTenber . 
December . 

19l*3-JsLnuary . . 
Pebruary. 
March 



Total 



1,103 
3.033 
2.016 
2.936 

2.709 

2. 1*19 

3.087 
2.038 

2.812 

3.857 
3,216 

3.782 

3.695 

1*,688 

5.313 

3.557 

11,032 

8,200 

5.895 
'*.75S 



Bullion, coin, 
and currency 



ISU 
I.0U5 
l.OUU 

S65 
1.863 

827 

Lig"* 

87U 
98U 
897 



900 

897 

926 
907 
909 

931 
915 
863 

857 
872 
871 



I>eposlts in 

Tederal 

Reserve Banks 



51 

97 

118 
862 

lUl 

929 

1.022 
25't 

1,021* 
603 

525 

522 
382 
603 

553 

569 

1.021 

619 

512 

1,516 

1*65 
623 
©*3 



Special deposits 

account of sales 

of OoTf-Tmient 

securities 



837 
I.85I* 

799 
1.150 

6U9 

611 
776 
805 
661 
1.679 

2,231 

1.666 
1.679 

2.014 
1.880 
2,1*11 

3,373 
1,695 
8.166 

6.367 
3.892 

2.691* 



other 

deposits 

and 

collections 



31 

37 
55 
58 
55 

52 

95 

105 

1^3 

265 

211 

226 
250 
265 

289 

338 
3'*7 

390 
1*35 
U87 

511 
509 
550 



Source: DBily Treasury Statement 9. 



Balance In the General Fund of the Treasury 

(In millions of dollars) - 



2nd of fiscal 
year or month 



1933- 
193'*. 
1935- 
1936. 
1937. 

1938- 
1939- 
igUo. 
19U1. 
19U2. 



19l*2-March. 



April. 
May... 

June. . 



July 

August 

September. 



October. . 
Sovember . 
December. 



19 1*3- January. . 
Tabruary. 
March 



Total 
assets 



1.103 

3.033 
2.016 
2.936 
2.709 

2.1*19 

3,087 
2.038 

2.812 

3.t43 

3.857 

3.216 
3.198 

i.m 

3.782 
3.695 
U.688 

5,313 
3,557 
11,032 

8,200 

5.895 
5.758 



Total 
liabilities 



Source: Daily Treasury Statements. 

1/ In the fiscal years 1935 and 1936. $91 millions and 
♦ 551* millions, respectively, »ore transferred from in- 
crement on gold to the working balance for retirement of 
national bank notes. In this statement, howerer. charges 



21*0 
1*51 
175 
25I* 
156 

203 

2US 
IU7 
179 

1*52 

365 
365 

386 
1*52 



s 



1* 

1 

386 



1*16 
1*75 
1*89 

1*77 
503 
579 



Balance 
in the 
Oeneral 

Fund 



862 
2,582 
1.81*1 
2.682 
2.553 

2, 216 
2,838 
1.891 
2.633 
2.991 

3.'*93 
2.851 

2,812 

2.991 

3.288 
3, 15"* 
1*,302 

i*,896 

3,082 

10.51*3 

7,721* 
5,392 
i+.l79 



Analysis of balance in the Oeneral Fond 1/ 



Working 
balance 



862 
1.771 
1.001 
2.069 
2.000 

1.622 
2.160 
1.163 
1.885 
2.229 

2.732 

2,089 
2,050 
2,229 



2,525 
2.39 



.392 
,51*0 



i*.i3i* 
2.320 
9.780 

6,961 
i*.630 
3.1*16 



Seigniorage 


Increment 


on silver 


on gold 


- 


811 


11*0 


700 


316 


297 


356 


198 


1*1*6 


11*7 


536 


11*2 


585 


11*3 


605 


11*3 


619 


1U3 


618 


11*3 


6I8 


li*3 


619 


11*3 


619 


11*3 


619 
619 


11*4 


619 


11*1* 


619 


ll*l* 


619 


llA 


619 


lUH 


619 


li*)* 


619 


litU 


619 


lUl* 



for retirement of national bank notes are reflected directly 
against increment on gold in the years during which the retirements 
were actually made. Inactive gold in the amount of $1,087 millions 
for the fiscal year 1937 1» considered as a part of the working 
balance. 



25 



Analysis of Change In Balance of General Fund of the Treasury 

l^ln ■lllion* of dollar* - Bat iBcreaaa or not dacreaaa (-)J 



Chaa^ dnrla^ flieal 
7«ar or aonth 



Total 

ehan^ In 

G«neral 

balance 



Vorfclns balaae* 



total 
workinc 
balance 



General 

and 

■pedal 

acconnti l/ 



l»abllc 

debt 

account* 2/ 



Trust 
account* ^ 



Miacel- 

laneou* 

fond* and 

account* 



}i/ 



Checking 

account* of 

SoTenment 

a^Dclee, 

etc. 



Seigniorage 



Increnent 



gold 5/ 



1933- 

X935. 
1936. 
1937. 
1938. 
1939. 
1^. 
igitt. 

19'*2. 



1942-Harch. 

April. 
Uaj... 
June. . 



July 

Au^et . . . . 
September. 



October. . 
HoTember. 
December. 



19U3-January. . 
Tebruary. 
March .... 



IA5 
1,720 

-7'a 

8lH) 
-128 
-338 

622 
-9'»7 

7'*2 

35* 

-69 

-61*2 

-39 

179 

296 

-13"* 

Lll+S 

591* 

-l.gll* 

7,'^6l 

-2,819 

-2,331 

-1.213 



W»5 
908 

-769 6/ 
1.067 6/ 

-70 
-377 

537 
-997 

722 

3ltU 

-70 

-6U3 

-39 

179 

296 

-131 

l.lUS 

594 

-1.811* 
7.'t6l 

-2.819 
-2.331 

-1.213 



-1.78H 
-2.896 
-3.209 
-H.SSO 
-3.1'>9 
-l.38»» 
-3.5»t2 
-3.611 
-5.103 
-19.598 

126 

-3.058 
-3.391 
-2.037 

-4.U13 
-1*,628 
-3,UoU 

-5.331 
-5.761 

-3.799 

-5.58>* 
-5.16I* 
-2,ii+7 



3.052 
'*.5l'* 
1.739 1/ 
5,^13 Jj 
2.7U61/ 
732 1/ 
3,280 J/ 

2.528 

5.99'» 
23.'t6i 

39 

2.5't2 
3.609 

3.852 

i*,7l'* 
1+.5H9 
i»,798 

6.1+20 

3.212 

12,051* 

2,899 

2,951* 

1,1*83 



-5 

2l* 

6H 
3>* 
19 
11 
29 
37 
37 
66 

-172 

'♦7 
181 

-205 

55 
197 

-227 

60 

271* 
-290 

21* 

222 

-260 



15 
-9 

-ll* 

20 
10 

6 

27 
13 

1*1* 

27 

26 

11 



-818 
-73'* 

637 

108 

31»» 

201* 

768 

31* 

-217 

-3,625 

-75 

-189 

-1*30 

-1,1*17 

-78 

-262 

-25 

-583 

1*1*9 

-51*8 

-186 

-370 
-300 



iito 

176 

1*0 

90 
90 
1.9 

20 
ll* 



811 

-ill 6/ 
-1*03 6/ 

-99 

-51 
-5 



Source: Dally Treaaury Statement*. 6/ 

• LeBB than $500,000. 

1/ ThiB Is the net budget deficit, Excludee amount* for 
public debt retirement vhich are chargeable to the sink- 
ing fond, etc., under apecial proriaion* of law. 

2/ This represents the increase in the groea public debt, 
except as noted, (See footnote jj.)i 

]J Includes ?ederal Old-Age and SurriTors Insurance Trust 
Fund, Unemploynent Trust Tund, lallroad Eetirement 
Account, QoTeroment insurance and retirement fund* and 2/ 
other trust funds. 

{*/ Comprises Public Vorks Administration revolving fund 
and specleil deposits (net). Also includes Agricul- 
tural Marketing Administration commodity food stamp 
transactions. 

^ Includes expenditures for retirement of national bank 
notes. 



In the fiscal years I935 and 1936, $91 millions and $55!* millions 
were transferred from increment on gold to the working balance 
for retirement of national bank notes. In this statement, how- 
ever, charges for retirement of national bank notes are reflected 
directly against increment on gold, in the years during which the 
retirements were actually made. Inactive gold in the amount of 
$1,087 millions for the fiscal year 1937 la considered as a part 
of the working balance general and special accounts for the pur- 
pose of this table. 

Expenditures for the retirement of national bank notes from in- 
crement on gold for the fiscal years 1935 *o 1939 i^^ shown below) 
are not reflected herein, but are reflected under Increment on 
gold as follows: I935 - $91 milliona, I936 - $397 milliona, 
1937 - $99 millions, 1938 - $51 milliona, and I939 - $5 milliona, 
total - $61*5 milliona. The increases in the public debt shown in 
the table Means of Financing Cash Bequirements for the above 
flBcal yeare will not agree for the reason stated above. 



I 



fy.- 



PUBLIC DEBT OUTSTANDING 



26- 



27 



statement of the Public Debt and Guaranteed Obligations Outstanding 

(In mlllloQs of dollars) 



Ind of fiscal year 



1933 



1931* 



1935 



1936 



193? 



193a 



1939 



igUo 



19I11 



191+2 



£nd of month 



191+3 



Jan. 



Pel). 



Securities issued by the United States 



Interest-bearing debt: 
Public issues: 
Marketable issues 

Treasury bills 

Certificates of indebtedness. 

Treasury notes 

Treasury bonds 

Other bonds 



Total marketable issues. 



Hon-marketable Issues 

U. S. savitige bonds 

Treasury notes - tax series. 

Adjusted service bonds 

Depositary bonds 

Total non-marketable issues. 



Total public issues. 



Special Issues: 

Adjusted Service Certificate Fund 

federal Deposit Insurance Corporation. 

federal Old-Age and Survivors Insur- 
ance Trust I^]nd 

Federal Savings and Loan Insurance 
Corporation 

Oovermnent Life Insurance Fund 

Oovernjnent Retirement Funds 

National Service Life Insurance J\uid.. 

Postal Savings Systems 

Railroad Hetirement Account 

Unemployment Trust Fund 



Total special issues. 



Total interest-bearing debt. 



Matured debt on which interest has ceased.. 

Debt bearing no interest: 

United States savings stamps 

United States notes (less gold reserve).. 
Dsposits for retirement of national bank 

and Federal Heserve Bank notes 

Other debt bearing no interest 

Total debt bearing no interest 



Total public debt outstanding. 



Securities guaranteed by the United States 1/ 

Interest-bearing debt: 
Public issues: 
Marketable Isbuab 

Conmiodity Credit Corporation 

Federal Farm Mortgage Corporation.... 

Federal Housing Administration 

Federal Public Housing Authority 

Home Owners' Loan Corporation 

Reconstruction Finance Corporation. . . 
Total marketable issues 



Non-marketable issues 

Commodity Credit Corporation 2/ 

Total interest-bearing debt 



Matured debt on which interest has ceased. . 

Total securities outstanding guaranteed 
by tje United States 



Total public debt and guaranteed 
obligations 1/ 

Interest-bearing debt 

Matured debt and debt bearing no Interest. 

Total outstanding 



95U 
2,108 
1»,5US 
5.216 

9.007 



l.UoU 

1,517 

6,653 

9.333 
7.177 



2.053 

10,023 
12,6Sl+ 

2,190 



2.35^ 
11,381 

17,168 

200 



2.303 
10,617 

19.936 

198 



1,15^ 
9.it7 

21.8U6 

197 



1,308 

7.2H3 

25,218 

196 



1,302 

6,383 

26.555 
196 



1,603 
5.698 

30.215 

196 



2,508 

3.096 

6.689 

38.085 

196 



21,831+ 



26,081+ 



26,950 



62 



31.102 

316 

91+5 



33.05"+ 

800 

389 



32.31+1+ 

1,238 

319 



33.965 



283 



3'*."^36 
2.905 

261 



37.713 

'+.31'+ 
2H1 



50.573 



10.188 

3.015 

229 

79 



62 



1,261 



1,188 



1,556 



2,151 



3.166 



't.555 



13.510 



21,831+ 



92 



231 



26,081+ 



118 



2l+3 

35 



27.012 



156 

100 



253 

125 



32.363 



127 
100 



280 
100 

19 



3!+,2l+2 



38 

95 

267 



500 

316 

30 
312 



33.900 

26 
85 

662 



523 

396 

66 
872 



36,116 



20 
101 

1,177 



537 
'*73 

128 

67 

1.267 



37.602 



11 

56 

1.738 



52l* 

559 

97 

79 

1.710 



1+2,267 



19 
90 

2.381 

5 

531 
656 

3 

88 

7'+ 

2,273 



61+. 083 



IS 

95 

3.133 

5 

537 

796 

39 

56 

92 

3.I1I+ 



323 



396 



633 



626 



1.558 



2.676 



3.770 



"+.775 



6,120 



7.885 



22.158 



66 



191 

119 
5 



26,1+80 



51+ 



191 

322 

5 



27. 61+5 



231 



191 

629 
5 



32.989 



169 



191 

1*21+ 
5 



35,800 



119 



191 

310 
5 



36.576 



ii+i 



191 

252 
5 



39,886 



1U2 



191 

215 
5 



1+2,376 



205 



191 

190 
6 



1+8,387 



205 



191 

173 

6 



71,968 



98 



191 
^1 



315 



5I8 



825 



620 



506 



iti+7 



1+11 



386 



369 



356 



22,539 



27.053 



28.701 



33.779 



36.1+25 



37.165 



1+0.1+1(0 



1+2,968 



1+8,961 



72,1+22 



312 



131+ 
235 



1,226 

2,61+7 
250 



1.1+22 



3,01+1* 
252 



1,1+22 



2,987 
255 



206 

1,1+10 

1 

2.937 
299 



206 

1.379 

3 

111* 

2,928 
820 



1*07 

1,269 

8 

III+ 
2,603 
1,096 



1.269 

17 

226 

2.1+09 

1.71*1 



701 
930 

21 

III+ 

1.563 

1,219 



681 



1+,123 



1+,718 



"+,665 



'+.853 



5.'*50 



5.U98 



6.360 



i+,5i+9 



681 



"+.123 



1+,718 



i+,665 



'♦.853 



5.1+50 



5.1+98 



31 



6,360 



1+.5I+9 



20 



681 



1*,123 



it,718 



i+,665 



"♦.853 



5.^51 



5.529 



6.370 



1+.568 



22.158 

381 



27.161 

573 



31.768 
1.056 



37.707 
790 



1*0.1+65 
625 



1+1,1+28 

589 



1+5.336 

55"* 



1+7 . 87I+ 

622 



5"*. 71*7 
585 



76.517 
1*71* 



22.539 



27,731+ 



32.82I+ 



38.H97 



1*1,089 



1*2,018 



1+5,890 



1+8,1+96 



55.332 



76.991 



7.1+23 

10,71*1 

9.863 

1*9.273 
196 



8,232 

11,161 

9.863 

'*9,273 

196 



77.1*96 

16.21+6 

6,71*9 

221+ 

137 



78,726 



17,067 

7.12? 

22»* 

11*1+ 




17.891 

6.31*6 

223 

162 



23.356 



2i+,56o 



2l+,622 



100,852 



19 

95 

3.1+52 

7 
530 
969 

170 

107 

197 

3.627 



103,286 



19 
155 

3.1*39 

7 
533 
978 
198 
169 

187 
3,880 



10l+,28l+ 



18 
178 

3.700 

7 
539 
991 
233 
260 
176 
3.902 



9.172 



9.565 



lO.OOU 



110,021+ 



225 
191 



5I+9 

6 



112,851 



80 



22l+ 
191 

672 

6 



lll+,287 



89 



226 
191 

708 

6 



970 



1.093 



1,130 



111,069 



lll*,02l+ 



115.507 



701 

930 

21 

111+ 

1.533 
896 



701 
930 

22 
111+ 

1.533 



701 
930 
23 
111+ 
.533 
971 



1+.196 



81 



"+,196 



79 



l+,272 



78 



1+.277 



11+ 



1+.275 



■+.350 



11 



1+,291 



"+.287 



i*.360 



iii+,30i 
1,060 



117.126 

1,185 



118,637 
1,230 



115.361 



118JII 



119,867 



Source: Dally Treasury Statements. 
• Less than $500,000. 
1/ Excludes guaranteed securities which were sold directly to the Treasury. Consists 

only of securities guaranteed by the United States as to both principal and interest. 
2/ Demand obligations. 



28 



Composition of the Intereet-Bearlng Public Debt 



bd of f Ileal yaar 
or BODth 



1933- 
193^. 
1935- 
1936. 
1937. 

193I- 
1939- 
19U0. 
1941. 
I9i»2. 



13Ua~Mareh 

iprll 

Hoy 

Jona 

July 

Au^st . . . ■ 

September. 

October. . . 
November . . 
December . . 

I9U3- January. . . 
February . . 
March 



Intaraat-tMxiB* public dabt evtataadlac l/ 
(Ib ■illioiu of dellara) 



Total 



22.158 
S6,U80 
27.6^5 
32.989 
35.800 

36.576 

^9.886 
1*2.376 
»«.3«7 
71.968 

61.9U0 
6U,U96 

68.108 

71.96s 

76.6qH 
81. 2W 

85.8H7 

92.265 
95. '♦SS 
107. 308 

110.02U 

112.851 
llU,287 



lU.223 

16.510 
1W.936 

18,628 

a, 322 



UU.S»f7 

1*5.363 
"+8,157 
»*8.776 

51.765 
53,680 
5U,i»l3 

57.285 
57.991 
61*. 86s 

66.076 
66.905 
67.71*5 



!653 



i». 
6.653 

10,023 

11,381 
10,617 



9.11*7 
7. 21*3 
6.383 
5.698 
9.703 

8.107 

8.315 

8.670 

9.703 

10. 01*6 

10.1*28 

12.095 

15.059 

15.798 
16. 21*7 

16,612 
16.988 
16.1U3 



Bill! and 
oartlfioatas 

of 
Inda'btodnaii 



3.063 
2.921 
2.053 

2.39* 
2.303 

1.1^ 

1.308 
1.302 

1.603 
5,60)* 

1.652 

3.1*60 
3.76U 
5.601* 

6.759 

8.873 

10,829 

11.336 
12.882 
17.161 
18. 163 
19.393 
20.396 



Spool «1 

IMUOI 



323 
396 
633 
626 

1.558 

2.676 
3.770 
l*.775 
6. ISO 
7.885 

7.333 
7.358 
T.5I8 
7.885 

8.125 

8,262 
8,509 

8,585 
8,787 
9.032 

9.172 
9.565 

10,001* 



Poreant of Itttareet-beaplng public dabt 



Total 



100.0 
100.0 
100.0 
100.0 
100.0 

100.0 
100.0 
100.0 
100.0 
100.0 

100.0 

100.0 
100.0 
100,0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 

100.0 
100.0 
100.0 



Beadt 



61*. 2 
62.1* 
5U.O 
56.5 

5J.5 

6>*.5 
69.1 
70.6 
72.3 
67.8 

72.1* 

70.3 
70.8 
67.8 

67.5 
66.1 

63.1* 

62.1 
60.8 
60.5 
60.1 
59.2 
59.3 



lot** 



Bill! and 
eartlfloatoa 

of 
iBdabtadaat* 



20.5 
25.1 
36.3 
31*. 5 
29.7 

25.0 

18.2 

15.1 
11.1 

13.1* 

13.1 
12.9 
12.7 
13.1* 

13.1 
12.8 

ii*.i 

16.3 
16.5 
15.1 

15.1 
1^.1 
lU.l 



13.8 

11.0 

7.1* 
IX 

3-2 

3-3 
3-1 
3.3 
7.8 

2.7 

5-1* 
5.5 
7.8 

8.8 
10.9 
12.6 

12.3 

13-5 
16.0 

16.5 
17.2 

17.8 



Spoolal 
itiuoi 



1-5 

1-5 
2.3 
1.9 

H.3 

7.3 

9.5 

U.3 

12.6 

11.0 

U.8 

11.1* 
11.0 
11.0 

10.6 

10.2 

9.9 
9.3 

9.2 
8.1* 

8.3 
8.5 
8.8 



"^'Vl ?^ef u^'Sdo'te^ lu'e. issued by T.d.ral a^ncle. and 
guaranteed by the United States. 



fiscal year 
or month 



1933.- ■■ 
I93i*. . . • 
1935- • • • 
1936... 
1937... 



1938.. 
1939.. 
191*0.. 
191*1. . 
19U2.. 



19U2-March . 

April. 
Hay... 
June. . 



191*3- 



July 

August . . . . 
September. 

Octobor. . . 
HoTember . . 
Decembor. . 

January . . . 
February. . 
March 



Total 



9.697-1 
13.583.0 
13.125-5 
lU.120.8 

9.589-1* 

9.620.8 
13.083-6 
13,165.6 
17.81*6.7 
37.16H.3 



593-1* 
116.1* 
300.0 

210.9 



277.0 

Uli 

929.1* 
729.9 
6I43.1 

078.1 

.982.6 

.501.6 



Public Debt Receipts and Expenditures 

(In allliona of dollars) 



Baoalpts 



Public lasnat 



Cash 



9.392.0 
9,160.9 
5.715-9 
8.958.0 
6.198.6 

i*.775.8 
7.1*75.1 
7,i9i*.i* 

10,1*62.1 

30.690.9 

1,1*03.0 

3.051.3 
1*. 119.1 
5.21U.1* 

5.OO8.U 
5. 381*. 6 
7. 829. 7 
7.806.9 
6.506.5 
15.369.8 

U, 898.1* 

6,566.5 

20,033-8 



Adjusted 

serrleo 

bonds 



1,668.8 
lltO.6 

12.8 
6.6 
8.1* 
2.2 
1.3 

.1 

.1 
.1 

.1 

.1 
.1 
.1 

.1 
.1 



bohances 



l*.158-5 
6.963.7 
2.978.2 
1.751.1* 

2.673.8 
3,03'*.'» 
2.812.0 

3.11*1.6 
996-0 



1*8.6 
19.7 



Spealal 
Issuas 



305.0 
263-7 
1*1*5.9 
515.9 
1.1*98.9 

2.158.5 
2.567.1 

V.2TO.8 
5.876.2 

190.1* 

6U.9 

180. 7 

3,996.1* 

26s. 5 
193-7 
290.0 

102.7 
223.3 
273-2 

179-7 
1*16.0 
1*67-7 



Total 



6,61*5.1* 
9.068.5 
11,1*77-7 
9.01*3-2 
6,91*3-3 

8,880.7 

9.808.8 

10.637.6 

U. 852-8 

13.703.3 

l.55l*-7 

57i*-l* 

690.7 

5.359.0 

563.2 
1.029.3 
3.370.0 

1,509.0 
3.517.9 
3.589-0 

2,178.7